Payments

Digital yuan trials have previously been conducted via a lottery and only a lucky few could get their hands on it.

Mynt manages GCash, Philippines’ largest mobile wallet and payment service with over 33 million users.

In February, the UK-based startup said it will expand its Singapore office and hire over 70 people.

Grab last year also became an investor in the payment provider.

The new group is targeting the 290 million unbanked in Southeast Asia.

Xendit says it processes more than 65 million transactions with USD 6.5 billion in payment value annually.

The company was founded by former Ant Group employees.

Tencent’s WeBank also joins the six state-owned banks in the pilot.