Payments

For the government’s digital stimulus package, 47 e-wallet players threw their hats into the ring, but only three were chosen: GrabPay, Boost, and Touch ‘n Go.

Paytm was valued at USD 16 billion last year when the US-based asset manager T Rowe Price—as a new investor—poured USD 150 million into the Noida-based company.

The social network is reportedly preparing to apply for a license in , to launch mobile payments in partnership with Ovo, GoPay, and LinkAja.

Companies cut marketing and halt expansion to stay afloat.

Airwallex said it’s on the lookout for potential acquisitions in the payments space.

Tencent-backed company in talks with new investors as pandemic boosts digital payments.

BukuWarung helps enterprises digitize their bookkeeping and has already processed millions of credit and cash transactions.

The service supports only ICBC bank cards for now.