Recent Blogs

September 14, 2018

WeChat launched WeChat Pay MY

WeChat, Tencent’s messaging mega app which is an one-stop platform for daily services had officially launched its Malaysian Ringgit Wallet, WeChat Pay MY on 21st August 2018. It is first expansion of such in Asia outside of China and Hong Kong, which feature peer-to-peer (P2P) functionality and will allow users to pay offline merchants in local currency. Similar to its China version, WeChat Wallet offers linking bank accounts, topping up phone cards, and buying plane and train tickets but the functions are still limited in comparison. To kickstart the Malaysian Mobile payment wallet, WeChat had launched a campaign where it […]
September 7, 2018
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China’s mobile payment platforms are taking over online marketing

  Past are the days where we go to a restaurant and ask do you accept Visa or Mastercard, in fact, we will ask if certain mobile payment is available at that restaurant. This is especially true in China where 64% of all payment in restaurant are through mobile payments. Furthermore, due to the fierce competition from both WeChat Pay and Alipay for a higher market share, both mobile payment solutions have been aggressively launching promotions to attract more users.
August 31, 2018

Go-Jek’s influence in cashless scene threatens 72% of Indonesian banks

As one of the prominent hailing services, Go-Jek’s regional expansion would lead to great disruptions in each local hailing and payment scene. This goes without saying that Indonesia, as Go-Jek’s home country, would inevitably be significantly impacted first-hand. 72% of banks in Indonesia recognise the threat posed by Go-Jek as a strong competitor. According to PwC’s survey, the payment scene which was once dominated by conventional financial service providers has been pressured with the introduction of these tech giants.
August 24, 2018
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Mobile payment gives opportunity for financial inclusion in Philippines

Many Filipino households lack sufficient funds to open a deposit account and this leads to the problem of having high unbanked percentage in the Philippines. With an approximate 86% of Filipino households unbanked, the trend towards cashless payment modes allows unbanked users to be more easily integrated into banking services. This encourages greater financial inclusion where local banks gain the chance to provide banking services to more Filipinos.
August 17, 2018
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Grab officially launched its mobile wallet GrabPay in Malaysia

With plans to launch GrabPay mobile payment method in all 8 Southeast Asian countries this year, Grab has launched GrabPay in Malaysia on 26th June, making it the second country after Singapore. GrabPay is greatly accessibly and accepted by over 500 food and beverage merchants. Consumers can make purchases similar to other QR code payment methods, by scanning the unique QR codes provided at each merchant. When transactions are paid using GrabPay Credits, GrabPay Rewards points are earned to claim for items in the GrabRewards catalogue. Consumers can now choose to top up GrabPay credits into their Grab app and […]
August 10, 2018
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WeChat Pay leads mobile wallet growth in Hong Kong

Mobile wallet is gaining popularity all over the world, as it allows consumers to make cashless purchase straight from their mobile. In the latest ‘GroupM Mobile Wallet’ Study, WeChat Pay leads the mobile payment growth in Hongkong with a user base of 52%. Its user base grew more than 2.5 times as compared to 1 year ago from about 19% user base in 2017, overtaking major competitors like Apple Pay, Alipay, Samsung Pay and more. This comes after Tecent’s expansion of its cashless payment system earlier this year, as it allows Hong Kong residents to be able to use its […]