EMVCo, the facilitator of worldwide interoperability and acceptance of secure payment transactions, has created a QR payment Mark to promote global interoperability across EMV QR code payments. QR code payment have been increasingly popular as many countries push to become cashless, as QR code payment is convenient and secure, as well as being fast and efficient for users. This have caused many payment providers to hop into QR code mobile payment, causing stores to have many QR code displayed on their cashier. Thus, many countries had started to impose regulations on QR code payment, such as China, which restrict QR […]

NETS announced on 18 June that all UOB & OCBC customers will be able to digitally store their ATM card onto NETSPay app, allowing them to use it as a mobile payment mode for convenient fast and secure transactions. Together with DBS/POSB, the latest entrants in the NETS cashless system – OCBC & UOB – will allow more than 11 million NETS cardholder to make mobile payment through its NETSPay App. The app will allow up to 10 ATM cards to be stored digitally and make payment with a tap on their mobile phone (through NFC) or by scanning the […]

PayNow, a service which allow inter-bank transfer using mobile number or identification number, will be accepting business transaction on 13th August with PayNow Corporate. It means that businesses will be able to receive or pay money to other companies using this PayNow simply by linking their unique entity number (UEN) or registration number to their bank number. The service will be offered by 7 banks, which are already offering PayNow to their retail customers, namely Citibank, DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, and United Overseas Bank. PayNow is built on FAST, which is Singapore’s 24/7 real-time inter-bank […]

Payment Solution provider, NETS, announced in June, that its merchants could onboard its payment system within a day from submitting its online application. This is part of an initiative by NETS to hasten up its cashless payment adoption rate in Singapore by transforming to digital adoption processes. Its new online application, introduced in May, allows its merchant to pick up their new NETS terminal from its customer service counter anytime 1 day after it registering. The new NETS terminal include payment solutions by NETS including NETS debit payment, NETS Flashpay, NETS QR Payment and NETS Pay. Other than merchant acquisition […]

With Chinese tourist being the top spender in terms of tourism dollar over the world, and a strong preference for mobile payment abroad, many retailers are trying to implement mobile payment systems catering to Chinese tourist. This is especially true for Southeast Asia (SEA) merchants as SEA is the top travel destinations for Chinese tourist. In order to gain a slice of the Chinese tourist market overseas worth US$429 billion, WeChatPay, UnionPay & AliPay had forged many partnerships oversea recently. Some noticeable partnerships includes Changi Airport with WeChatPay and LiquidPay with UnionPay. They have been actively seek merchants to expand, […]

It has been confirmed that WeChat Pay will launch in Malaysia, June 2018 before Raya Aidilfitri. Malaysia will be the very first country outside of China to have the e-wallet localised for ringgit. To prep for the Hari Raya festive season, various companies has already been working with WeChat Pay to allow use of this new mobile payment mode. With over 20 million existing Malaysian WeChat users, it allows easier acceptance of WeChat Pay as a new mobile payment method. Besides that, PM Mahathir has displayed interest in the concept of a cashless society which further facilitates the adoption of […]