Expands a suite of new digital services on top of its existing mobile connectivity services.
E-wallet app aims to acquire as many as 100,000 merchants by the end of 2018.
Singaporeans are ready to make payments via their mobile phones as they await various channels such as Apple Pay, Samsung Pay and AndroidPay to roll out in the Lion City, according to Visa.
Telkomsel is pushing its TCash mobile wallet to not only tap a lucrative millennial market, but to also provide financial services to the unbanked.
Despite fintech startups being the sexy new kids on the block, and a host of new digital-fuelled payment initiatives and platforms, such disruption will not kill off the incumbents, MOL Inc founder and chairman Ganesh Kumar Bangah told the What's Next conference.
Most Singaporean consumers using mobile banking applications want their mobile devices to instantly recognise them via biometrics such as fingerprint and voiceprint, instead of having to prove who they are with passwords and usernames.
MasterCard said that its MasterPass digital payments platform has been gaining momentum in Asia Pacific, driven by the increasing trend among consumers in using it for smaller ticket, everyday payments.