Powered by Alipay’s blockchain technology, the service marks a major milestone in the journey to promote financial inclusion.
Many expect double-digit revenue growth as a result, Accenture Research finds.
Asia is at the forefront of the digital payment evolution, but challenges still remain.
Sum was was settled through Alipay in one hour and 48 seconds.
Able to integrate and accept all cards and e-payment transactions in a single device.
Asian consumers today are 1.6 to five times more likely to transact with their banks via online channels as compared to physical branches.
Partnership aimed at increasing Singapore’s destination branding and awareness.
Malaysia’s Khazanah Nasional and Singapore’s Temasek, GIC participate in round.
Digital banking penetration has grown 1.5 times to three times in emerging Asia since 2014.
Platform sees strong uptake in Cambodia and makes headway in Myanmar, Laos and the Philippines.