Singapore-based ride-sharing company Grab is looking to expand its reach in Indonesia through its acquisition of Kudo, an e-commerce platform for unbanked consumers who would be unable to use Grab's own digital payment platform.
There's been a lot of funding flowing into technology that targets the spending of Chinese travelers as they visit other countries. But this narrow use case isn't the only opportunity for investment and innovation.
Australia's government says the country's large banks cannot collectively bargain with Apple over terms of support for Apple Pay, ending a public battle between Apple and the banks that has lasted at least a year.
Wells Fargo & Co. is expanding its ExpressSend remittance payout network in India to include Axis Bank and, beginning next month, expanding a free-transfer promotion previously available only for those sending at least $500.
The next phase of India’s national digital payments initiative begins next month when 20 banks launch Aadhaar Pay, an app enabling merchants to accept payments on smartphones from consumers using biometric authentication.
Siam Commercial Bank Pcl, Thailand’s oldest homegrown lender, plans to reinvent its mobile digital payment platform as a lifestyle app to help fend off competition from upstart financial technology providers.