In 2013, Digital River processed more than $30 billion online transactions, giving the company insights into payment and consumer behavior trends and the ability to act quickly on them. The company is hosting an online webinar “The Mobile Age, the Impact in Emerging Markets” to...
Chinese eCommerce giant Alibaba has made another big purchase in its recent investment spree, agreeing to pay $692 million for a roughly 35 percent stake in Chinese department store operator Intime Retail Group. Alibaba says it will likely take a 9.9 percent equity stake in Intime...
After a report that China’s central bank had ordered banks and payment companies to close the trading accounts of 10 bitcoins exchanges by April 15, 2014, the price of bitcoins has started declining sharply. “I’m aware of the rumors circulating on the topic,” Bobby Lee,...
China appears embedded in a competitive battle between state-run banks and such large Internet companies as Alibaba over control of the nation’s mobile-payments market. Regulators there appear to be moving in the banks’ favor. Not so, apparently, is the case in New Zealand, where new...
China’s major banks reportedly have set transfer caps for online quick payment services, making it more difficult for users to transfer large amounts of money to Internet wealth management, according to the Beijing News. According to the publication, China Construction Bank set a quota of...
For years, there have been efforts to do away with the use of paper cash and checks and replace them with more efficient electronic means of transferring value. And over time, one might think we’d get to an entirely electronic system. Not likely, or at...
2C2P, a payment services provider based in Singapore, has launched a payment solution in Myanmar. The company is launching the complete point-of-sale service in conjunction with Myanmar Citizens Bank. The system accepts both MasterCard and Visa, Tech In Asia reported on Feb. 6. “The rollout in POS...
Android users in Malaysia, Thailand, Indonesia and the Philippines can now pay for Google Play apps in their native currency. The search engine giant launched payment support in those countries for Android app buyers, The Next Web reported on Feb. 7. Developers in those countries...
04 March 2014 The source code for Mt. Gox, the troubled virtual-currency exchange, has been leaked online by an anonymous hacker. Additionally, the person also disclosed to TechCrunch that he or she stole 20GB worth of customer information, including allegedly passport and other personal identification data. The...
