PYMNTS-MonitorEdge-May-2024

APAC

Report: Amazon Sellers Allege Copyright Violations in Lawsuit Against Temu
Report: Amazon Sellers Allege Copyright Violations in Lawsuit Against Temu
July 12, 2023  |  Retail

Multiple Amazon sellers reportedly said their listings, including product images and descriptions, were replicated by other sellers on Temu. The continuous presence of Temu’s infringing listings has prompted...

READ MORE >
Apple Debuts Store on Chinese Super App WeChat
Apple Debuts Store on Chinese Super App WeChat
July 11, 2023  |  Apple

Apple has reportedly begun selling its devices via the Chinese social media platform WeChat. WeChat is owned by Tencent and is considered China’s leading messaging app. Apple will sell...

READ MORE >
China Creeps Toward Deflation as Recovery Slows
China Creeps Toward Deflation as Recovery Slows
July 10, 2023  |  International

While much of the world deals with inflation, China has the opposite problem. The country’s economy reached the edge of deflation last month, the Financial Times (FT)...

READ MORE >
Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
July 07, 2023  |  CBDC

DBS has launched a digital yuan (e-CNY) merchant collection solution and completed its first e-CNY transaction for a client. The Singapore-headquartered financial services group’s DBS China...

READ MORE >
IFC and Thai Credit Partner to Help Small Businesses
IFC and Thai Credit Partner to Help Small Businesses
July 05, 2023  |  Partnerships

International Finance Corporation (IFC) and Thai Credit Retail Bank have partnered to help small businesses in Thailand. As a global development institution that is a member of...

READ MORE >
Ant Group Expands Payments Partnership With Italy’s Tinaba
Ant Group Expands Payments Partnership With Italy’s Tinaba
July 03, 2023  |  Partnerships

Alipay and Tinaba have expanded their partnership to help Italian travelers make payments in Asia. Tinaba, a Milian-based payments company, announced in a press release the latest iteration...

READ MORE >
Visa and SAP Partner on B2B Payments in APAC Region
Visa and SAP Partner on B2B Payments in APAC Region
June 29, 2023  |  Partnerships

Visa and SAP have partnered to digitize and speed up B2B payments in the Asia-Pacific (APAC) region. With this collaboration, Visa payments will be embedded into SAP’s ecosystem of...

READ MORE >
Tencent to Allow Visa Credit Cards to Be Linked to WeChat
Tencent to Allow Visa Credit Cards to Be Linked to WeChat
June 28, 2023  |  Credit Cards

Tencent will allow Visa credit cards to be linked to its WeChat app. When this ability is rolled out next month, foreign tourists visiting China...

READ MORE >
Local Payment Methods Lower APAC Cart Abandonment by 32%
Local Payment Methods Lower APAC Cart Abandonment by 32%
June 21, 2023  |  eCommerce

The Asia-Pacific (APAC) region is poised to become a key area of expansion for U.S. and U.K. merchants over the course of the next few...

READ MORE >