PYMNTS-MonitorEdge-May-2024

APAC

MobiKwik Files for $84 Million IPO
MobiKwik Files for $84 Million IPO
January 05, 2024  |  IPO

Indian digital payments firm MobiKwik has filed for an initial public offering (IPO) worth up to 7 billion rupees ($84 million).  This move comes after the company’s...

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Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn 
Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn 
December 21, 2023  |  Consumer Insights

Chinese consumers are reportedly feeling the effects of the country’s economic downturn.  This downturn, characterized by declining exports, a slowdown in manufacturing and a property...

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Report: Blackstone to Acquire 80% Stake in Sony Payment Services 
Report: Blackstone to Acquire 80% Stake in Sony Payment Services 
December 21, 2023  |  Acquisitions

Alternative asset manager Blackstone is reportedly set to acquire an 80% stake in Sony Payment Services, a payment service provider under Sony Group.  The deal, valued at approximately $280...

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Can Coupang’s $500 Million Lifeline Save Farfetch From Falling Out of Fashion?
Can Coupang’s $500 Million Lifeline Save Farfetch From Falling Out of Fashion?
December 19, 2023  |  Retail

After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation...

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Meta Launches Small Business Partnership With India’s ONDC
Meta Launches Small Business Partnership With India’s ONDC
December 19, 2023  |  Meta

Meta has teamed with India’s ONDC to help smaller merchants do business on WhatsApp. The partnership with the Open Network for Digital Commerce (ONDC) is...

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UnionPay Partners With Trip.com to Meet Travelers’ Payment Needs
UnionPay Partners With Trip.com to Meet Travelers’ Payment Needs
December 15, 2023  |  Partnerships

UnionPay International (UPI) partnered with online travel agency (OTA) Trip.com to enhance the payment experience for UnionPay cardholders. The collaboration will expand online acceptance and...

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US Retailers Benefit From Offering APAC Travelers Their Preferred Payment Methods 
US Retailers Benefit From Offering APAC Travelers Their Preferred Payment Methods 
December 06, 2023  |  Payment Methods

Wei Jiang, co-founder, president and COO at Citcon, told PYMNTS in a recent interview that the travel rebound is a long-standing trend — and one that...

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Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
December 04, 2023  |  Cross Border Commerce

Hong Kong and Thailand are bridging the gap between their economies. The two countries launched a new cross-border QR code payment system, known as the...

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Binance Faces Challenges in SE Asia After $4 Billion US Fine
Binance Faces Challenges in SE Asia After $4 Billion US Fine
November 29, 2023  |  Cryptocurrency

Last week, Binance agreed to pay $4 billion to resolve a Department of Justice investigation. Although that case is in the rearview mirror, the world’s...

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