All News and Announcements
India: May Digital Payments See an Uptick, Indicating Revival in Economic Activity
Digital payments saw a revival in May, after the government granted some relaxation during the third and fourth phases of the lockdown.
Sri Lanka: Genie, BOC Partner to Increase Digital Payments via Mobile Wallet Solution
Sri Lanka-based fintech Genie has partnered with Bank of Ceylon to act as the financial acquirer and digitize payments through its mobile wallet solution.
Hong Kong’s HKT Financial Services, the Fintech Arm of HKT Group, Introduces Digital Financing Platform
Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App.
India: More Kirana Shops Accept Digital Payments as Customers Prefer Contactless Shopping
Payment companies have reported a surge in digital transactions for buying essential goods since the lockdown began, and more and more fintechs are now working with mom-and-pop stores to enable them to transact digitally.
Philippines: Consumers Shopping, Banking From Home Warned vs Rash of Digital Payment Fraud, Hacking
While the COVID-19 pandemic has increased usage of digital payments, there has been an observed increase in attempts at scams and financial crimes.
Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa: Report
According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019.
Rwanda Waives Charges on Digital Payments
The National Bank of Rwanda has instructed mobile network operators to waive charges on all transfers with bank wallets, person-to-person and merchant fees on payments.
Boku Launches With Pearl Abyss to Extend Mobile Payments and E-Wallets Services
The launch countries include Russia, Turkey, Thailand, Philippines, Indonesia, Malaysia, and Singapore and alongside carrier billing will also include local e-wallet payment services such as RabbitLinePay, GCash, GoPay, OVO, Dana, GrabPay.
India: Bill Payments Drive Digital Payment Volume Recovery in First Half of May
A number of people who were earlier used to paying their utility bills in cash may have shifted to the digital channels during the lockdown, they added.
Bangladesh: Govt Cash Gift for Corona-Affected Family Disbursed Through Rupali Bank SureCash
The government is providing direct cash assistance to 5 million Corona-affected families.