BANKS in South-east Asia are set to miss out on as much as US$5 billion, or 14.3 per cent of their payments revenue by 2025, displaced by the growth of digital payments and competition from non-...

[BERLIN] German payments group Wirecard raised its long-term outlook on Tuesday, but the company's shares fell as analysts questioned the ability of any tech company to give a precise forecast for...

[NEW YORK] Square Inc has become one of the first US payments platforms doing business with cannabis providers, just as marijuana legalisation gains traction and the industry is booming.

INTERNET ECONOMY

THE digital payments market in South-east Asia has hit an inflexion point, and growth in this segment is likely to propel the region's Internet economy in the region to a US$300 billion market by...

THE Inland Revenue Authority of Singapore (Iras) collected S$4.6 billion from stamp duties - a tax levied on property transactions - for the fiscal year ended March 31, with most taxpayers paying...

BT EXCLUSIVE

SINGAPORE firms are switching from cheques to e-payments, but the pace is just not fast enough.

BANKS are set to miss out on as much as US$280 billion or 15 per cent of their global payments revenue by 2025, as new startups muscle in and more of the business of sending money to individuals...

SOFTBANK-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of...

BT EXCLUSIVE

CONSUMERS are largely on board the digital payments train but businesses, particularly business-centric small and medium enterprises (SMEs), seem to need a bigger push to go entirely cashless or...

[MUMBAI] The playing field in India's rapidly expanding market for digital payments is poised to get more crowded as the country races to catch up with China in squeezing out the use of cash,...