The Business Times

digital wallet

Banking & Finance

PayPal to create global digital wallet platform with Tenpay, UPI

The digital wallet scheme provides 10,000 baht each to an estimated 45 million people to spend in their localities within six months.
ASEAN Business

Thailand to roll out next phase of handout scheme in Q2, plans more stimulus

Pichai Chunhavajira, Thailand’s finance minister, speaks at a news conference in Bangkok, Thailand, on Wednesday, July 24, 2024. Thailand unveiled detailed plans for a long-delayed distribution of cash to most adult citizens, the centerpiece of government efforts to revive growth and the fortunes of the ruling coalition. Photographer: Valeria Mongelli/Bloomberg
International

Thailand to start second stage of stimulus programme in January

With a population of more than 675 million in South-east Asia, there is huge potential in the growing Asean digital economy, which generated more than US$100 billion in revenue in 2023.
Future of Finance (2024)Banking & Finance

How digital banking drives regional connectivity

According to the Bank of England, global cross-border payment flows are projected to surge from almost US$150 trillion in 2017 to over US$250 trillion by 2027 – a rise of over US$100 trillion in a decade.
Future of Finance (2024)Banking & Finance

Achieving more efficient and compliant cross-border payments

Infcurion offers technology powering a range of payment services such as digital wallets and credit cards.
Banking & Finance

Japan payments company Infcurion says planning IPO in 2025

The initial phase will see 10,000 baht distributed in cash to 14.5 million welfare card holders and disabled people, and is expected to be complete by the end of the month.
ASEAN Business

Thailand kicks off first phase of US$14 billion “digital wallet” stimulus scheme

Thailand's new Prime Minister Paetongtarn Shinawatra, known by her nickname "Ung Ing" and daughter of former prime minister Thaksin Shinawatra, takes part in a press conference in Bangkok on August 16, 2024. Thai lawmakers on August 16 appointed the 37-year-old daughter of billionaire Thaksin Shinawatra as prime minister, elevating a third member of the influential but divisive clan to the nation's top job. (Photo by Lillian SUWANRUMPHA / AFP)
ASEAN Business

Thai PM says economy needs a boost, to adjust handout scheme

The Financial Conduct Authority and Payments Systems Regulator is seeking views on the benefits and risks, and will assess the impact digital wallets, such as Apple Pay, Google Pay and PayPal, have on competition and choice of payment options at checkout, among other things.
Telcos, Media & Tech

British regulators to examine Big Tech’s digital wallets

The scheme is slated to start in the fourth quarter but the government has struggled to find sources of funding.
ASEAN Business

Thai PM says digital wallet scheme will spur jobs and manufacturing

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