digital wallet

OCBC app adds 8 digital wallets from across South-east Asia

The bank aims to connect customers with 50 wallets worldwide in the long-term

Gen X's caution around innovative payment solutions presents challenges to Singapore’s digital economy aspirations.

Why businesses must win the trust of Singapore’s Gen X in digital payments

To drive the country’s digital ambition, this critical cohort must go cashless

Dana is the first major Indonesian e-wallet firm to provide this service.

Indonesia e-wallet provider Dana launches services targeted at foreigners as it looks to expand its ecosystem

Company now allows foreigners to bind their credit cards to the e-wallet, which is a step towards its internationalisation

Customers outside China can now pay Weixin Mini Program merchants using the local payment method they prefer.
SINGAPORE FINTECH FESTIVAL 2025

Tencent expands mobile payment network in push for more seamless cross-border payments

GrabPay, ShopeePay and Malaysia’s PayNet are among services that will enjoy a direct connection with Weixin Pay in China this year

Besides serving as an e-wallet through GoPay, GoTo is seeing opportunities to reach Indonesia’s large unbanked or underbanked population.

Indonesia’s GoTo raises earnings guidance as financial services keep powering its growth

Its GoPay e-wallet is driving expansion, with more than 500 million transactions in September alone

Merchants that use PayPal will also be able to accept payments from those wallets without having to invest in new technology to integrate with the various providers.

PayPal to create global digital wallet platform with Tenpay, UPI

The company also plans to add artificial intelligence and stablecoin use cases to the digital wallet platform at some point

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

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

So far about 17.5 million people have received payments since it started last September

The second tranche of payments will target people over 60 who need support first, says Finance Minister Pichai Chunhavajira.

Thailand to start second stage of stimulus programme in January

Cash will be transferred by late January, before the Lunar New Year

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.

How digital banking drives regional connectivity

It is doing so by enhancing financial inclusion, supporting cross-border trade and fostering regulatory harmonisation

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.

Achieving more efficient and compliant cross-border payments

Three mindset shifts are necessary for a truly seamless global payments ecosystem