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Alipay+ Enables Digital Payment of 14 Overseas E-wallets from 9 Countries and Regions in Hong Kong to Support City’s Global Travel Drive

Retrieved on:

Friday, April 26, 2024

Similar to Alipay (Chinese mainland), these newly enabled wallets are now accepted at over 90% of the local outlets in Hong Kong.

Key Points:

Similar to Alipay (Chinese mainland), these newly enabled wallets are now accepted at over 90% of the local outlets in Hong Kong.
This represents the largest number of international payment apps introduced to the city’s offline commercial network through cross-border cooperation at a single time.
Since 2023, Hong Kong has seen a continued growth of inbound travelers following the launch of global campaigns by the Hong Kong Tourism Board (HKTB) to welcome visitors from all around the world.
As the city's tourism promotion organization, the Hong Kong Tourism Board attracts visitors to Hong Kong through various global promotions and marketing initiatives.

MPay Of Macau Pass Rose Over 200% In Transaction Value And Volume In Japan's Cross-Border Payments In 2024 Q1

Retrieved on:

Wednesday, April 10, 2024

Growth, Finance, Macau Pass, Somatosensory system, Travel, MOP, QR, Statistics, News, EZ-Link, Public Bank Berhad, KakaoPay, Digital technology, GCash, Naver Pay, Marketing, Cryptocurrency

Japan is one of the first countries where MPay has launched cross-border payment services through Alipay+ and is also one of the favorite travel destinations for residents of Macao.

Key Points:

Japan is one of the first countries where MPay has launched cross-border payment services through Alipay+ and is also one of the favorite travel destinations for residents of Macao.
Currently, people from Macao can use MPay to make purchases at cooperating stores in Japan, settle in MOP, and enjoy preferential exchange rates.
According to statistics, in the first quarter of 2024, MPay's transaction volume and number of transactions in Japan increased by over 200% respectively compared to the fourth quarter of 2023.
By working with these partners, Alipay+ provides global tourists with the same seamless digital payment experience they enjoy in their own markets.

Alipay+ Connects 2 Million Merchants in Japan as Global Tourists Travel to the Country for Cherry Blossom Season

Retrieved on:

Thursday, March 28, 2024

Powered by Alipay+, transaction volume made by e-wallets and bank apps in Japan jumped over 200% in the first three weeks of March, compared with the same period in 2023.

Key Points:

Powered by Alipay+, transaction volume made by e-wallets and bank apps in Japan jumped over 200% in the first three weeks of March, compared with the same period in 2023.
“By working with these partners, Alipay+ provides global tourists with a seamless digital payment experience that is the same as in their own markets.
PayPay, a leading cashless payment service and partner of Alipay+ in Japan, supports the merchants, facilitating seamless transactions for both locals and tourists alike.
Our partnership with Alipay+ has seen transactions surge sixfold this year, specifically in Japan, a true testament to our dedication to innovative payment solutions.

Ant International Kicks Off Global Campaign for UEFA EURO 2024

Retrieved on:

Thursday, March 14, 2024

As an Official Partner of the UEFA EURO 2024, the 17th edition of the international football championship organized by Union of European Football Associations (UEFA), Ant International kicks off a global campaign across its businesses – Alipay+, Antom and WorldFirst – to engage and celebrate with fans globally in the lead up to one of the biggest sporting events of the year.

Key Points:

As an Official Partner of the UEFA EURO 2024, the 17th edition of the international football championship organized by Union of European Football Associations (UEFA), Ant International kicks off a global campaign across its businesses – Alipay+, Antom and WorldFirst – to engage and celebrate with fans globally in the lead up to one of the biggest sporting events of the year.
“Nothing brings people closer together than travel, trade, and a legendary sport like football,” said Douglas Feagin, President of Ant International.
“For European businesses, global enthusiasm over UEFA EURO 2024 brings not only international tourism revenue, but also the opportunity to grow their customer base.
Alipay+ has launched an in-app UEFA EURO 2024 fan zone exclusively for users of AlipayHK, Touch ‘n Go eWallet, TrueMoney, GCash and DANA.

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Retrieved on:

Wednesday, March 13, 2024

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Key Points:

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year
(Hong Kong, February 23, 2024) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code: 8279) today announced its second interim results for the twelve months ended December 31, 2023.
• EBITDA of the Group for the 12-Month Period was approximately HK$39.5 million (Twelve months ended December 31, 2022: Negative EBITDA of approximately HK$37.7 million).
The profit for the 12-Month Period was approximately HK$29 million (12 months ended December 31, 2022: loss of approximately HK$131 million).
The change from operating loss to profit was mainly due to: (1) the increase in total revenue; (2) the increase in net finance income.

Hecto Financial Unveils Revolutionary Solution for Cross-Border Transactions

Retrieved on:

Wednesday, February 28, 2024

KRW, KakaoPay, Headache, USD, Multimedia, Video, Government, MAMS, Safety, Naver Pay, FX, Cryptocurrency

Hecto Financial's MAMS offers a comprehensive 3-in-One settlement solution, enabling businesses to manage receivables, payables, and foreign exchange seamlessly.

Key Points:

Hecto Financial's MAMS offers a comprehensive 3-in-One settlement solution, enabling businesses to manage receivables, payables, and foreign exchange seamlessly.
Clients only need to obtain access to Hecto Financial's MAMS to handle pay-ins and pay-outs with local Korean partners.
With over two decades of experience in the virtual account domain, Hecto Financial is a frontrunner in Korea in this regard.
Hecto Financial's MAMS stands as a testament to the company's unwavering commitment to simplifying cross-border transactions for businesses operating in Korea.

Ant Group Introduces 10 Asian E-Wallets to Chinese Mainland in Major Expansion of Alipay+ Cross-Border Mobile Payment Ecosystem

Retrieved on:

Tuesday, September 19, 2023

View the full release here: https://www.businesswire.com/news/home/20230918947937/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230918947937/en/
The new additions bring the total number of overseas e-wallets accepted in the Chinese mainland to 10.
A suite of cross-border mobile payment, marketing and digitalization solutions developed by the International Business Group of Ant Group, Alipay+ enables payment partners to connect global and local merchants to cross-border digital consumers.
Ant Group is rolling out extensive merchants’ education and marketing campaigns across the Chinese mainland, especially in the top tourist cities, to welcome Asian athletes, fans and travelers.
“A growing variety of mobile payment providers are joining this ecosystem of cross-border digital commerce, from mobile wallets, to banking apps, independent merchant apps and super-apps.

South Korea Buy Now Pay Later Markets Report 2022-2028: e-Commerce and Fintech Firms are Using BNPL as a Marketing Tool to Gain More Traffic for their Services - ResearchAndMarkets.com

Retrieved on:

Tuesday, November 22, 2022

Retail, Other Retail, Spend, Atomè, Pace, Naver Pay, Partnership, Traction, Hyundai Card, Growth, KakaoPay, Operational definition, NHN, Shinhan Bank, Video game, Online shopping, Renting, Health care, Financial technology

Over the last two years, the buy now pay later (BNPL) segment has recorded strong growth in the global market.

Key Points:

Over the last two years, the buy now pay later (BNPL) segment has recorded strong growth in the global market.
With its success among the merchants and consumers, several Fintech firms have entered the space to gain market share in the flourishing industry.
While the industry has recorded strong growth globally, it is still in its nascent stage of development in South Korea.
To build customer loyalty and drive more traffic for their services in South Korea, e-commerce and Fintech firms are using BNPL as a marketing tool in the country.

South Korea Buy Now Pay Later Market Report 2021: BNPL Payments are Expected to Grow by 68.4% to Reach $5,431.6 Billion in 2021 - Forecast to 2028 - ResearchAndMarkets.com

Retrieved on:

Friday, October 15, 2021

Retail, Online Retail, Professional Services, Finance, Spend, Industry, Adoption, CAGR, Growth, Digital, KakaoPay, Operational definition, Consumer, Education, Naver Pay, Video game, Online shopping

According to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 68.4% on annual basis to reach US$ 5,431.6 million in 2021.

Key Points:

According to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 68.4% on annual basis to reach US$ 5,431.6 million in 2021.
In South Korea, consumers are increasingly adopting digital payment methods such as e-wallets and buy now pay later (BNPL) schemes.
The increase in the pay later limit is expected to boost deferred payment services in South Korea.
South Korea Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
South Korea Buy Now Pay Later in Retail Shopping: Market Size and Forecast
South Korea Buy Now Pay Later in Home Improvement: Market Size and Forecast
South Korea Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast
South Korea Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast
South Korea Buy Now Pay Later in Education: Market Size and Forecast
South Korea Buy Now Pay Later in Automotive: Market Size and Forecast
View source version on businesswire.com: https://www.businesswire.com/news/home/20211015005238/en/

South Korea Buy Now Pay Later (BNPL) Markets and Investment Opportunities Report 2021-2028 Featuring Naver Pay & Kakao pay

Retrieved on:

Wednesday, October 13, 2021

Spend, Industry, Financial technology, Adoption, CAGR, Growth, Digital, Volume, KakaoPay, Operational definition, Naver, Drawing, Consumer, Education, Naver Pay, Video game, Online shopping, Cryptocurrency, Marketing

In South Korea, consumers are increasingly adopting digital payment methods such as e-wallets and buy now pay later (BNPL) schemes.

Key Points:

In South Korea, consumers are increasingly adopting digital payment methods such as e-wallets and buy now pay later (BNPL) schemes.
Digital wallets such as Naver Pay and Kakao pay both offer deferred payments services for South Korean consumers.
In-depth Understanding of Buy Now Pay Later Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).
South Korea Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
South Korea Buy Now Pay Later in Retail Shopping: Market Size and Forecast
South Korea Buy Now Pay Later in Home Improvement: Market Size and Forecast
South Korea Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast
South Korea Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast
South Korea Buy Now Pay Later in Education: Market Size and Forecast
South Korea Buy Now Pay Later in Automotive: Market Size and Forecast