Last year was a challenging one for the world, but let’s look forward to the new year with hope. Wishing all our readers a happy 2021, and thank you for walking with us!
Latest News
Ant Group Among Recipients of Singapore Digital Bank Licenses
Singapore has awarded digital bank licenses to several major Asian technology companies including Ant Group, in what is considered one of the biggest shifts of the country’s banking sector in years, opening it to Asia’s largest tech companies for the first time. See the news in the Financial Times.
Alipay and MTR to Launch QR Code Payment Service in January 2021
MTR Corporation and Alipay will launch a brand-new QR code payment service on January 23, 2021. This will enable MTR passengers to use a QR code ticket on the MTR Mobile or EasyGo, promoting smart mobility and enhancing customer experience. Read the press release here.
Tech for Good
Ant Group Predicts Blockchain as Essential Global Recovery
Guofei Jiang, President of Ant’s Intelligent Technology Business Group, penned an op-ed for Ledger Insights explaining how blockchain technology builds trust and has continued to grow, especially in light of a more digitized world resulting from the global Covid-19 pandemic. He predicts that the scalability and security of blockchain technology will help drive progress and innovation across industries. Read the op-ed here.
Around the World
First Bank in Indonesia, BRI, Gets Approval to Accept and Process Alipay Wallet Transactions in the Country
Indonesia’s state lender obtained approval from the Financial Services Authority and Bank Indonesia to act as an acquirer in Alipay e-wallet transactions. The approval is expected to increase cashless transactions by using a local QR code, called a “Standard Quick Response Code (QRIS).” Read more in Jakarta Post.
WorldFirst CEO: Digital Payments to Drive Opportunities in Post-Pandemic World
Jeff Parker, CEO of WorldFirst, an Ant Group subsidiary, opined that Covid-19 has brought lasting changes to global consumer habits from Europe to South and Southeast Asia. He writes that this is powering a digital payments revolution that will bring huge opportunities, especially for SMEs. Read the article in Netherlands-based magazine The Paypers here.
Did You Know?
Deloitte Study Backed by Ant Shows E-commerce Growth in Southeast Asia
At this year’s INCLUSION Fintech Conference organized by Ant Group, Deloitte commissioned a report titled "The Next Wave" Emerging Digital Life in South and Southeast Asia. According to the report, the contribution of e-commerce to Malaysia's GDP has grown steadily, reaching about $28 billion in 2018. Read more in The Edge Markets.
Latest News
Ant Group Among Recipients of Singapore Digital Bank Licenses
Singapore has awarded digital bank licenses to several major Asian technology companies including Ant Group, in what is considered one of the biggest shifts of the country’s banking sector in years, opening it to Asia’s largest tech companies for the first time. See the news in the Financial Times.
Alipay and MTR to Launch QR Code Payment Service in January 2021
MTR Corporation and Alipay will launch a brand-new QR code payment service on January 23, 2021. This will enable MTR passengers to use a QR code ticket on the MTR Mobile or EasyGo, promoting smart mobility and enhancing customer experience. Read the press release here.
Tech for Good
Ant Group Predicts Blockchain as Essential Global Recovery
Guofei Jiang, President of Ant’s Intelligent Technology Business Group, penned an op-ed for Ledger Insights explaining how blockchain technology builds trust and has continued to grow, especially in light of a more digitized world resulting from the global Covid-19 pandemic. He predicts that the scalability and security of blockchain technology will help drive progress and innovation across industries. Read the op-ed here.
Around the World
First Bank in Indonesia, BRI, Gets Approval to Accept and Process Alipay Wallet Transactions in the Country
Indonesia’s state lender obtained approval from the Financial Services Authority and Bank Indonesia to act as an acquirer in Alipay e-wallet transactions. The approval is expected to increase cashless transactions by using a local QR code, called a “Standard Quick Response Code (QRIS).” Read more in Jakarta Post.
WorldFirst CEO: Digital Payments to Drive Opportunities in Post-Pandemic World
Jeff Parker, CEO of WorldFirst, an Ant Group subsidiary, opined that Covid-19 has brought lasting changes to global consumer habits from Europe to South and Southeast Asia. He writes that this is powering a digital payments revolution that will bring huge opportunities, especially for SMEs. Read the article in Netherlands-based magazine The Paypers here.
Did You Know?
Deloitte Study Backed by Ant Shows E-commerce Growth in Southeast Asia
At this year’s INCLUSION Fintech Conference organized by Ant Group, Deloitte commissioned a report titled "The Next Wave" Emerging Digital Life in South and Southeast Asia. According to the report, the contribution of e-commerce to Malaysia's GDP has grown steadily, reaching about $28 billion in 2018. Read more in The Edge Markets.
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