As Southeast Asia’s largest economy by GDP (US$932 billion ) and the most populated market (264 million ), Indonesia has been attracting technology companies to start or expand their business in the country. While cash is the dominant payment method,… Continue Reading →
With some pundits pricing Bitcoin at US$100,000 in the next 18 months, time to wake up!
Self-service ordering and payment kiosks, initially deployed by McDonalds and Golden Village Cinemas, are now widely available among fast food franchises in Singapore. In fact, they have mushroomed across the food & beverage (F&B) sector, especially among the chain establishments…. Continue Reading →
In part one of this article, we wrote about the background of mobile payment platforms in China. In this second part, we talk about how these platforms work and the benefit to their providers. So, how (and why) do these… Continue Reading →
The state-owned banking network in China has long been criticised for blocking innovation; however, without their support, third-party payment platforms such as Alipay would not have been able to flourish like they are now. Unfortunately, many commentators have overlooked this… Continue Reading →
So GrabPay appointed a new CTO, Vikas Agrawal, who was previously with Paytm. Agrawal is to be based in Bangalore, more than 3000 kilometres away from Grab’s headquarters in Singapore. This came less than a month after Grab (finally) filled… Continue Reading →
We came across this at a florist in Singapore. What does this tell us? Some of our thoughts: Alipay and WeChat Pay are very present in Singapore – and many other cities in Southeast Asia Chinese tourists frequent. GrabPay is… Continue Reading →
Who owns the future? The governments or the internet giants (or someone else)? In the first two parts of this analysis, we discussed why we couldn’t exactly replicate Alipay and Wechat in Southeast Asia and examined plausible and implausible use… Continue Reading →