However, the growth of the republic's e-commerce market is expected to slow as most of its internet users are already shopping online.
Banks and financial tech companies are increasingly embracing blockchain’s native capabilities as the basis for cross-border payment networks.
This service is powered by IDEAL RAPID, an application programming interface (API) capability from DBS Bank.
The solution is already processing live transactions in 12 currency corridors across the Pacific Islands and Australia, New Zealand and the United Kingdom.
IBM unveiled a cross-border blockchain payments service with a Polynesian payments system provider designed to improve efficiency and reduce the cost of making global payments for business and consumers.
Besides being a payment platform, QPay is also an advertising channel that helps drive footfall to merchants' offline stores.
The precise reason for its recent boost is unclear.
Intel says that the Saffron’s associative memory AI simulates a human’s natural ability to learn
CIOs at Sprint, Xylem, JetBlue and other leading organisations are spearheading digital initiatives to drive business growth. These digital transformation examples detail IT leaders’ strategies, implementations and challenges.
The new service also allows customers to add new payees to their accounts and transfer money.
Following the integration of mobile wallets, PayMaya and GCash, to the instant messaging app.
As such, nearly half of the senior industry executives polled globally cited Asia as the best region to start a payments business.
Consumers in emerging markets are also increasingly using advanced digital payment options, such as QR codes, according to Mastercard's study.
Customers of Mercato can now pay their purchases using GCash.
The company has launched its unified QR code payments platform in Australia, and is working towards bringing it to Singapore and the region.
Proposes the development of a common e-payment framework and a cloud-based e-wallet called RazerPay.
The service by Alipay uses facial scanning and mobile phone numbers to authenticate payments.
Here's everything you need to know about Apple Pay, including how to use it on your iPhone, iPad, Apple Watch, and Mac, and what stores and apps accept it.
Digital payments also enable businesses to generate more income streams, according to PayPal's study.
Payments will be possible with Fitbit's Ionic smartwatch.