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Gulf Capital acquires fintech firm Saudi Geidea

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07-May-18 Gulf Capital has acquired a strategic stake in fintech firm Saudi Geidea to boost its presence in the payment and digital financial transactions sector in the GCC. The total value of the transaction is AED978 mn (USD266 mn). [image: Geidea]

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Singapore aims small to make it big in cashless drive

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01-May-18 To accelerate its cashless initiatives, Singapore is focusing on driving its efforts towards SMEs who make up 99% of the businesses in Singapore. However, cash payments make up nearly 60% of transactions. [image: Shutterstock / Techwire Asia]

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How travelers are dictating where mobile wallets expand globally

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25-Apr-18 Chinese players Alipay and WeChat are powering many digital purchase transactions in China and now abroad. These digital wallets are moving west, as the spending power of China's residents grows and the government allows travel to more destinations. [image: Shiho Fukada / Bloomberg]

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Apple lets Siri integrate with Alipay in China

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20-Apr-18 Apple will allow Siri to support voice commands for Alibaba's Alipay, meaning users will be able to tell Siri to open the Alipay payment screen directly - an acknowledgement that Chinese players are miles ahead on payments. [image: South China Morning Post]

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