Thailand Mobile Payments News

Related Digital Commerce Industry News

• November 2021 - DoorDash Inc., DoorDash Inc said it's buying Finnish food-delivery startup Wolt Enterprises Oy for about USD 8 billion. The biggest meal-delivery service in the U.S. said it's buying Finnish food-delivery startup Wolt Enterprises Oy for about $8 billion as it seeks to stay ahead of rivals in the race to satisfy soaring demand for the fast delivery of everything from food to prescriptions and pet supplies.
• June 2021 - Uber has been pushing itself beyond ride-hailing and has seen strength in its Uber Eats business due to the Covid-19 pandemic.

• August 2023 - PayPal announced the launch of stablecoin digital currency, which will be backed by US dollars and used for transactions on its global online payments platform. The stablecoin, known as PayPal USD, will be issued by Paxos Trust Co. and will be backed by US dollar deposits and short-term US Treasuries.
• September 2023 - PayPal introduces Web3 Payment On and Off Ramps. With this launch, the company will connect their customers' ability to buy and sell supported cryptocurrency in the United States to the PayPal On and Off Ramps. It will assist web3 merchants in expanding their user base by connecting them to PayPal's quick and seamless payment experience.

• November 2023: ACI Worldwide and Mexipay have joined forces to encourage the adoption of real-time payments in Mexico. Through this partnership, Mexipay will utilize ACI's payment platform to offer ISO 20022 real-time payments and other payment services in Mexico. This collaboration will enable Mexipay to access smaller banks and merchants, delivering managed services to the market by implementing and operating our platform built around ACI's solutions.
• September 2023: Mexico's payment fintech, Clara, plans to expand its operations to Brazil following its successful acquisition of a central bank license. This strategic move is anticipated to greatly boost the company's growth, with Brazil expected to become its primary market in the near future. Clara, a renowned fintech in Mexico, specializes in offering corporate cards and expense management software to businesses throughout Latin America. It currently processes monthly transactions in Brazil amounting to approximately BRL 100 million, equivalent to nearly USD 20 million.

• March 2023: The South African Reserve Bank (SARB) has announced the launch of PayShap, a real-time rapid payment platform that aims to provide South Africans with safer, quicker, and noticeably more comfortable payment choices. BankservAfrica, the Payments Association of South Africa, and the South African banking community collaborated across industries to create PayShap to modernize the domestic payments business.
• February 2022: ACI Worldwide partnered with one of South Africa's leading financial services providers, Nedbank, to drive its digital transformation journey, including real-time payments. As part of the migration, Nedbank was expected to utilize ACI Low-Value Real-Time Payments, enabling the bank to offer real-time mobile payments to its customers.

• September 2023: Apple expanded its Tap to Pay feature across Brazil. It is a feature on the iPhone where a merchant can use an iPhone as a POS system that can be used for payments. A customer can then use their iPhone and pay with Apple Pay. The launch is a part of the company's aim to democratize access to advanced payment services and offer merchants the ability to accept payments quickly.
• July 2023: PagBrasil launched a mobile POS solution with real-time currency exchange. The mobile POS service allows the citizens of Brazil to pay for in-store purchases with Pix, benefiting from real-time currency exchange and lower transactional costs.

• April 2023: Getnet Restaurants, a joint venture between Getnet México and Pacto, has been established. The partnership between Getnet and Pacto provides a comprehensive, integrated point-of-sale (POS) solution, including automatic payment reconciliation and mobile ordering capabilities, utilizing Getnet's advanced smart bank terminal.
• May 2022: Toshiba unveiled mobile POS, flexible self-service solutions, and frictionless retail technologies at Eurocis 2022. Toshiba demonstrated how payment is made fast and securely on mobile devices or mPOS using pin-on-glass technology. In this technology, the PIN is entered directly through the surface of the smart device, such as a tablet or smartphone, instead of a devoted PIN entry device.

• May 2023: Axis Bank created a special " Sarathi " system that helps merchants set up electronic payment systems quickly and easily. With this system, merchants can use electronic devices to accept payments from customers. The system also checks important information and verifies it through live video. This makes the application process faster and easier, and merchants can use the payment system within 45 minutes.
• April 2022: Worldline introduced the LINURA LP 7220, one of the most powerful LINUX-based 4G POS terminals, with the highest security protocol, a Dual Core Cortex CPU, and 256MB RAM, to improve the in-store digital payment experience in India. This is an additional step to improve the in-store payment experience for both businesses and customers.

• November 2022 - Bulgaria's POS system Phos announced that it had formed a partnership with global acquirer Elavo to offer the US and Canada an independant solution for tappayments. This solution allows independent software vendorsISVs and Independent Sales Organisations in North America to use a portable payment terminal which can be converted for contactless payments.
• September 2022 - Prophius is announcing that it has launched its PayContactless solution, compliant with MasterCard's Contactless Acceptance System which will turn any NFC enabled Android device into a physical point of sale. With no additional hardware or installation costs, the PayContactless solution enables Android phones to be transformed into secure payment terminals that accept contactless cards, mobile wallets and even smartwatches.
• August 2022 - The Bank of New Zealand (BNZ) launched BNZ Pay, a mobile app for merchants/retailers that transforms an Android device into a contactless payment terminal. Developed with Quest Payment Systems and Visa, BNZ Pay is being launched with no monthly costs to retailers who settle into a BNZ account until January 2024.

• May 2022 - To roll out a new version of QR Pay in the mobile apps of 35 banks around the country, e-wallet SmartPay collaborated with Viet Capital Bank. The National Payment Services Corporation (Napas), which developed the VietQR (QR code standard), was used to create the current configuration of the QR Pay function. The collaboration would enable all users of the banks' mobile applications to scan the new QR code and make real-time payments at any of SmartPay's 667,000 payment locations.
• August 2023 - Visa, a provider of digital payments, has launched Apple Pay in the Vietnamese market. The move is seen as a significant milestone in the advancement of cashless payments in Vietnam and will see substantial banks supporting the service from its launch, including VPBank, Military Commercial Joint Stock Bank (MB), Asia Commercial Joint Stock Bank (ACB), Sacombank, Techcombank, and Vietcombank. For the first time, customers can now use Apple Pay with their Visa card and experience a seamless and secure payment method, further enhancing the convenience of digital transactions.

• November 2022: Geidea announced the launch of an integrated point-of-sales solution in Saudi Arabia to revolutionize payment and business processes for food & beverage operations. The fully integrated, new-generation, cloud-based POS system can respond to ever-evolving customer needs and dynamic market conditions. It is available for cafes, full dining, food trucks, quick service, and cloud kitchens and is compatible with all of Geidea's payment solutions.
• August 2022: Saudi Central Bank (SAMA) announced the launch of a point of sale (POS) service between the Saudi payments network (Mada) and Qatar's National ATM and POS Switch (NAPS). The service was launched following successful technical trials between the two networks. The new service will enable Mada and NAPS cardholders to carry out POS transactions in the two countries through the Gulf Payments Network (GCCNET).