Asia Payments Research

Sep

TECNO: China’s home grown smartphone manufacturer has quietly taken over the African smartphone market

China’s Transsion Holdings, one of the major mobile phone manufacturers in the world and second largest smartphone vendor in Africa is known for owning mobile phone brands TECNO, itel and Infinix. It was the first Chinese smartphone manufacturer to explore the African market and have a smartphone plant in Africa.…

Jun

Asia Payments Research

Ant Financial to Buy 20% Stake in Thailand’s Ascend Money

Ant Financial will purchase 20 percent of Thai payments and online finance provider Ascend Money, with the right to increase its stake to 30 percent, China’s Ministry of Commerce said in a statement on its website.

Jun

Asia Payments Research

WeChat receives warning from Thailand Central Bank, signaling a possible foreign markets dilemma

Over the past few years, Alipay, WeChat, and other mobile financial and non-financial platforms have become ubiquitous in China. This ubiquity has led to a fiercely competitive market, so increasingly these companies have begun to look overseas, expanding into foreign markets including Japan, Korea, and Southeast Asia. Although they are…

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Asia Payments Research