Payments Research

Jul

AMTD will take controlling stake in FOMO Pay

AMTD is stepping up efforts to build a regional fintech ecosystem in Southeast Asia and plans to take a controlling stake in Singapore’s FOMO Pay, a payments solution provider. The FOMO Pay deal follows AMTD’s recent acquisitions of the leading insurtech PolicyPal, and CapBridge, Singapore’s first regulated securities exchange for digital…

Jul

China Payments Research

Amex may have an edge over U.S. rivals in China payments

China’s payments market is so big that U.S. credit-card giants reckon it’s better to arrive late to the party than never. Although China’s fintech giants Ant Group and Tencent control about 90% of the US$27 trillion payments market, the remaining 10%, at US$2.7 trillion, is not exactly chump change. Among…

Jul

India Payments Research

Is India picking winners among fintechs?

China and the U.S. have both invested big in Indian fintech. Google Pay is one of the most popular digital wallets in the country, along with Walmart-backed PhonePe and Alibaba-backed Paytm. Facebook recently invested in India’s Jio in a bid to build the subcontinent’s first super app. There’s just one…

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