Former Bank Negara governor dies
MALAYSIA: Tan Sri Ali Abul Hassan Sulaiman, a former Bank Negara governor passed away at age 71 in his own residence located at Kemensah Heights yesterday due to heart and lung complications, BERNAMA reported.
MOLPay expands its physical payment to Singapore via SingPost
MALAYSIA: Local online payment service provider MOLPay yesterday announced its partnership with Singapore Post Limited (SingPost), allowing its merchants to collect payments from Singaporean consumers via SingPost’s Self-service Automated Machines (SAM) at over 300 locations. SAM is a 24-hour automated post office that allows residents in Singapore to weigh packages, buy stamps, or even pay off their bills and fines with easy...
Naver may launch Line messenger with e-commerce function
JAPAN: The popular search portal in South Korea, Naver may enable e-commerce function for its Line mobile messenger application to boost sales from the service, the Bloomberg reported. Line currently has more than 100 million users globally and grows faster than Facebook.
Overstock offers Visa’s V.me as payment checkout option
US: Visa Inc on Wednesday announced that Overstock.com, an online discount retailer with annual online sales of more than one billion dollars, has added Visa’s digital wallet, V.me in its checkout option, enabling customers checkout using only a username and password. 1-800-Flowers.com, LivingSocial, Newegg.com are the other leading online merchants implemented V.me in their...
ASUS will unveils its All-in-One PC cum Tablet on March 27
MALAYSIA: ASUS, a Taiwanese multinational computer hardware and electronics company will launch its ‘All-in-One PC cum Tablet’ for Malaysia market in Kuala Lumpur this Wednesday.
Naver teams up with Nokia to enable LINE in Nokia’s “Asha” devices
MALAYSIA: LINE messenger operator Naver, via its blog, has announced that they have teamed up with Nokia to make LINE available on Nokia’s “Asha” devices this month in China, Malaysia, Indonesia, Thai, Vietnam, the Philippines, Cambodia, Taiwan, Hong Kong, Singapore, New Zealand and Australia. The new version of LINE will include the popular 1 to 1 chat feature as well as 4 types of sticker sets (Moon, Cony, brown and...
Sina Corp to launch WeiboPay online payment service in April 2013
CHINA: Sina Corp, an online media company serving China and the global Chinese communities will launch its online payment service namely WeiboPay in April this year to translate its heavy web traffic into revenue, the China Daily reported. WeiboPay will be a similar payment service like Alipay. According to Hong Lizhou, the general manager at Sina Corp, they have more than 500 million registered users on their micro-blogging service...
Skrill USA appoints Neil Steinhardt as new CEO
UK: The global payment provider Skrill has appointed Neil Steinhardt, Managing Director of paysafecard.com USA Inc, as CEO of Skrill USA, Inc. Steinhardt will be responsible to oversee the successful consolidation of the two enterprises (Skrill and paysafecard USA) through centralised activities in New York and guiding the strategic direction of both companies and further developing its go-to-market...
PayPal to enter Lebanon and Egypt market in 2013
LEBANON: PayPal will launch its online payment service in Lebanon and Egypt next year, the Daily Star reported. PayPal is currently available in the Cooperation Council of the Arab States of th Gulf (GCC), Yemen, Morocco, Tunisia and Algeria. According to PayPal, e-commerce in the MENA region was a 9 billion industry in 2012 and is projected to reach 15 billion by 2015. PayPal aims to increase its market share in the region from 5 per...
Visa card holders spent in travelling increases 6% in 2012
US: According to VisaVue Travel data released on Wednesday by Visa Inc, spending by Visa account holders travelling to Brazil, Canada, Mexico and United States jumped 6 per cent to RM177.34 billion (US$57 billion) compared to 2011. The recent VisaVue Travel Data also shows: China knocked the U.K. out of the top three inbound countries traveling to the U.S. for the first time since 2009 – increasing travel spend by 30 per cent compared...
