Naver, Coupang and Kakao expanded fast in line with the explosive growth of their online shops and merchandizing due to simpler access and payment over other payment options.…
.
Your one-stop source for retail intelligence in Asia
Australia’s Afterpay sells minority stake to Tencent, eyes Asia entry
Australian digital payments firm Afterpay announced its sale of a minority stake to Chinese conglomerate Tencent for AU$300 million.…
Klarna launches in Australia
Klarna, the global payments and shopping provider, officially launches in Australia by introducing the Klarna Shopping app.…
Shinsegae Duty Free adds WeChat Pay facial recognition payments
Shinsegae Duty Free has added WeChat Pay facial recognition payments for the first time outside Greater China in some of its stores enabling Chinese customers to pay without cash, card, or a mobile ph…
Alipay partners with Russia’s Mail.ru
Alipay, one of China’s dominant digital payments providers, has teamed up with Russian internet firm Mail.ru in an e-wallet joint venture to develop digital payments in the country.…
The Shilla Online Duty Free launches Shilla Pay
The Shilla Online Duty Free has launched a new payment service, Shilla Pay, in collaboration with eBay Korea, the leading e-commerce company in Korea.…
WhatsApp wants to launch payments service in Indonesia
Social media messaging service WhatsApp is planning to launch a digital payment service in Indonesia, with the U.S. firm in talks with several local payment platforms, sources have revealed to Reuters…
Starbucks is Koreans’ favorite coffee brand
Starbucks remains the most favorite coffee and beverage house for Korean consumers.…
Alibaba invests $100m in Russian e-commerce
China’s e-commerce giant Alibaba and Russia’s RDIF sovereign wealth fund will each invest $100 million in a Russian joint venture, RDIF said.…
Cashless payments to reach 60% by 2027, already popular among young
Japan is embracing cashless payments wholeheartedly, and the government’s target to reduce the ratio of cash to other mechanisms to 40% by 2027 could be reached early.…