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Alibaba-backed facial recognition startup Megvii raises $750 million

One of China’s most ambitious artificial intelligence startups, Megvii, more commonly known for its facial recognition brand Face++, announced Wednesday that it has raised...

China wants its rural villages to go cashless by 2020

Residents of even the tiniest far-flung villages in China may soon be able to pay on their phones to run daily errands as Beijing...

PayPal shutters Malaysia office as part of customer service reorg

Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The office, located in capital city...

Ola to Roll Out its Postpaid Payment Service for All Users

Cab-hailing app Ola on Thursday said it will roll out its digital credit/postpaid payment service ‘Ola Money Postpaid’ to all its 150 million users...

WeChat is quietly ranking user behavior to play catch-up with Alibaba

Over one billion people leave behind trails of information on WeChat every day as they use the messenger to chat, read, shop, hail rides,...

Moglix raises $23M to digitize India’s manufacturing supply chain

We hear a lot about India’s e-commerce battle between Walmart, which bought Flipkart for $17 billion, and Amazon. But over in the B2B space,...

WeChat e-wallet teams up with Line to target Japan’s 7M Chinese...

China’s biggest chat app WeChat is set to make its payments service more ubiquitous in Japan, a popular outbound desitnation for Chinese tourists. On Tuesday,...

Tencent e-wallet is following Alibaba to Hong Kong subways

China’s payments giants have taken their battle to Hong Kong. Less than a week after Ant Financial announced adding QR codes to the city’s...

Hong Kong is adding QR code payments to its subway stations

A new dispatch from our ‘QR Codes Are Very Much Alive In Asia’ reporting program: Hong Kong’s subway system will soon allow its commuters...

WhatsApp May Rope in Ex-Paytm Executive As Head of its Payments...

Home Company Leaderships   WhatsApp, along with its payment unit, is on verge of completing its India leadership team and for same the Facebook-owned messaging firm...