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Business 05 Oct 2012 | 12:00 AM Premium

MOL Global targets payment volume at RM3b by end-2013

MOL Global Pte Ltd, the owner of payment services provider, MOL AccessPortal Sdn Bhd, expects to double its payment volume to RM3bil by end-2013 and RM6bil by 2014.

TECH 12 Feb 2014 | 9:00 AM Premium

Alibaba payment arm says it handled US$148bil in transactions in 2013

The payment affiliate of Alibaba Group Holding Co, China's biggest e-commerce company, said on Saturday it completed more mobile payment transactions in 2013 than US-based PayPal and Square Inc combined.

Economy 18 Mar 2014 | 5:57 PM Premium

China central bank mulls Alibaba, Tencent payment curb

BEIJING: China's central bank is considering regulations that would significantly limit the use of third-party payment systems, including the payment arms of Alibaba Holding Group and Tencent Holdings Ltd.

TECH 18 Apr 2014 | 4:28 PM Premium

China issues banking rules to strengthen online payment security

China will limit the amount of money consumers can transfer to third-party online payment platforms, aiming to protect banks and consumers from fraud amid an explosion of online and mobile payment transactions.

AseanPlus News 18 Feb 2015 | 4:30 PM Premium

China’s Web giants do battle over ‘hong bao’ ahead of New Year

BEIJING, Feb 18, 2015 (AFP) - The Chinese tradition of giving gifts of money in red envelopes at Lunar New Year has turned into big business for Web giants Alibaba and Tencent, which now both offer electronic “hong bao”.

TECH 24 Feb 2015 | 5:13 PM Premium

China’s Web giants do battle over ‘hong bao’ for New Year

The Chinese tradition of giving gifts of money in red envelopes at Lunar New Year has turned into big business for Web giants Alibaba and Tencent, which now both offer electronic hong bao.

AseanPlus News 19 May 2017 | 12:00 AM Premium

Response team: Ransomware attack is under control

BEIJING: The number of computers in China under attack from ransomware dropped from Monday to Tuesday to 213,000 per hour on average from more than twice that at 520,000 per hour from Saturday to Sunday, according to data released by the National Computer Network Emergency Response Technical Team/Coordination Centre of China.

Smebiz 25 Sep 2017 | 12:00 AM Premium

A more secure authentication system with biometrics

THE global explosion of digital and mobile payments is driving the need for a more secure authentication system.

Corporate News 18 Dec 2017 | 12:00 AM Premium

Alipay, Wechat Pay shake up payments market

HONG KONG: Three years ago cash was still king in China – until Alipay and WeChat Pay shook up the entire ecosystem.

Business 21 Feb 2018 | 12:00 AM Premium

Temenos in talks to buy UK-based Fidessa Group for about US$2bil

BERLIN: Temenos Group AG is having another crack at a big UK deal.