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A TOTAL of 25.1 million mobile payment transactions has been recorded with a volume of RM725.8mil in the first quarter of this year, says Deputy Finance Minister Datuk Amiruddin Hamzah.
KUALA LUMPUR: A total of 25.126 million mobile payment transactions worth RM725.8mil have been recorded in the first quarter of this year, says Deputy Finance Minister Datuk Amiruddin Hamzah.
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.
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.
KUALA LUMPUR: RAM Rating sees a consolidation of mobile payments industry as most of the are still loss-making desite the increase in the number and value of payment transactions.
PETALING JAYA: The increasing popularity of mobile payment due to the high mobile penetration rate is not seen as a material threat to Malaysian banks, according to RAM Ratings.
Beijing Inspiry Technology Co is among companies cashing in on the shift to smartphone-based mobile payments in China.
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.