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    Cross border

    News about Cross border.

    OCBC bank in local and cross-border blockchain payments trial

    November 17th, 2016

    Singapore’s OCBC Bank says it has become the first bank in South East Asia to use blockchain technology in national and international payments. A pilot payment transaction took place on 8 November, involving a cross-border funds transfer between OCBC Bank and OCBC Malaysia, and a local funds transfer between OCBC Bank and Bank of Singapore. “This is a milestone not only for us but for Singapore as Asia’s financial hub as we pave the way to revolutionising the traditional cross-border payments model,” says Praveen Raina from OCBC Bank.

    Nine out of 10 commercial banks exploring blockchain for payments, survey finds

    October 28th, 2016

    Nine out of 10 US, European and Canadian commercial banks are exploring the use of blockchain technology for payments, according to a survey of 32 top banking professionals by Accenture. Some 30% of banks are… More

    Alipay 9 launches with support for Koubei merchant payments and P2P transfers

    July 8th, 2015

    Ant Financial has released a new version of its Alipay app for iOS and Android, adding new Friends and Merchants tabs that provide support for peer-to-peer payments and for Koubei, the US$1bn mobile commerce joint venture between Ant Financial and Alibaba that was announced last month. More

    Mozido buys PayEase

    February 10th, 2015

    Mobile payments platform provider Mozido has acquired Chinese cross-border payment gateway provider PayEase with the aim of introducing its mobile payments and retail marketing solutions into the Chinese market. The move follows the company’s acquisition of mobile commerce specialist CorFire in December 2014 and a US$2.5m investment in SimplyTapp last week.

    White paper explores the role of TSMs in cross-border NFC payments

    October 29th, 2014

    A 26-page white paper that explores the role of the trusted service manager (TSM) and whether they can help or hinder the globalisation of NFC services is now available for download in the NFC World+… More

    JCB to launch NFC payments in 2015

    July 1st, 2014

    Japan-based payments network JCB is to begin testing a contactless payments service in Tokyo this month, ahead of a commercial rollout in 2015. “In addition to plastic cards, J/Speedy can be issued for a wide… More

    Jetco picks Gemalto for NFC payments

    February 13th, 2014

    Hong Kong’s Joint Electronic Teller Services Limited — Jetco — is to use Gemalto’s LinqUs trusted service management platform for the NFC payments service it is to offer consumers via its 30 member banks. “Jetco… More

    Visa certifies OTI NFC add-on

    February 6th, 2014

    OTI has received Visa certification for its Wave NFC add-on, a device that plugs into the audio jack of a smartphone, tablet or PC to enable NFC payments. Wave is already certified by MasterCard and is to be used for cross-border mobile payments by a group of banks in Hong Kong, Macau and Taiwan.

    Bank of China launches NFC payments in Hong Kong

    October 10th, 2013

    Bank of China (Hong Kong) is to introduce a microSD card based NFC payments service before the end of the year. Selected customers will be able to use the BOC e-Wallet Mobile Payments Service “from… More

    SoftBank Mobile to launch NFC in Japan

    June 12th, 2013

    SoftBank Mobile has selected Gemalto as its trusted service manager for the commercial launch of NFC services in Japan. The carrier’s NFC platform will be hosted at Gemalto’s data centre in Singapore and run on… More

    Japan, China and Korea to get international NFC roaming

    February 25th, 2013

    Mobile network operators in the three countries have agreed technical specifications that will enable consumers to make use of NFC payments and other services in both their home country and abroad. More

    NTT Docomo and KT to begin international NFC payments service

    October 10th, 2012

    “Docomo and KT plan to share the results of their commercial endeavor with global associations and standardization bodies, aiming to promote the realization of a commercial environment for globally compatible NFC services,” the Japanese and Korean carriers say. More

    Japanese and Korean carriers to launch cross-border NFC coupons

    March 13th, 2012

    The first international NFC marketing service is to go live on 1 April, allowing customers of NTT Docomo and KT to collect and redeem special offers from NFC posters in both Japan and Korea — and payments and ticketing services as well as the participation of carriers in additional Asian countries are set to follow. More