Singapore 

2XU Compression Run 2019 organiser delays release of runners’ race results due to payment issues, Singapore News

Runners are frustrated with the organiser of the recent 2XU Compression Run Singapore 2019 for withholding race results because of payment issues with its distributor. A Stomp contributor who participated in the 10km race alerted Stomp to the situation. The run, organised by Pink Apple Events, was held on Apr 7. Participants expected race results to be published on the event’s website three working days later (Apr 10). However, runners are still unable to access their results. The race results page on their website features an announcement saying that the…

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Vietnam 

MPOS mobile card payment leads the growth of payment channels in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The amount of MPOS payment points accounted for 9 per cent in the card acceptance network nationwide. — Photo tapchitaichinh.vn HÀ NỘI — 2018 was the year witnessing the outstanding development of the new payment method via mPOS device. There was 27,500 places accepting payment via mPOS, posting 99 per cent year-on-year increase, according to the Việt Nam Bank Card Association (VNBA). The amount of MPOS payment points accounted for 9 per cent in the card acceptance network nationwide. Data from the VNBA’s annual report in 2018 also showed that…

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Vietnam 

Vietjet advances second dividend payment of 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Food and drink being served on a Vietjet flight. — VNS Photo HCM CITY — Vietjet has agreed to advance a 10 per cent cash dividend payment to its shareholders, equivalent to more than VNĐ542 billion (US$23.3 million). The additional payment means the company’s shareholders will receive nearly VNĐ1.62 trillion ($70 million) for the fiscal year 2018. Registration for the payment runs until April 24, Vietjet said in a statement. The airline plans to pay a dividend rate of 50 per cent both in shares and cash for the…

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Home 

Baidu, Chery launch electric car with face-scanning payment, AR navigation features

Baidu, China’s largest internet search services provider and a national champion in artificial intelligence, has jointly launched with Chery Automobile its first production-model electric vehicle built with an AI operating system, escalating efforts by domestic car manufacturers to embed more advanced technologies into their products.A new version of the Exeed TX, an electric sports utility vehicle that Chery first sold in China last year, will have Baidu’s DuerOS, an AI platform that supports… Source link

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Home 

Chinese investment giant CMIG misses bond payment, sending shockwaves through US$11 trillion market

An investment giant backed by dozens of the biggest Chinese firms and dubbed the “the aircraft carrier of China’s private companies” by local media has partly suspended trading of its bonds after missing a repayment. The case underlines the mounting pressure in the country’s US$11 trillion bond market, said analysts, as a liquidity crunch forces an increasing number of heavily indebted companies to the brink of default. China Minsheng Investment Group (CMIG) has stopped taking bids for three of its bonds “due to recent price volatilities”, according to a filing…

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Vietnam 

PM agrees to the use of telecommunication accounts for payment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Leaders of telecommunication enterprises expect to participate in e-payment services. — Photo zing.vn Viet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc said the Government had agreed to pilot the use of mobile phone accounts to pay for goods and services. Speaking at a conference with the Ministry of Information and Communications on Tuesday, the Prime Minister asked units to begin the use of payments via mobile phone. “The government agrees to the use of telecommunication accounts in order to boost e-payment services, making it…

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Vietnam 

Government intensifies support for non-cash payment methods – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Government has issued measures to boost non-cash payment methods in the country this year. Under Resolution 02/NQ-CP released early this week, the Government required the State Bank of Việt Nam (SBV) to report on a project exploring depositing cash into electronic wallets without bank payment accounts. All commercial banks and payment intermediary providers must also apply QR code standards before the third quarter of this year. SBV was also instructed to co-ordinate with the Ministry of Finance to publicise details…

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Home 

AlipayHK wins bid to provide QR code payment solutions for Hong Kong’s MTR

AlipayHK, the local mobile payments partner of Ant Financial Services, said on Thursday that it has won a bid to provide QR code mobile payment solutions for Hong Kong’s MTR railway system. Commuters will have the option of entering MTR stations by linking their AlipayHK account to a separate MTR app, and scanning a QR code on their smartphones on the readers installed at the entry gates, according to the agreement signed between AlipayHK and MTR Corp. The new QR code method is offered in addition to the use of…

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Ecommerce 

Ant Financial-backed mobile payment firm Mynt seeks Philippine bank partners to grow microloans business

Mynt, the Philippine mobile payment operator part-owned by Ant Financial, is expanding its microloans offering by opening up its platform to bank partners. The move aims to use the risk-management capability of its Chinese shareholder to diversify into the internet finance marketplace. Mynt’s chief executive, Anthony Thomas, said the purchase of a 45 per cent stake by Ant Financial last year has equipped the Manila-based firm with the ability to seek out new revenue sources away from the mobile payment and remittance services run by its licensed operating arm, GCash.…

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