Asia

Singapore-based ride-sharing company Grab is looking to expand its reach in Indonesia through its acquisition of Kudo, an e-commerce platform for unbanked consumers who would be unable to use Grab's own digital payment platform.

For London-based fintech provider Tramonex, seeing so many Chinese tourists visiting the U.K. meant a chance to join the success of WeChat Pay. But how to accomplish this was less clear.

There's been a lot of funding flowing into technology that targets the spending of Chinese travelers as they visit other countries. But this narrow use case isn't the only opportunity for investment and innovation.

Australia's government says the country's large banks cannot collectively bargain with Apple over terms of support for Apple Pay, ending a public battle between Apple and the banks that has lasted at least a year.

Wells Fargo & Co. is expanding its ExpressSend remittance payout network in India to include Axis Bank and, beginning next month, expanding a free-transfer promotion previously available only for those sending at least $500.

WeChat, China’s most popular social media and messaging service, has launched a new bid in Europe and the U.S. to develop its payments offering and win new advertisers.

The next phase of India’s national digital payments initiative begins next month when 20 banks launch Aadhaar Pay, an app enabling merchants to accept payments on smartphones from consumers using biometric authentication.

Swedish startup Truecaller has become the newest entrant in India’s busy digital payments space, via a tie-up with ICICI Bank Ltd. to offer a local mobile-payments service.

Mastercard and Samsung India have partnered to roll out Samsung Pay to millions of customers of Indian banks.

Banks are asking Hong Kong property agents to stop accepting China-issued UnionPay cards, as mainland authorities escalate their crackdown on capital flows out of the country.