Asia

Paytm, the Indian mobile payments startup backed by Alibaba Group Holding Ltd., has begun its global expansion by launching a mobile bill and tax payment service in Canada.

Operating from Kansas, payments processor Euronet Worldwide has been working furiously—and quietly—on a way to disrupt China-based Ant Financial's deal to buy Dallas-based MoneyGram ever since news broke in January.

A new cap on credit-card transaction fees that comes into force on July 1 means there’ll be less revenue available to fund lavish award programs.

Square Inc. has just scored its oldest customer ever — a 1,200-year-old Buddhist temple in central Japan.

Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to Accenture Plc.

By now most of the world knows of the disruption India's monetary system has undergone as its government discourages paper cash and pushes digital alternatives, stopping short of outright forcing the issue. But there's another challenge within the market.

The Indian government's major change in cash policy and push for digital payments attracted the Chinese company to increase its stake in India's Paytm.

JD.com Inc. agreed to sell its finance arm for 14.3 billion yuan ($2.1 billion) in cash while retaining a share of its future profits, part of a deal to spin off the fast-growing division and create a strong rival to billionaire Jack Ma’s Ant Financial.

A broad pilot to test contactless open-loop payments on Singapore's trains and buses will go live March 20, according to local mass-transit authorities and Mastercard, which is sponsoring the initiative.

Digital payments can make travel payments easier and boost financial services in emerging markets. In some cases, it's doing both.