Asia

China isn't living up to promises to open its card market, a shortcoming the incoming Trump administration should remember when forging trade policies.

Ant Financial, parent of the Chinese online payment giant Alipay, may soon expand to South Korea with a new service called Korea Pay.

PayPal's digital money transfer service Xoom will allow Japanese immigrants and others in the U.S. to send money for deposit into bank accounts in Japan.

On the heels of India’s move last month to discourage cash-hoarding by demonetizing certain bills, Prime Minister Narenda Modi on Dec. 30 announced the rollout of a government-managed mobile payments app.

Pax Global Technology has landed what it describes as a major deal to distribute its payment terminals to Chinese merchants through China UnionPay Merchant Services [UMS].

Payments software provider Ezetap says an agreement with Pax Global Technology Ltd. will bring "hundreds of thousands" of mobile and mini point-of-sale terminals to India as the country lessens its use of cash.

An agreement between First Global Data and India's Metro Infrasys will bring a one-click mobile payment option to drivers using the country's tollways.

In another move that furthers India's movement away from cash, police in Pune plan to initiate a cashless policy by the end of the first week of January.

Australia’s central bank is set to deploy a new, faster payments system enabling near real-time payments for consumers and businesses that will roll out in 2017.

Sydney-based Octet Finance, a provider of supply chain management and financing tools for small and midsize businesses, has formed an alliance with Mastercard enabling users to make cross-border payments using their existing Mastercard credit and debit card accounts via virtual card technology.