Asia

Ant Financial’s attempt to add a social-network function to China’s biggest payments platform has backfired.

Apple Inc. scored a victory in the global battle to control the future of mobile payment technology after the Australian competition regulator refused to grant a group of local banks permission to negotiate collectively over the introduction of Apple Pay.

The growth of China’s fintech scene is providing a less developed financial market with much-needed updates. But those improvements also serve as a stepping stone to bring Chinese fintech players to Western markets.

India’s war on cash has at least two likely victors: Visa Inc. and Mastercard Inc.

India's move to remove much of the country's cash notes is having an adverse impact on much of the country's population, according to former U.S. Treasury Secretary Lawrence Summers.

As more Chinese citizens travel abroad, payment companies are lining up new products and collaborating with third parties to reach the growing market.

Earthport has used distributed ledger technology, including a partnership with Ripple, to build a global cross-border payment network.

India's cash crisis may threaten the country's traditional wedding season. Uber is attempting to solve some of the problem with a new car booking service.

Charitable giving is a big part of contactless payment innovation, and Quest Payment Systems is hoping to gain share in the Australian non-profit market.

Connected devices is the key innovation behind Optus and Frank Green's coffee cup that can also support contactless payments.