Payment systems
Indonesia falls behind in mobile banking
Mobile phone banking has already transformed the provision of financial services in emerging markets such as Kenya, Mexico and even remote and poverty-stricken Papua...
Dubai start-up plans to introduce 400 Bitcoin-enabled ATMs
After revealing its first Bitcoin-enabled ATM in Dubai Media City in April, Dubai-based IT start-up Umbrellab said it plans to activate 400 cash machines...
PayPal want to boost e-commerce for start-ups in the Middle East
US-based online payment company PayPal, a subsidiary of eBay, has announced that it will be partnering Cairo Amman Bank to help boost ecommerce in...
Singapore fears money laundering through Bitcoin
The Singapore government has said it plans to regulate virtual-currency intermediaries including operators of Bitcoin exchanges and vending machines to address potential money-laundering and...
First Bitcoin ATMs open in Singapore, Hong Kong
Even though the recent bankruptcy filing of Japanese Bitcoin exchange Mt. Gox has shaken the Bitcoin community, there seems to be still enough confidence...
Vietnam bans use of Bitcoin
The government and the State Bank of Vietnam do not recognise Bitcoin as a means of payment in the territories of Vietnam, a release...
Bitcoin finds market in Indonesia
The digital currency Bitcoin meets rising interest in Indonesia as the country's official currency, the rupiah, has dropped sharply over the past months and...
Thailand first country to ban digital currency Bitcoin
Thailand has banned the global peer-to-peer payment network Bitcoin after the country's central bank decided that Bitcoin "is not a currency".
Bitcoin said on its...
ADCB rolls out mobile payment system
As the use of cash decreases worldwide, banks are struggling to find a new method of payment to appeal to their young, mobile customers. ...
Latest
Thais turn to crocodile meat amid rapidly rising pork prices
Demand for crocodile meat is surging in Thailand as the price of pork continues to rise. The reason is a supply shortage of pork...
Stories of the week
Vietnam seeks to quickly develop electric vehicle market
Vietnam will be introducing some administrative reforms in order to boost its domestic vehicle market, the country’s national radio broadcaster Voice of Vietnam reported.
The...