Mobile wallet

Google Pay director of product management Sharath Bulusu hailed the performance of the service in India, after user numbers tripled in the year to end-September and transactions exceeded $100 billion, Business Standard reported.

Via alliance, a cross-border mobile payment initiative formed by Singtel and AIS, expanded into Japan through a partnership with Tokyo-based technology company Netstars, which brings 100,000 new stores to the growing regional footprint.

Singtel is set to connect its Singapore mobile payments service with commercial offerings from associates and partners across Asia, in a bid to create a pan-Asian network of wallet services.

Global business ratings agency S&P Global tipped card payments to dominate point of sale (PoS) transactions in Europe and North America in the short- and medium-term, with mobile payment companies struggling to make an impact.

Jamaica’s original mobile money service Conec is to cease trading after four years in business, the cooperative of credit unions which set up the business confirmed.

India-based messaging platform Hike partnered Airtel Payments Bank to strengthen its efforts to become a leading player in the country’s burgeoning digital payment ecosystem.

GlobalData predicted mobile wallet users in India will make more than INR800 billion ($12. 3 billion) worth of transactions during 2017, with the industry expected to process INR2. 8 trillion by 2021.