Chinese travel and spending surge during Lunar New Year holiday
Alipay reports rise in spending in cosmetic surgery, Fliggy sees growth in international cruises and car rentals
Both Alipay and Fliggy, the wholly-owned subsidiary of Alibaba Group, have recorded significant surges in Chinese travel spending, in both outbound and inbound, during the Lunar New Year [...]
Expats, BNPL and international credit cards are driving UAE’s high-growth payment market
Nuvei, a Canadian-based payments company with APAC headquarters in Singapore, recently launched a report called "Global Expansion Guide to High-Growth Markets", which provides a data-driven roadmap for businesses to expand into some of the world’s fastest-growing markets. Released quarterly, each [...]
How fintech is transforming Asia’s travel industry
In Asia’s fast-evolving travel industry, a revolution is quietly unfolding. Driven by rising consumer expectations for seamless experiences and the need for cost efficiencies, travel companies are embracing fintech solutions like never before.
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Alipay+ transactions triple in 2024 as travel industry embraces cross-border digital payment and marketing technology
Alipay+, Ant International’s cross-border mobile payment and digitalisation solution, revealed three trends shaping the future of tourism to the benefit of global merchants and the industry. Alipay+ is a suite of cross-border digital payment, marketing and digitalisation solutions that help connec [...]
PKFARE flies with Starlings. QR payments big in SE Asia. Traveloka teams with TAT. More.
PKFARE flies with Starlings
PKFARE has entered Latin America in a partnership with Starlings, an integrator in the region known for its technological solutions in the travel industry.
The collaboration aims to enhance access to PKFARE's global flight inventory, comprising over 600 airlines acro [...]
Korean alternative payments giant, GLN International out to power intra-regional travel in Asia
GLN International, the South-Korea based global alternative payments network, is setting its sights on the intra-regional travel market to drive the next phase of growth by leveraging on the national, proprietary QR payments and ATM networks established in Asia.
Spun off from Hana Bank in July 20 [...]
Juspay brings its “payments orchestration” to South-east Asia, Middle East
Softbank-backed Indian payments startup expands on back of Indian outbound market
The need for payments orchestration will become more and more acute in South-east Asia as fragmentation in payments grows with every country wanting to develop their own payment gateways and methods, observed Na [...]
Asia Pacific leads as global business travel industry spending expected to hit record $1.48 trillion in 2024
According to the latest GBTA Business Travel Index Report, spending in the business travel industry is projected to surpass $2 trillion by 2028 because of economic stability, pent-up demand and recovery momentum.
The forecast by the Global Business Travel Association (GBTA), a business travel a [...]
Yuno and Meili collaborate to focus on airline payment infrastructure
Payment orchestration platform, Yuno, has announced a partnership with Meili, a mobility company focused on integration with airlines, travel, and technology partners. This collaboration aims to provide a unified platform for payment needs, actionable data insights, and streamlined distribution chan [...]
Heymax.ai raises US$2.6M seed funding round, led by January Capital
Singapore-founded open loop loyalty platform aims to give users a free vacation every year by maximising merchant and credit card reward
Singapore-founded loyalty platform Heymax.ai announced its US$ 2.6 million (SG$ 3.5 million) seed round, led by January Capital, with participation from Tenity, A [...]
