Globe Telecom president and CEO Ernest Cu said on Monday that unauthorized transactions that affected some GCash wallet users in the Philippines over the weekend were the result of a glitch, and that no funds were lost.
Vietnam’s mobile money service is reportedly set for a major upgrade from pilot mode to full-fledged service that, among other things, will see transaction caps raised to ten times the current amount.
The ups and downs of the payment service provision business, particularly in Africa, have been highlighted in two recent news stories: one involving expansion for SPAYZ.io and the other signalling the end of Pay U Kenya.
China’s UnionPay International, a leading name in payment solutions, has announced that, starting this year, UnionPay cards issued by Vietnamese banks can be linked with Alipay and WeChat Pay, China’s leading mobile payment platforms, through a partner…