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Here’s what you should know today.

1. Samsung Pay launches in Thailand

Samsung Pay works with MasterCard, Visa, KCC, Bangkok Bank, Citibank, KasikornBank, KTC, and Siam Commercial Bank. Samsung says that department stores and shops in the country will also accept payments through Samsung Pay.

To accommodate Thailand’s low credit card usage (10%), the service will also work with a prepaid card called Galaxy Gift, issued by MasterCard.

Read the rest of the story here.

 

2. Nearly 9,000 new companies launched in Vietnam in January

Vietnam’s business community has hit the grounds running in the new year. Official reports showed that 8,990 companies opened in January, up 8% from last year. Their registered capital surged 52.3% to $4 billion in total.

Vietnam is truly a developing country to watch.

Read the rest of the story here.

 

3. Recommended Reading: Here’s how the Singapore govt’s first Facebook chatbot was created

The directive from the Ministry of Communications and Information (MCI) was that the bot had to help citizens consume and access information more easily.

One unique aspect of KeyReply’s chatbot is its ability to push content to users as opposed to just waiting for them to pull content. Users can subscribe to news, videos, or Facebook feeds from the government on daily, weekly basis or just on weekdays.

Read the rest of the story here.

Here are today’s top ecommerce headlines.

1. 2C2P to work with Diners Club International to increase acceptance at Southeast Asia’s ecommerce merchants

Alliance will extend acceptance of cards running on the Discover Global Network to Southeast Asian merchants.

2C2P will provide its merchants with single-source electronic payment services for the acceptance of Discover Global Network, which includes Discover cards from the United States, Diners Club International as well as its affiliate cards such as BC Global Card from South Korea, Elo Card from Brazil and RuPay from India.

Read the rest of the story here

 

2. Alibaba and ecommerce festivals: Europe’s gateway to China

Businesses around the globe are responding to the increasing demand for foreign brands by Chinese consumers. Indeed, in 2015 alone the number of overseas companies operating in China’s free trade zones doubled.

One example is Tmall Global’s annual 8.8 Shopping Festival in China, focused on showcasing top-selling products from global brands to Chinese consumers. The recent 2016 event featured more than 2,000 quality products from a variety of overseas markets and include fashion, cosmetics and even nutrition supplements.

Read the rest  of the story here

 

3. Samsung Pay, partner banks launch offers for Thai customers

Samsung Pay and its financial partners have introduced exclusive offers for customers who make payments using a partnered credit card via Samsung Pay. The offers are provided in partnership with Citibank, Kasikornbank, KTC, and SCB.

Read the rest of the story here

 

Here’s what you should know for today.

1. Samsung Pay to expand to Malaysia, Thailand

Samsung Electronics has confirmed Samsung Pay Thailand will make its debut before the end of this year. Samsung Pay has also announced a global partnership with MasterCard to offer a simplified online payment and express checkout solution through its digital payment service Masterpass, starting early next year.

Read the rest of the story here

 

2.Instagram tests shoppable photo tags

The retailers tag products in their photos, which are hidden behind a “Tap to view products” button. After selecting their product of choice, users see an in-app details page with a specific product’s price, description, additional photos, and a “Shop Now” button to buy it on the web.

Read the rest of the story here.

 

3. OnePay partners with MatchMove to enable offline payments

Global blockchain assets platform OnePay has announced a partnership with Singapore-based mobile payments platform MatchMove. The deal will allow users of OnePay’s OneBit Bitcoin wallet to conduct transactions at offline point-of-sale (POS) terminals.

Read the rest of the story here

 

Ready to start your weekend? Check out these ecommerce headlines first.

1. E-wallet services boom at airports for Chinese tourists

International airports have become the new battlefield for the country’s top internet companies as they gear up for over-seas expansion by providing Chinese outbound travelers with more e- wallet services. Read the rest of the story here

 

2. Paytm plans to build a mini bank inside its app

Paytm’s got challengers on all sides. With its ecommerce site, it competes with Amazon India, Flipkart, and Snapdeal. When it comes to money, it puts up against rapidly evolving banks, including the newly released Unified Payments Interface that lets people transfer money with a single identifier. Read the rest of the story here.

 

3. Thailand to get ‘Samsung Pay’ this year

The banks and card issuers already confirming their support for the service are Krungthai Card Co, Citibank, Kasikornbank, Bank of Ayudhya, Siam Commercial Bank and Bangkok Bank. Read the rest of the story here.

 

4. Ten airports introducing Alipay for Chinese tourists

Alipay’s new “Future Airport” program will launch at  Munich Airport, Singapore Changi Airport, Narita International Airport in Tokyo, Kansai International Airport in Osaka, Seoul Incheon International Airport, Auckland Airport, Suvarnabhumi Airport , Hong Kong International Airport, Taoyuan International Airport and Macau International Airport. Read the rest of the story here.

 

Wind down from a busy Friday by catching up with the key ecommerce headlines here.

1. Indonesia’s HaloDoc Raises $13 million in Series A, from Singaporean private equity firm Clermont and NSI Ventures

The app is available for Android and iOS and offers a full range of services: online consultation, medicine delivery, on-demand lab tests, a hospital and doctor directory, as well as an appointment scheduler. There’s no web version of it, just the app. Read the rest of the story here.

 

2. New Amazon data from Wall Street should terrify all retail stores in the US

 According to a note published on Thursday by financial firm PiperJaffray, Amazon now has a warehouse or delivery station within 20 miles of 44% of the US population. Read the rest of the story here.

 

3. Rocket Internet’s Home24’s valuation fall sparks concerns of downgrades in other Rocket firms

The volatile shares of Rocket Internet dropped on Thursday after the German e-commerce investor slashed the valuation of its Home24 online furniture business by more than half in a funding round. Read the rest of the story here.

 

4. Maybank partners with Samsung Pay to strengthen presence across Singapore

The launch of Samsung Pay in Singapore follows the bank’s introduction of its mobile wallet in Malaysia last month, and will be followed by the progressive roll‐out of other digital initiatives across the region. Read the rest of the story here.

 

5. Alipay takes part in $460 million stake in Yum China, To Implement Alipay in KFC and Pizza Hut

This collaboration will see Yum China move into a new chapter of world class mobile payment services for tens of millions of customers across its brands. Read the rest of the story here.

Android Pay launches in Singapore

Android Pay being used to make a purchase. Source: Straits Times.com

Android Pay launches in Singapore but faces an uphill battle. Apple Pay and Samsung Pay are already widely adopted in the Singaporean market and penetration of contactless POS systems (the tapping system that is integral to Singapore debit cards payments) is also not as high as it should be. Lastly, most cheaper Android phones simply do not have the right functionalities, which requires at least a version 4.4 KitKat and near field communications (NFC) capabilities, reported Forbes today.

Most interesting is the ecommerce potential. Google will launch Android Pay for in-app purchasing in the coming months and has announced Deliveroo, Grab, Shopee, Singapore Airlines, Uber and Zalora will be integrating in-app payment via Android Pay into their services.

Singapore will be the first Asian market to gain access to Android Pay with Singaporeans able to load Visa and  Mastercard credit and debit cards from six banks including DBS and Standard Chartered onto their android smartphones.

A version of this appeared in Forbes on June 27. Read the full article here.