People use smartphones as they sit and drink tea by the roadside in Hanoi, Vietnam, which plans to become a cashless economy by 2027. Photo: Bloomberg

Southeast Asia’s e-wallet providers face shakeout as market booms

  • Some are using their cash to build scale as they race to secure a dominant position in a mobile payments market estimated to grow seven-fold to US$109 billion by 2025
Topic |   Mobile payments

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People use smartphones as they sit and drink tea by the roadside in Hanoi, Vietnam, which plans to become a cashless economy by 2027. Photo: Bloomberg
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PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. Photo: Reuters

PayPal to enter China mobile payments market through local acquisition approved by Beijing

  • PayPal will make the acquisition through a subsidiary in Shanghai
Topic |   China technology

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PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. Photo: Reuters
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