Indian instant messaging platform Hike rolled out an in-app electronic payments wallet on Tuesday in a bid to cash in on rising digital transactions, replicating similar services offered by its backer Tencent Holdings.
Chinese online and mobile payment platform Alipay launched in Hong Kong its first app to handle transactions not denominated in the yuan currency, moving closer to its goal of wider currency payment options.
The top messaging app in China is redesigning key product parts to spread its tentacles to just about every aspect of Chinese life, including its own payment infrastructure, posing a formidable challenge to Apple Pay.
After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, SoftBank is looking to play consolidator and take a more active role at a trio of leading start-ups.
A consortium led by private equity firms Hillhouse Capital Group and CDH Investments offered on Friday to buy Belle International Holdings Ltd in a deal valuing the Hong Kong-listed shoe retailer at about $6.8bn.
India's top e-commerce firm Flipkart has raised $1.4 billion in its biggest fundraising to date as it takes on U.S. tech giant Amazon.com Inc for a larger share of the country's burgeoning online retail market.
Instant messaging app WhatsApp, owned by Facebook Inc, is mulling a foray into digital payment services in India, its first such offering globally, and has advertised to hire a digital transactions lead in the country.