0
General

Alipayhk, GCash launch cross-border remittance service via blockchain

Tuesday 26 June 2018 | 11:08 CET | News
Alibaba's AlipayHK and Philippines-based payment service platform GCash launched a cross-border remittance service based on blockchain technology. Alibaba claims this service is the first of its kind in the world. Effective immediately, the service allows users of AlipayHK, a digital wallet joint venture between Ant Financial and Hong-based multinational conglomerate CK Hutchison Holdings, to wire money to the Philippines through a secure, transparent and fast channel. Standard Chartered is the designated settlement bank.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Alibaba / Ant Financial
Countries: Hong Kong / Philippines
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tencent's Infinium receives virtual banking license in Hong Kong

Published 10 May 2019 11:26 CET | Hong Kong
Infinium has received a virtual banking license from the Hong Kong Monetary Authority (HKMA). Infinium is a joint venture between ...

MoneyGram strengthens partnership with GCash in the Philippines

Published 05 Sep 2018 16:13 CET | Philippines
MoneyGram and GCash agreed to allow customers worldwide also send money to over 10 million GCash mobile wallets in the ...

Syniverse launches lab to accelerate IoT, 5G business value creation

Published 19 Jul 2018 18:21 CET | World
Syniverse launched the Syniverse Innovation Lab, a new demonstration, development and testing centre that brings together ...

Sprint, NXM Labs launch connected car platform featuring IoT blockchain security

Published 20 Jun 2018 20:12 CET | United States
Sprint joined NXM Labs to launch a 5G-ready connected car platform combining high-speed, on-demand passenger Wi-Fi with advanced ...

Kazakhtelecom joins blockchain development industry group

Published 19 Jun 2018 10:12 CET | Kazakhstan
Kazakhstan national operator Kazakhtelecom has joined the national industry group on the development of blockchain and ...

Telia takes part in blockchain demonstration for property transaction service

Published 13 Jun 2018 12:59 CET | Sweden
Telia Company said that it was part of a property transaction service demonstration on 11 June with blockchain company Chromaway, ...

SoftBank, CloudMinds develop authentication service on Blockchain security platform

Published 30 May 2018 12:54 CET | Japan
SoftBank and CloudMinds Technology are jointly developing an authentication service based on blockchain. The two companies have ...

3 Hong Kong launches AlipayHK eWallet payment service

Published 09 Jan 2018 12:42 CET | Hong Kong
3 Hong Kong has introduces the AlipayHK eWallet service on the local market. 3 Hong Kong customers can now settle phone bills or ...

Hutchison, Ant Financial establish digital wallet service in Hong Kong

Published 27 Sep 2017 09:52 CET | Hong Kong
CK Hutchison and Ant Financial Services will form a joint venture to offer a consumer-oriented digital wallet under the ...

GCash launches GoPay mobile money QR payment platform

Published 07 Aug 2017 14:17 CET | Philippines
GCash has introduced its QR payment service via smartphone in the Philippines. Dubbed 'GoPay', the service is part of the GCash ...

Globe, GCash to deploy digital cashless ecosystem in Cauayan

Published 27 Dec 2016 09:15 CET | Philippines
Philippines operator Globe Telecom and the Cauayan City government have signed a partnership agreement to deliver internet ...





Calendar   /   Industry Events

17 Jul Fiber Optic Expo
18 Jul Nordic Entertainment (NENT) Q2 2019
18 Jul Microsoft fiscal Q4
18 Jul Millicom Q2 2019
18 Jul CrowdStrike fiscal Q1
18 Jul Telia Q2 2019
19 Jul DNA Q2 2019
22 Jul NOS Q2 2019
22 Jul Logitech fiscal Q1
23 Jul Megacable Q2 2019
23 Jul Calix Q2 2019
23 Jul Iridium Q2 2019
23 Jul Snap Q2 2019
23 Jul AudioCodes Q2 2019
23 Jul Vodafone AGM
24 Jul Telekom Slovenije Q2 2019
24 Jul Orange Poland Q2 2019
24 Jul Mellanox Technologies Q2 2019
24 Jul Orange Belgium Q2 2019
24 Jul AT&T Q2 2019
24 Jul Netgear Q2 2019
24 Jul KPN Q2 2019
24 Jul Telefonica Deutschland Q2 2019
24 Jul F5 Networks fiscal Q3
24 Jul Altigen Communications fiscal Q3
24 Jul Technicolor H1 results
25 Jul STMicroelectronics Q2 2019
25 Jul Amazon Q2 2019
25 Jul Telefonica Q2 2019
25 Jul Maxlinear Q2 2019
::: More Calendar Items