Korean tech giant Samsung Electronics plans to expand its Samsung Pay mobile payments service to markets such as China and Europe, after an initial launch in South Korea and the US later this year.
Rhee Injong, a Samsung executive vice president (EVP), told investors at a company event in Seoul that the firm is looking at a “September time frame” for the initial launch of the mobile payments service in South Korea and the US, coinciding with the launch of the firm’s next flagship smartphone model.
He added that Samsung will also launch the service in areas such as South America and Australia, although without offering a specific timeline.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.