Singtel Taps 50 Million Users Making Mobile Payments in Asia
- ’Star Alliance of telco wallets’ to provide cash alternative
- Service to start between Singapore and Thailand in mid-2018
Photographer: Nicky Loh/Bloomberg
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Singapore Telecommunications Ltd. plans to create a platform that connects mobile wallets across Asia, enabling users to pay digitally in the countries its partners operate.
The initiative will begin commercially in mid-2018 between Singapore and Thailand, where Singtel and partner Advanced Info Service Pcl have obtained regulatory approval, the company said in a statement. The service is targeted at travelers and small-to-medium sized enterprises, according to Singtel, which is Southeast Asia’s biggest phone company.