Singtel partnered with AIS and Kasikornbank to launch Via, cross-border mobile payment service in Singapore and Thailand using QR code technology

Briefing

October 5, 2018

Briefing	Via – Singapore’s largest telecommunications carrier Singtel collaborated with regional associate AIS and Thailand’s Kasikornbank to launch QR code-based cross-border mobile payments in Singapore and Thailand Goal – Aims to unify Asia’s fragmented payments scene by connecting different mobile wallets across region, potentially benefitting travelers Expansion – Will expand to telecom networks in other countries namely Airtel in India, Globe in the Philippines, and Telkomsel in Indonesia, as well as non-telco partners, such as China’s Ping An Competitor – Another cross-border payments system, SWIFT, is being tested by banks from Australia, Singapore, Thailand, and China
Market Disruption	New Payment Technologies
Sector	Financial Services
Organization	Kasikornbank, Singtel
Source	Reichert, C., "Singtel unveils cross-border payments system Via", ZDNet, http://www.zdnet.com/; "SingTel unveils cross-border mobile payments system," Finextra, https://www.finextra.com/; AcceleratingBiz analysis
Original Publication Date	October 4, 2018

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