China spends more than ever on Alipay amid mobile payments boom

China spends more than ever on Alipay amid mobile payments boom Alipay, China’s top mobile wallet app, hit record highs in 2016 for the amount its 450 million users spent online or in stores. The app’s biggest group of spenders, the people of Shanghai, paid out an average US$20,400 last year, said the Alibaba spin-off […]

The post China spends more than ever on Alipay amid mobile payments boom appeared first on Stage Asia - startups directory.

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Payments company Ayopop raises $1m seed funding

Payments company Ayopop raises $1m seed funding Indonesia’s Ayopop specializes in bill payments, which means it wants users to pay for things like their phone bills, electricity, and internet services through its app. Ayopop launched about a year ago and has been angel funded so far, with some investment from venture capital firm Gree. The post Payments company Ayopop raises $1m seed funding appeared first on Stage Asia - startups directory .

OBike ceases operations in Singapore

Bike-sharing firm oBike has ceased operations in Singapore as of today, suggesting that the cost of complying with stricter regulation of bike-sharing in the city-state forced its departure.

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