Singtel has demonstrated its cross-border mobile payments service initiative to connect mobile wallets across borders for leaders at the 32nd ASEAN Summit in Singapore ahead of the first commercial launch of the service in Thailand with regional associate AIS.
Singtel’s wholly owned Australian telco Optus will be one of the regional associate telcos which the Singtel Group plans to progressively expand the service to, including Airtel in India, Globe in the Philippines and Telkomsel in Indonesia. Optus says it will work within the regulatory frameworks of the respective countries.
In what it describes as a first for the region, Singtel Group recently announced it would connect different telco wallets across markets to offer seamless cross-border payments at physical merchants.
Singtel says this will empower the Group’s more than 600 million mobile customers to securely and conveniently pay with their mobile wallets when they travel in Asia Pacific, helping small merchants expand their reach to millions more in the process.
“With the fragmented payments scene in Asia today, interoperability has never been more crucial. We are pleased to support ASEAN’s vision of a more connected community and a single digital market with our cross-border interoperable mobile payment initiative,” says Arthur Lang, CEO of Singtel’s International Group.
“This service is unique as it empowers travellers of each country to spend abroad with their telco wallets. We want to make this as seamless as using cash and give full transparency on the exchange rates they are getting,” Lang said.
Singtel says other mobile payment apps and its Bridge Alliance partners can potentially plug into the platform and gain ready access to the Group’s merchant and customer bases throughout the region.
“As a founding member of the Bridge Alliance, we welcome all alliance members across the world to come on board our platform as partners. Our goal is to work with as many partners – both telco and non-telco – to create a smooth payment experience for our customers when they travel abroad.”
LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK
Australia is a cyber espionage hot spot.
As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.
It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.
In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.
Cyber security can no longer be ignored, in this white paper you’ll learn:
· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips
RECOVERING FROM RANSOMWARE
Ransomware is a type of malware that blocks access to your files and systems until you pay a ransom.
The first example of ransomware happened on September 5, 2013, when Cryptolocker was unleashed.
It quickly affected many systems with hackers requiring users to pay money for the decryption keys.
Find out how one company used backup and cloud storage software to protect their company’s PCs and recovered all of their systems after a ransomware strike.