Cross-border e-payment sector hotting up

YouTrip co-founder and CEO Caecilia Chu said one of the company's strategies is to partner global payment company Mastercard to ensure that its cards could be used in more countries and reach more customers. ST PHOTO: ONG WEE KIAT
YouTrip co-founder and CEO Caecilia Chu said one of the company's strategies is to partner global payment company Mastercard to ensure that its cards could be used in more countries and reach more customers. ST PHOTO: ONG WEE KIAT
A Singtel Dash user making payment at Bangkok's Chatuchak weekend market. Singtel Dash can be used in Thailand and Japan as part of VIA, a cross-border payment alliance.
A Singtel Dash user making payment at Bangkok's Chatuchak weekend market. Singtel Dash can be used in Thailand and Japan as part of VIA, a cross-border payment alliance. PHOTO: SINGTEL

More players entering the fray with innovative apps and competitive conversion rates

Companies big and small are bidding to draw in travellers with slick cross-border e-payment systems, but some have met with stumbling blocks amid the fintech wizardry.

The obstacles range from poor connectivity to a lack of brand awareness in countries across the region, according to a Straits Times check.

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A version of this article appeared in the print edition of The Straits Times on August 23, 2019, with the headline 'Cross-border e-payment sector hotting up'. Print Edition | Subscribe