Jason Phua

487 Flips | 6 Magazines | 5 Likes | 2 Following | 165 Followers | @jasonphua | Keep up with Jason Phua on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Jason Phua”

Can Mark Zuckerberg Fix Facebook Before It Breaks Democracy?

The most famous entrepreneur of his generation is facing a public reckoning with the power of Big Tech.<p>At ten o’clock on a weekday morning in August, Mark Zuckerberg, the chairman and C.E.O. of Facebook, opened the front door of his house in Palo Alto, California, wearing the tight smile of …

Social Media

Square finally has a Lightning card reader for newer iPhones

You can take payments on Chromebooks and Macs.<p>If you have a newer iPhone, it's been a pain to take payments from magstripe cards using a Square reader -- without a native headphone jack, you've had to plug in a dongle and hold it steady while you serve a customer. Isn't Square overdue for a more …

'The Results Were Really Bad:' Tencent Stock Price Slumps After Shockingly Poor Earnings Report

Tencent Holdings Ltd. slumped after the Chinese social media giant reported shockingly poor quarterly numbers, underscoring how tech superstars that …

Financial Services

Police expose SIM card hijacking ring

They arrested a man who used SIM swap tricks to steal cryptocurrency.<p>There's a good chance you've had to ask your carrier for a SIM swap, whether it's to replace a faulty card or to switch to another size (say, from micro SIM to nano SIM). Crooks, however, are increasingly abusing those swaps to …

Hijacking

Apple said to be investigating growing iTunes credit card fraud in Singapore

A pair of reports today explain that Apple customers across in Singapore are noticing a high number of fraudulent credit card charges being made via iTunes. According to the <i>Channel NewsAsia</i>, Apple has said it is investigating the complaints, but specifics remain unclear…<p>Sylvania HomeKit Light …

Credit Card Fraud

Apple Investigating Fraudulent iTunes Charges In Singapore

Thousands of dollars are being deducted from bank accounts.<p>It is being reported that several Apple customers across Singapore are noticing …

EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals

EBay is a very distant second behind Amazon when it comes to e-commerce sales in the U.S., but abroad — and in particular in Asia — it is willing to invest to grow its footprint in a targeted way. In February, eBay paid a total of $573 million to acquire Qoo10, a Japanese sales platform, according …

Facebook Faces Delay to WhatsApp Payments in India

India’s government is holding up Facebook Inc.’s plans for a nationwide launch of its WhatsApp payments service over concerns about how users’ data …

The cashless society is a con – and big finance is behind it | Brett Scott

Banks are closing ATMs and branches in an attempt to ‘nudge’ users towards digital services – and it’s all for their own benefit<p>All over the western world banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking …

ATMs

How Uber ghost rides are linked to online money laundering

Online service marketplaces are relatively new, and there are few ways for their operators to regularly monitor the entirety of services and transactions. Unfortunately, this creates an open environment for electronic money laundering, known as ‘transaction laundering,’ to occur.<p>Last November, we …

Technology (India)

Alibaba rolls out first overseas smart city AI platform in Malaysia

Dubbed City Brain, the artificial intelligence system runs on Alibaba's cloud computing infrastructure and is the first to be deployed outside its …

Alibaba, JD.com heat up offline-online competition in China

Country's two biggest e-commerce players are ramping up investments in physical assets and partnerships, as they look to meld offline and online …

eCommerce

Australian 'big four' to align their data-sharing ducks ahead of Open Banking

A review has requested that Australia's largest banks be ready to hand over customer data at request from the day an Open Banking regime becomes …

Open Banking

Chinese tech giant Alibaba joins Coke, Visa as a major Olympic sponsor

Alibaba has just gone Olympic. At January’s World Economic Forum in Davos, the International Olympic Committee (IOC) and Alibaba Group announced the …

International Olympic Committee

Alibaba invests another $1.3 billion into its offline retail strategy

Alibaba has furthered its physical retail footprint after it invested another billion dollars into projects to develop its so-called “new retail” strategy which combines online and offline.<p>The Chinese firm, the dominant e-commerce player in its country, gobbled up a 15 percent stake in Beijing …

eCommerce

Mastercard opens access to its blockchain tech

The payments giant has opened its blockchain APIs to developers to progress work in cross-border transactions.<p>Mastercard has opened its blockchain …

PayPal launches a payments product designed for marketplaces, platforms and crowdfunding sites

PayPal today is beginning the rollout of a new product designed for customers operating larger online marketplaces, like ride-sharing platforms, crowdfunding portals, peer-to-peer e-commerce sites, room rentals platforms, and others. The solution, called simply PayPal for Marketplaces, is designed …

'Pay With Google' makes shopping on Android less of a hassle

Use any credit or debit card saved anywhere in your Google account for online purchases.<p>As promised, Google is streamlining online purchases made through Android devices by rolling out Pay with Google. The feature lets you use any of the credit or debit cards you've previously logged on the web …

Android News

Facebook Messenger will soon let you pay your friends back with PayPal

Paying back your friends is getting even easier. Facebook Messenger has supported sending money through its platform for a few years now, but you had to use a credit or debit card. Now, Facebook is bringing PayPal into the fold. PayPal certainly has its faults, but it does provide another layer of …

Bitcoin breaks above $6,000, nears $100 billion value for the first time in its history - MarketWatch

The world’s most prominent digital currency was on track to mark a fresh milestone on Friday, with bitcoin rallying and putting the cyber currency in …

Google Pitches A Mobile Wallet To India's 300 Million Smartphone Users

Google has launched its first major payments service outside the United States, confirming rumors of a mobile wallet for India called Tez. The service is jumping in with several large international competitors, including WhatsApp, Uber, and Truecaller, who are all seeking to capitalize on India’s …

China tightens cryptocurrency ban with new directive

Mainland access to foreign bitcoin exchanges online like Coinbase in the US would also be blocked<p>Chinese regulators have decided on a “comprehensive ban” on platforms that allow people to buy or sell virtual currency in China, reports <i>The Wall Street Journal.</i> China is cracking down on Bitcoin …

In its push to compete in Southeast Asia, WeWork is pouring a (brand-new!) $500 million into the region

Less than two weeks ago, WeWork took the wraps off a new massive round of funding — $500 million from the Chinese private equity firm Hony Capital, the Japanese internet giant SoftBank, Greenland Holdings, and China Oceanwide.<p>Now, the company is announcing that it’s pouring that exact amount — $500 …

Alibaba and Tencent are carving up Southeast Asia’s startup ecosystem

Two global tech forces are putting their mark — and money — into Southeast Asia’s nascent startup ecosystem, but they may not be the Western names that you expect.<p>Rather than Google, Facebook or Microsoft, increasingly Chinese duo Alibaba and Tencent are the driving forces behind the importing of …

South-east Asia

Stripe strikes global partnerships with China's Alipay, WeChat Pay

NEW YORK (Reuters) - Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers.<p>Starting Sunday, the partnerships will allow online merchants using …

PayPal’s new plugin helps merchants sell and ship their items internationally

In exchange for data<p>PayPal now offers a tool to help online sellers reach international markets more easily. The tool comes in the form of a plugin, available on major shopping platforms like Shopify and Magento, that lets customers pay businesses through PayPal.<p>The program is called Global …

Apple holding ‘Lose Your Wallet’ shopping event promoting Apple Pay w/ exclusive discounts

As Apple Pay continues to expand, Apple is holding a special shopping event in San Francisco to promote the mobile payment service. The “Lose Your Wallet” event will highlight stores that support Apple Pay while offering exclusive discounts…<p>Sylvania HomeKit Light Strip<p>The shopping event will …

Apple Pay

Android Pay now used for international P2P transfers, courtesy of WorldRemit

AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup connected to around 120 million mobile money accounts globally, which lets residents in one country transfer money to family and friends …

Google will now let users pay with any card they have on file, not just those saved in Android Pay

Google is today making it easier for users to make payments within third-party apps and mobile website, as well as in Google Assistant, when they’re out and about. No longer will the company rely that the card users want to pay with be preloaded in Android Pay – they’ll be able to choose from any …

Soon you'll be able to pay friends by saying 'Ok Google'

Google is also launching Android Pay in new markets in the near future.<p>Google will make it harder for <i>that</i> friend in your group to make excuses when chipping in for food. The tech titan's voice assistant will be able send personal payments for you in the coming months, just like its rival Siri can, …