Despite PayPal’s overwhelming success in the U.S. market and many international markets, it has not fares as well in some Asia-Pac markets. Regulatory limitations might be one reason, but not the only one. SG Entrepreneurs has a useful blog that reviews a selection of competitors to PayPal in several Asia-Pac countries, including China, Singapore, Malaysia, and Thailand.
There are some interesting players, like PayDollar:
Launched in January 2012 by AsiaPay, a Internet and mobile payment services provider, PayDollar is a comprehensive debit payment option for the Asia-Pacific region. Merchants can use it to collect real-time payments from customers via bank accounts, debit cards, e-wallets, and prepaid products.
It can process payments from the following partners: China UnionPay, AliPay, 99Bill, PPS, MyClear, BancNet, Globe GCash, Smart Money, POLi, Bangkok Bank, Bank of Ayudhya, TMB Bank, United Overseas Bank, Siam Commercial Bank, and Krung Thai Bank accountholders.
Other examples include Paysbuy, Swiff, MOLPoint, and several China online payment services such as Alipay and Tenpay.
Read the original blog here: http://sgentrepreneurs.com/innovatio…tives-in-asia/
