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PHOTO FILE: A Singtel logo is presented at their headquarters in Singapore on February 11, 2016. Singtel publishes its quarterly results on Friday. REUTERS / Edgar Su
SINGAPORE (Reuters) – Singapore Telecommunications Ltd announced on Monday the signing of a partnership to allow the use of its cross-border mobile wallet platform in Japan as the telecommunications operator continues its expansion. in digital payments.
Partnering with NETSTARS, a Tokyo-based mobile payment technology company, will allow travelers to use their home-based mobile wallets on Singtel's VIA network to pay digitally in stores in Japan – a popular destination in Southeast Asia .
Singtel, Southeast Asia's largest telecom operator, wants to expand beyond its traditional services, such as digital marketing, cybersecurity, mobile payments and video streaming.
Southeast Asia, where part of the 650 million population is underfunded, is becoming a saturated market in mobile payments. Singtel wants to stand out by allowing users to pay with their e-wallets outside their home country.
Singtel plans to extend the mobile portfolio alliance to India, the Philippines and Indonesia.
"With scale, we will be able, over time, to convert payments into multiple uses," said Arthur Lang, general manager of Singtel's international group, adding that the company could seek to provide more financial services .
Advanced Info Service Pcl (AIS) of Thai operator Singtel is part of the VIA network; and recently signed an agreement with the digital services group of Malaysian group Axiata Group Berhad.
Including its regional partners, the telecommunications operator has a mobile customer base of more than 675 million euros.
Reporting by Aradhana Aravindan, edited by Sherry Jacob-Phillips
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