AirAsia to enter the mobile payments market

AirAsia founder and CEO Tony Fernandes officially unveiled BigPay, the budget airline’s new digital payments platform, at the Money 2020 conference in Singapore today. BigPay offers a mobile wallet which can store up to 10 credit and debit cards, and has partnered with MasterCard to offer its own top-up cash card that can be used for payments and withdrawals worldwide. Users can view transactions in real-time on the app to keep track of their daily spending.