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7-Eleven Japan released a mobile payment app 7pay that had a security flaw for resetting passwords, and users lost a total of about $510,000.

7-Eleven Japan shut down a mobile payments app after only two days because hackers exploited a simple security flaw and customers lost over $500,000

The flaw, it seems, was that anybody could reset anybody else's password to 7pay, the 7-Eleven Japan mobile payments app.

Singapore and KL among world’s top destinations for Chinese mobile payment – and it all happened in the past 2 years

92% of businesses said the amount spent by Chinese tourists increased if mobile payment was available

Sentosa is offering Alipay at most of its attractions, so tourists from China can feel at home

Sentosa is a "favorite attraction" for Chinese visitors and business delegates, an Alipay rep said.

New small businesses benefit the most from the convenience of QR payments in Singapore: NUS study

DBS' PayLah has helped to double the number of mobile payments in Singapore.

Amazon is reportedly plotting to take on Apple with its own mobile payments within stores

Amazon has reportedly been quietly working to get brick-and-mortar retailers to adopt its mobile-payment system for in-store purchases.

Singaporeans are moving from desktop to mobile shopping faster than the global average: Study

Meanwhile, desktop sales will stagnate in the next four years, predicted the report.