It's banks versus Alibaba in digital payments turf war in Southeast Asia

It's banks versus Alibaba in digital payments turf war in Southeast Asia

Billionaire Jack Ma, chairman of Alibaba Group Holding Ltd., looks on during news conference in Hong Kong, China, on Tuesday, Nov. 1, 2016. Photographer: Anthony Kwan/Bloomberg

Over the past two months, some 1,000 part-time workers for DBS Group Holdings Ltd. have fanned out across Singapore’s famed food courts, trying to entice mom-and-pop hawkers to use the bank’s digital payments service, called PayLah!

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