Cards & Payments
PH-based Allbank and Salmon Group unveil QR PH-enabled payment solution
It eliminates the need to input details manually for traditional payments.
PH-based Allbank and Salmon Group unveil QR PH-enabled payment solution
It eliminates the need to input details manually for traditional payments.
UPI propels India’s mobile wallet payments to $6.5t by 2028
In February 2024, $221.5b in value was paid across 12.1 billion UPI transactions.
16 foreign e-wallets now accepted in Japan through Alipay+
Alipay, KakaoPay, Touch ‘n Go, GCash and TrueMoney are the most popuar.
Mobile tap payments produces least carbon emissions vs cash and ATMs: study
ATMs make up a bulk of carbon emissions, at 7.14g CO2e per transaction.
Chart of the Week: 2 in 3 e-commerce transactions in China use alternative payments
Alternative payments make up 67% of the market share.
Hong Kong’s wealthy plan to spend HK$870,000 in 2024 travels
Tokyo is their top destination of choice.
1 in 4 e-commerce transactions in India use alternative payments
Cash makes up barely 1 in 10 of transactions, according to GlobalData.
Mastercard and Alipay enable real-time remittance in over 180 markets
Alipay’s 1 billion users in China can now transfer and pay with over 150 currencies.
Philippine neobank Zed offers credit card with no interest and no annual fees
It has reportedly received 25,000 sign-ups within three weeks.
Taiwan credit card firms’ hold $3.34b in revolving credit as of January 2024
A total of 37.89 million cards are active as of end-January, according to official data.
South Korean credit card firms report $1.93b net income for 2023
Total revenue and expenses rose during the period.
Chart of the Week: Australia’s card payments to rise 8% in 2024
Debit cards rise with Australians reluctant to take on credit card-related debt.
DCS Card Centre secures add’l $100m upsize in asset-backed notes
The funds will be allocated to finance DCS's receivables from retail and corporate customers.
Ant Group raises transaction limits in China for foreign users
Ten partner wallets can now enjoy the increased limits.
China raises annual mobile payment limit of foreign visitors to $50,000
The single transaction limit has also been raised to $5,000.
JCB offers 10% cashback to Skyliner ticket
Members with a JCB card issued outside of Japan can avail of the cashback.
South Koreans’ card spending up 32% to $19.22b in 2023: report
The number of Koreans who traveled overseas tripled in 2023.
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. HK-based fintech KPay expands operations to Singapore 3. Citi names Amit Dhawan as head of CCB Singapore 4. StanChart joins Visa’s B2B Connect to enhance cross-border payments 5. Hang Seng Bank warns against phishing emailResource Center
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HSBC Hong Kong shines at ABF Retail Banking Awards
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The bank has been a digital and transformation pioneer in the industry.
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. HK-based fintech KPay expands operations to Singapore 3. Citi names Amit Dhawan as head of CCB Singapore 4. StanChart joins Visa’s B2B Connect to enhance cross-border payments 5. Hang Seng Bank warns against phishing emailAwards
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