Cards & Payments
Banks see sharp drop in cheque use ahead of 2027 phaseout
Banks see sharp drop in cheque use ahead of 2027 phaseout
More people are using e-payment solutions such as PayNow and FAST.
2 days ago
Five ASEAN countries to establish common standards for non-card instant payments
The accord is part of a 50-year roadmap to develop payments.
2 days ago
HSBC, Juspay unveil acquiring platform for merchants
It offers multiple payment methods through a single provider.
2 days ago
Siam Commercial Bank, Visa, SoftSpace launch tap-to-pay services at two Bangkok markets
Businesses can provide the service either through a smartphone or dedicated EDC machine.
3 days ago
Mainland tourists drive WeChat’s growth during National Day
Cross-border transactions in Weixin Pay increased by 21% year-on-year
5 days ago
Visa appoints Elaine Chang as group general manager in greater China
Chang previously served as president of Amazon China.
Swift developing new retail payment rules to improve cost clarity
Banks from 17 countries will work with Swift to set the retail rules.
Alipay+ enables overseas tap-to-pay service for Kakao Pay users
Kakao Pay users can now make NFC payments at Mastercard merchants worldwide.
Chart of the Week: Hong Kong card payments to hit $233.5b by 2029
Growing preference for contactless payments will lift the value up.
CBA says RBA interchange reforms risk hurting Aussie firms
The Australian bank agreed that debit and credit surcharging should be eliminated.
APAC instant payments value to reach $170.2b in 2029: GlobalData
China, Japan, South Korea, and India are leading the way.
Ant International to launch Alipay+ in Saudi Arabia
It will connect to mada, Saudi Arabia’s national payment scheme.
PayPay expands reach to 2 million South Korea stores via Alipay+ gateway
Users must complete identity verification on the PayPay app in Japan.
Chart of the Week: Debit card fuel growth of Australia’s card payments market
Australians are choosing to spend within their means instead of accruing debt.
China and Indonesia pilot cross-border QR payments
Selected users from China can now make QR payments in Indonesia using UnionPay and Alipay apps.
Alipay Tap! crosses 200 million users
It lets users pay by tapping their unlocked phone on a payment terminal.
Taiwan’s credit card balance at $3.79b in July
The amount of undue balance of installment rose whilst the delinquency ratio fell.
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1. MAS, banks move to address PayNow surcharge amid fee concerns 2. DBS forecasted to post softer Q3 earnings, maintain DPS at S$0.60 3. HSBC, Juspay unveil acquiring platform for merchants 4. Standard Chartered accelerating gen AI, data training for workforce 5. Philippine credit confidence stalls amidst fraud worriesResource Center
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