Cards & Payments
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
3 hours ago
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
3 hours ago
Philippine central bank rolls out Intraday Settlement Facility
The ISF is designed to support a paperless process.
3 days ago
KPay merchants can now accept payments from HSBC’s PayMe app
Over 33,000 merchants in KPay’s Hong Kong network can now accept PayMe payments.
4 days ago
Over 600,000 payment cards’ info stolen
Over 99% of stolen data include names, computer files, amongst others.
China’s XTransfer gains in-principle approval for Singapore MPI license
XTransfer plans to launch e-business wallet services in the Lion City.
Philippine remittances up 3.7% to $2.88b in May
Cumulative personal remittances rose by 3% during the month.
Indonesia and South Korea to enhance cross-border payments
The central banks expect that it will promote digital economy and benefit the tourism sector.
Bangkok Bank launches scan-to-pay shortcut
Over 68 million transactions were made using this function in May 2024.
BNP Paribas, Ant Int’l ink MOU to enhance cross-border payments
The MOU includes the further development of Ant’s Whale platform.
Taiwan credit card firms’ see lower balance in May
There were less credit cards active compared to April.
Fave Singapore clinches in-principle approval in Singapore
It can now offer account issuance and domestic money transfer services in SG.
Alipay+ payments now available in European taxi app FREENOW
Tourists from China, Hong Kong, and Malaysia can use their local e-wallet to pay.
SCB’s Easy and Mae Manee apps temporarily unavailable on select dates
SCB is upgrading its Easy App.
Ant Group and Mastercard extend payments program to Chengdu, Chongqing
Tourist spending using Ant Group’s digital payments rose 13-fold in the two cities.
Ant International acquires Dutch payment service provider MultiSafepay
Ant will integrate MultiSafepay into its subsidiary Antom.
Taishin Bank and JCB launch card offering 3.8% rewards rate
JCB is offering a 5% rewards rate for all spending in Japan and in South Korea.
Fintech Airwallex records 84% revenue growth
Its Australia and New Zealand business saw revenue grow by 93%.
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1. Let China’s small banks fail– analyst 2. DBS launches bond portfolio managed by BlackRock 3. OCBC unveils next-generation programme for wealthy customers 4. KPay merchants can now accept payments from HSBC’s PayMe app 5. HSBC, SBF to help Singapore businesses scale GBA, India, Middle EastResource Center
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The Future of Payments: Ensuring Stability, Embracing Innovation
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As technology continues to evolve, financial institutions must persist with refining seamless and secure payment experiences for consumers.
As technology continues to evolve, financial institutions must persist with refining seamless and secure payment experiences for consumers.
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