Cards & Payments
Visa appoints Elaine Chang as group general manager in greater China
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.
Ant Int’l and e-wallets launch partnership for enhanced protection
Ant International, alongside e-wallets and payment firms in Asia, have launched the Digital Wallet Guardian Partnership with the goal of strengthening...
Philippines anchors NTT DATA’s Southeast Asia strategy
ADAPTIS will drive omnichannel growth and local innovation.
NTT DATA drives interoperability in digital payments
Growth opportunities seen through cross-border interoperability and SME-focused solutions.
NTT DATA's ADAPTIS targets 43% payments adoption gap
It will fix reliability issues, correct cash misconceptions, and offer value-driven solutions.
Chart of the Week: Thailand’s POS card payments gain ground as ATM use shrinks
But ATM card usage still dominated.
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
Commentary
Electronic trading proves its strength in times of volatility