Cards & Payments

FavePay teams up with Google Pay to offer cashback to Singapore users

Google Pay users can get up to a 20% cashback when they pay through SGQR.
1 day ago

FavePay teams up with Google Pay to offer cashback to Singapore users

Google Pay users can get up to a 20% cashback when they pay through SGQR.
1 day ago

Chart of the Week: South Korea’s card payments market to reach $1.2t in 2025

Government incentives will support its continued growth.
2 days ago

Singapore, India to link PayNow, UPI payment systems by mid-2022

Fund transfers from India to Singapore will only need mobile phone numbers.

Wider use of CBDCs for cross-border settlements dents banks’ fee income

Lenders will have to reduce cross-border fees once CBDCs become more mainstream.

Weekly Global News Wrap: Americans miss BNPL payments; Wells Fargo fined $250m

And Mastercard bets on crypto with acquisition of CipherTrace.

CIMB Niaga, JCB launch contactless credit card In Indonesia

Transactions below $70 (IDR1m) do not require customers to enter a pin.

Australia mulls requiring banks to offer lower-cost debit payment systems: report

Federal treasurer Josh Frydenberg has written to regulators to allow businesses to choose cheaper domestic systems.

HSBC Amanah bags Credit Card Initiative of the Year - Malaysia at ABF Retail Banking Awards 2021

Its ESG Charity credit card feature highlights the bank’s commitment to sustainability.

Chart of the Week: Australia card payments value to rebound 8.3% in 2021

The rising use of contactless and e-commerce payments will support the growth of the segment.

Chinese banks’ posed for e-payment scene comeback with digital renminbi’s launch

The e-CNY will support growth of banks’ e-payment customer base and improve overall financial stability.

Hong Kong’s ZA Bank launch new credit card repayment feature

Users can pay their credit card bills issued by any bank through ZA Bank, for a period of up to 72 months.

Chart of the Week: Thai card payments market to shrink 3.5% in 2021

Recovery is not expected to begin until end-2022, says GlobalData.

Hong Kong neobank ZA Bank launches early payday product

Users can get their monthly payroll up to seven days in advance, interest-free.

Cross-border payment startup Currenxie secures $10m Series A funding

The Hong Kong-based firm was founded by Goldman Sachs alumni.

South Korea card payments up 7% in July despite COVID resurgence

Online card payments are 28% higher than in July 2020.

NAB buys Citi’s Australian consumer business for $882m

Citi Australia’s senior management and about 800 employees are expected to join NAB.