Cards & Payments

The card payments market value grew 26.7% in 2022, according to estimates.

Added-value benefits of using cards help maintain its dominance.

Nambiar has worked across various roles in his 17-year career with Citi.

ISO 20022 is set to become the universal language of payments.

Usage will rise to 64 uses per card per year, from 45 annual uses a card in 2022.

BNPL brand Afterpay served 20 million customers in Australia alone.

Aggarwal will oversee the card payment provider’s activities across South Asia and India.

The exit does not include its institutional business, Citi said.

He is currently the global head of liquidity, deposits, and escrow solutions.

And Credit Suisse closes $4.25b capital raising.

She was most recently head of data solutions for Asia Pacific.

In the near term, rising interest rates may discourage card use.

Over 191,000 cards have already been issued since launch. 

The e-commerce market is expected to grow 10.5% in 2022.

Amazon Pay Later has over 3.7 million registered users in 2022.

The app has over 66 million users in a country of more than 111 million.