Cards & Payments
MUFG eyes enhancing intra-Asia flows, sustainability, O&D in FY2025
MUFG eyes enhancing intra-Asia flows, sustainability, O&D in FY2025
They are looking into AI as a means to adopt more sustainable and digital practices.
1 in 2 Gen Alpha has digital wallet, investment account
Over half uses a digital wallet, and nearly the same share has an investment account
Visa unveils option to switch between debit and credit card in Vietnam
The Visa Flex Credential enables cardholders to do the switch via their bank app.
India’s payments central body launch training programmes for cybersecurity
They will also develop an exclusive NPCI-certified payment security cert. programme.
Taiwan’s credit card balance rose in April
The amount of undue balance of installment fell from the previous month.
APAC companies brace for more “ultra long payment delays” in 2025
Over 57% of 2,400 companies surveyed expect a deterioration in late payments.
Deutsche, Ant teams up to improve cross-border payments
They will work on global treasury management and cross-border payment projects.
BNPL firm Atome secures $75m facility from Lending Ark
Lending Ark has invested over $1b in Asia.
RCBC partners with MoneyHero to enhance credit card services
RCBC’s card products will be integrated in Money Hero’s digital platform.
OCBC, Ant Int’t to deliver embedded financial services to Indonesian SMEs
They believe that it will benefit thousands of small businesses.
SP Payment Service buys 13.8% of Nomupay’s shares for $40m
They aim to process client businesses’ payments in Asia and globally.
Companies seek real-time liquidity management to avert cash-flow crisis
There is increased corporate demand for liquidity and risk coverage, says HSBC.
Non-traditional providers reshape B2B payments landscape
By 2030, non-traditional providers could handle 75% of online consumer payments.
Visa launches AI-powered commerce initiative
It is working with Ant Int’l, Grab, and Tencent to enable an AI-powered checkout experience.
SCB, CardX to share credit limit info for credit card applications
The policy is effective 1 June 2025.
Indonesian and French central banks ink MOU on central banking cooperation
They will hold policy dialogues, joint studies or research, and data and information exchange.
APAC card payments markets to grow 4.3% to $24.7t in 2025
South Asia and SEA countries are skipping cards for mobile wallets, however.
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The financial institution bagged the ASEAN SME Bank of the Year, SME Bank of the Year - Hong Kong, and SME Bank of the Year - Indonesia.
Commentary
Beyond the code: How mobile banking is weaving a new financial narrative in Asia