Cards & Payments
China and Indonesia expand scope of bilateral transaction cooperation
China and Indonesia expand scope of bilateral transaction cooperation
They will establish a framework to promote bilateral transactions in local currencies.
Japan’s JCB partners with PayXpert to expand card acceptance in Europe, UK
Card acceptance on POS terminals will be enabled at no additional cost.
Vietnam launches co-badged card with Mastercard and six banks
The card can be used in 650,000 points locally and 150 million points globally.
Krungsri to power payments of Thailand’s export-import certificate issuances
Users no longer need to physically visit service centers.
Citi Services launches PayTo initiator for institutional clients
The bank’s clients can initiate account-to-account payments from the service.
Digital wallets dominate Singapore’s e-commerce payments value
Cards remain the top choice for point-of-sales (POS) spending, according to Worldpay.
PayPal enables payment acceptance from over 200 markets
The new solution allows businesses to hold multicurrency balances.
Australia cancels licence of Queensland’s Thistle Financial Group
It has reportedly ceased to carry on a financial services business.
Taiwan’s credit card balance rise in March
Undue balance of installment was approximately NT$167.5b for the period.
What will drive Indonesia’s credit card market to a 9.8% CAGR?
In 2024, the market saw a 7.8% rise in value.
Australia's card acquiring market to grow 5.5% in 2025
This marks a slower pace of expansion compared to previous years.
China’s XTransfer granted electronic money institution license in the Netherlands
They plan to expand services across 30 countries in Europe.
Bhutan enables national-level crypto payment with Binance Pay
The QR payments are expected to accept over 100 cryptos.
Chart of the Week: Australia’s credit and charge market to rise in 2025
Benefits and flexible repayment options is driving frequency of use.
Total spending in China via Alipay’s overseas wallets doubled during Labor Day holiday
Alipay Tap! also saw a 50% rise in spending during the period.
Bangkok Bank connects with China’s fund transfer network
This is expected to reduce transaction times and costs for export-import businesses.
Cambodia and Japan enable QR code payments between the two countries
Bakong system users can pay using JPQR, and Japanese users can eventually pay through the KHQR.
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