Cards & Payments
PCG, Black Bear Merchant Services team up to launch AbbyPay
PCG, Black Bear Merchant Services team up to launch AbbyPay
It plans to expand to Japan, Singapore, Malaysia, and Thailand.
JCB, AEON, and Biznet launch co-branded credit card
The credit card will offer exclusive discounts and cashback.
Airwallex reports double-digit revenue, transaction growth for Q3
It expanded its startup and investment platforms in 2024.
Bank of America’s CashPro app set to hit $1t in payment approvals
The platform is reportedly used by around 40,000 companies globally.
National Bank of Cambodia, Mastercard team up to launch Bakong Tourists App
Tourists can top up their account by linking it to their Mastercard.
Weekly Global News Wrap: China, HK regulators to boost offshore listings, Crédit Agricole to raise stake in Banco BPM
And Google Payment Corp. is under federal supervision over risks to consumers.
Reserve Bank of India raises offline payment limits
The cap for transactions increased to $11.81 from $5.90.
Ant International joins SWIFT program exploring cross-border treasury mgmt
The program explores business scenarios on cross-border end-to-end transactions.
Visa inks MOU with Vietnam's FPT to modernize public services
They aim to expand access to finance by equipping SMEs with business credit cards.
PH central bank completes proof-of-concept test for wholesale CBDC
Project Agila enabled banks to transfer funds during off-business hours.
Cross-border shopping, e-wallets to shape Philippine payments in 2025
Evolving security frameworks will also redefine the payments experience, says Visa.
Deutsche Bank unveils Merchant Solutions in Australia, India, Indonesia, and SoKor
It is a global payment acceptance platform that gives access to local payment methods in a market.
Indian banks told to bring down number of inoperative, frozen accounts
Many of these result from banks’ backlog in their period verification of bank accounts.
Siam Commercial Bank inks MOU with Thailand Privilege Card
It will provide financing and investment services to card members.
GCash eyes 2025 IPO, looking to raise up to $1.5b
If successful, this is slated to be the biggest IPO in the Philippines.
GHL’s Malaysia terminals can now accept cross-border payments via DuitNow QR
Over 480,000 merchant touchpoints are covered by the expansion.
Vietnam’s debit card payments to reach $65.6b in 2028
Debit card use is dominant, but still limited to cash withdrawals.
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
Commentary
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Thailand backs major conglomerates for digital banks but risks stifling innovation