Cards & Payments
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion
As Southeast Asia’s economies are becoming increasingly interconnected, there are plenty of opportunities for global firms to make cross-border...
IATA to offer digital currencies in its financial settlement systems
It will being offering the digital renminbi in the China Billing and Settlement Plan.
Weekly Global News Wrap: Ayala sells part of GCash stake; Some FIs halt trading with Nomura
And Jamie Dimon blasts several US regulatory initiatives.
PayNways Simplifies Global Payments for User-Friendly Experience
Payments industry needs more simplification.
Fintechs drive instant, low-cost cross-border payment solutions
Direct access to local payment schemes expected in 2025.
Immediate settlements drive e-commerce scalability worldwide
Most countries are looking at implementing real time payment clearing systems.
Correspondent banks raise costs in cross-border payments
Inefficiencies in cost, speed, and data standards hinder global payment processes.
HSBC unveils invitation-only credit card for ultra wealthy clients
It debuted in Hong Kong and will launch in Singapore and India next.
Siam Commercial Bank unveils cross-border payments using stablecoin
Stablecoins will be used for settlements of payments and remittances.
PH central bank, German banknote printer ink MOU for payments and currency mgmt
They will research digital payments and banknote substrate.
Payments’ revenue to grow by $700b in the next five years
APAC accounted for $1.1t of payments revenue as of 2023.
JCB cards now accepted by GHL merchants in Malaysia, Thailand, Philippines
An estimated 480,000 payment touchpoints are involved.
OCBC launches MyOwn bank account for children and teenagers
It will enable them to monitor their account and make PayNow transactions.
OCBC teams up with Disneyto boost new customer growth in SEA
The collaboration will kick off in Singapore with the soft launch of the OCBC MyOwn Account.
OCBC has partnered with Disney in a five-year...
Vietnam’s debit card payments market to be worth $65.6b in 2028
The rising number of banked Vietnamese is pushing up adoption, although payment usage remains low.
Taiwan credit cards’ balance rose in August
But the amount of monthly retail sales was 7.96% lower than in July 2024.
Overseas Filipinos’ remittances up 3.3% to $3.2b in August
Cash remittances coursed through banks rose by 3.2% during the month.
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Commentary
Electronic trading proves its strength in times of volatility
Navigating liquidity challenges for VCs in Asia Pacific
Show, don’t tell: Asian banks need to prove simplification works – here’s how