Cards & Payments
Vietnam’s card payments market to hit $37.6b in 2022
The government’s cashless payments push is helping the market.
Vietnam’s card payments market to hit $37.6b in 2022
The government’s cashless payments push is helping the market.
Real-time Payments: The Time to Act is Now
Around the world, people now expect real-time experiences in everything they do, and payments are no exception.
Fintech funding slows as COVID-driven digital hype fades
Valuations of technology stocks, both public and private, are down 60%, analysts said.
J.P. Morgan appoints Madhav Kalyan as head of Asia Pacific payments
Kalyan succeeds Sridhar Kanthadai.
Kakao Bank, Kakao Pay shares tumble as fire disrupts services: report
All services under Kakao were severely affected by the data center fire.
BNPL, digital wallets accelerates growth of e-commerce fraud: study
Global e-commerce fraud will exceed $48b in 2023, and 22% will be from Asia.
Alipay+ to enable cross-border payments to South Korea for four Asian e-wallet
Users of these e-wallets can now pay over 120,000 merchants in South Korea.
AEON Credit H1 revenue soars 11.8%
Profit after tax increased by $22.52m
American Express opens exclusive lounge in SG for Centurion card holders
Members can enjoy a complimentary welcome cocktail when they visit.
New Zealand card payments market to be valued $67.1b in 2026
On average, each NZ individual holds over three cards, GlobalData found.
SWIFT rolls out pre-payment prediction service for cross-border payments
It identifies possible problems in the future payment based on previous data from 9 billion transactions.
Malaysia’s card payment market value to grow 15.2% in 2022
A perfect storm for card adoption is brewing in the country.
Buy Now, Pay Later firms' credit losses on the rise
The largest BNPL providers have doubled their delinquency rates over the past few quarters.
Boom or bust? Buy now pay later flourishes but with default risks rising
Rising rates and tightening policies hurt borrowers’ repayment capacities and push up operating costs.
Citi completes sale of Philippine consumer business to UnionBank
The sale includes the transfer of 1,540 staff to the Philippine bank.
PayMongo, Atome offers BNPL services to 10,000 Philippine merchants
This comes as the share of cash payments is expected to fall further by 2025.
Card payments in South Korea to breach $1t: GlobalData
The average frequency of credit card usage in the country grew 137.5 times in 2022.
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