Cards & Payments
QR codes and low costs drive mobile wallet adoption in APAC
QR codes and low costs drive mobile wallet adoption in APAC
Even cash focused countries like the Philippines, Thailand, and Malaysia saw a high level of adoption.
India’s credit and charge card payments market to grow 15.5% in 2024
Credit and charge cards accounted for 75.7% of total card payment value in 2023.
Alipay+ sees overseas use of payment partner apps triple in 9M 2024
Spending for F&B, attractions, and transportation recorded double-digit increases.
Breaking barriers: Building the future of cross border payments in Southeast Asia
Global value of cross-border payments is expected to reach $250t by 2027.
3 in 5 use real-time cross-border payments to send money to family and friends
This is higher than those who use it to pay for goods and services.
Chart of the Week: Malaysia e-commerce sees rise in alternative payments
Brands such as GrabPay and ShopeePay are popular payment methods.
JCB enables Google Pay payments via contactless terminals
Customers can now add their credit/debit JCB card to Google Pay.
How commercial cards can redefine B2B payments
Over 8 in 10 bank execs believe that virtual cards improve organizational processes.
Vietnam’s VP Bank, Lotte team up to offer buy now pay later services
They will also issue co-branded cards in Vietnam.
Axis Bank, Mastercard, launch credit card for business owners
Cardholders will gain access to select airport lounges and are offered travel insurance.
Chart of the Week: NZ card payments to reach $75.1b by 2028
The market is expected to grow at a compound annual growth rate of 4.1%.
Funding freeze hits BNPLs
Investors are putting less cash towards BNPL providers, who already grapple with thin margins.
Malaysia, Cambodia launch cross-border QR payment linkage
The initiative’s first phase has concluded as of 19 September.
8 in 10 payment leaders eye tech overhaul, seek to reduce fraud
Leaders from Singapore and Australia name reducing fraud as a key objective.
Siam Commercial Bank provides Android devices to Thai merchants for contactless payments
SoftPOS will give SCB 500 Android devices.
Visa, dtcpay launch card enabling digital currency conversion
The card will be available for public registration in Q4 2024.
SMBC joins Project Agora to explore tokenized cross-border payments
Project Agora involves BIS and seven central banks globally.
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Why Singapore’s fast payments need faster protections