Cards & Payments
Mastercard and Alipay enable real-time remittance in over 180 markets
Mastercard and Alipay enable real-time remittance in over 180 markets
Alipay’s 1 billion users in China can now transfer and pay with over 150 currencies.
Philippine neobank Zed offers credit card with no interest and no annual fees
It has reportedly received 25,000 sign-ups within three weeks.
Taiwan credit card firms’ hold $3.34b in revolving credit as of January 2024
A total of 37.89 million cards are active as of end-January, according to official data.
South Korean credit card firms report $1.93b net income for 2023
Total revenue and expenses rose during the period.
Chart of the Week: Australia’s card payments to rise 8% in 2024
Debit cards rise with Australians reluctant to take on credit card-related debt.
DCS Card Centre secures add’l $100m upsize in asset-backed notes
The funds will be allocated to finance DCS's receivables from retail and corporate customers.
Ant Group raises transaction limits in China for foreign users
Ten partner wallets can now enjoy the increased limits.
China raises annual mobile payment limit of foreign visitors to $50,000
The single transaction limit has also been raised to $5,000.
JCB offers 10% cashback to Skyliner ticket
Members with a JCB card issued outside of Japan can avail of the cashback.
South Koreans’ card spending up 32% to $19.22b in 2023: report
The number of Koreans who traveled overseas tripled in 2023.
Digido has served 1 million customers
Over 3 in 4 of the loans disbursed in 2023 were from repeat customers.
Tiger Brokers introduces debit card that gives fractional shares as rewards
It can be added to Apple Pay or Google Pay wallets for contactless payments.
Malaysia, Cambodia float plans to link domestic payment systems
They are also aiming to eventually enable cross-border QR payments between the two countries.
MAS investigating Samlit for allegedly failing to remit money to China
The money changer is suspected of failing to comply with obligations as a licensed payment service provider.
Visa reopens Singapore Innovtion Centre
Amongst those displayed is a pay-by-palm tech where you pay by scanning your palm.
Hong Kong’s credit card issuers advised to seek more merchant deals
Most issuers focus more on onboarding card users, the study found.
Maybank Singapore merchant terminals now accept JCB cards
JCB cards have over 156 million cardmembers worldwide.
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