Cards & Payments
Fintech Nium chosen to issue virtual cards for HappyEasyGo
Fintech Nium chosen to issue virtual cards for HappyEasyGo
Nium is able to fund and issue virtual cards in over 20 local currencies.
Chart of the Week: 8 in 10 Chinese people use mobile wallets
Alipay and WeChat pay each have 1 billion users globally.
Swift extends ISO 20022 across entire payment chain
It worked with 14 banks globally, to standardise payments.
Korea’s Shinhan Card likely to maintain stable capital and liquidity
However, asset quality and profitability are expected to weaken, says Moody’s.
Singapore, Japan renew bilateral swap arrangement
Singapore can swap up to $3b whilst Japan can swap up to US$1b.
China, Thailand ink MOU to enhance local currency use
They will also promote cross-border payment and settlement.
Japan’s payment volumes rise by 50% in cherry blossom season
Rich travellers spend 20% of their budget on accommodation, Visa found.
Thai central bank’s digital payments on ‘top of the world’
The Bank of Thailand is eyeing to expand connectivity with more countries.
Wise launches in the Philippines with fee-free money transfer service
Users can receive and spend money internationally and create up to 3 cards.
Alipay+ and Thai tourism body launch D-Hub program for Chinese tourists
Over 2.35 million Chinese tourists visited Thailand in January to April 2024.
DBS Hong Kong, Sun Hung Kai subsidiary unveil green payments
The supplier payment services are for Hong Kong’s construction industry.
Sumitomo Mitsui Card offers 1.98% merchant fees to SMEs
SMEs in Osaka will also be able to avail of an android terminal for free.
Atome’s BNPL debuts on Taobao Singapore
Every Saturday, Atome shoppers can enjoy a $12 off for a $120 minimum spend.
Indonesia, UAE team up to promote local currency use in bilateral transactions
UAE and Indonesia's non-oil trade grew to $3.1b between 2017 and 2023.
Taiwan e-payments rose to $475.4m in Q1
A total of 1.897 billion non-cash payment transactions have been recorded.
Taiwan cards' revolving credit rise to NT$107.3b in March
There are over 37 million active credit cards on the island.
Chart of the WeekL 1 in 2 e-commerce purchases in New Zealand use payment cards
Cash accounted for just 3% of all e-commerce payments.
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