Cards & Payments

Weekly Global News Wrap: Trump floats 10% card rate cap; Citi to cut 1,000 jobs

And Credit Agricole wins ECB approval to lift Banco BPM stake above 20%.

Australia’s big four banks loan deferrals, waive fees for bushfire victims

NAB is providing A$1,000 grants and additional financial relief, for example.

Ant International and Google to soon enable AI checkout in chat

The UCP establishes a common language for agents and systems to operate together.

Krungthai Card prioritises bottom line as loan expansion slows

The CEO has guided that the outlook for 2026 is gloomy, reports UOBKH.

Singapore keeps retail out of crypto for now

The central bank is unlikely to change its stance in the next two to three years.

Airwallex secures majority ownership of PT Skye Sab Indonesia

Indonesian merchants wanting to expand overseas can now do so via Airwallex.

Alipay+ sees tourist spending rise on foreign e-wallet use

Beauty clinic transactions and transportation transactions rose during the year.

NAB offers loan relief, fee waivers to Aussie bushfire victims

Those directly impacted may also be eligible for credit card payment deferrals, amongst others.

HSBC: Human oversight key as AI advances

AI tools should be deployed with strong oversight.

This week in finance: TenPay Global CEO on interoperable payments; tap-to-pay service roll-outs

OCBC and Vietnam separately strengthen their QR payment ties with China.

Tencent’s TenPay Global opens WeChat mini programs to overseas wallets

Visitors from other countries may now use their homegrown wallets inside Mainland China.

UnionPay and NAPAS launch China-Vietnam cross-border QR pilot

About 30,000 Vietnam merchants are set for QR payments by 2025.

Macau Pass and Alipay roll out tap-to-pay using mobile phones

Users will no longer need to scan a QR code, just tap their unlocked device in a terminal.

Fiuu unveils tap-to-pay contactless payments on iPhone

Merchants must have the Fiuu VT iOS app and at least an iPhone XS.