Cards & Payments
Fintech funding in SEA freefalls 74% in Q3
Fintech funding in SEA freefalls 74% in Q3
Rising interest rates, macroeconomic factors, and fear of reduced startup valuation caused this downfall.
Vietnam records 103 million domestic cards, emphasises cashless scheme
The government has been promoting a cashless payment scheme in line with its national financial inclusion strategy.
Alternative payments dominate India’s e-commerce payments
Mobile and digital wallets make up 58.1% of all e-commerce payments in 2023.
JCB unveils special Hokkaido shopping offers for foreign cardmembers
JCB cardmembers with plastics issued outside Japan will enjoy special shopping offers.
HSBC SG unveils blockchain workflow solution for property developers
It enables developers to fully automate their payments and digitalise their workflows.
ANZ pays A$15m fine for excessive credit card advance fees
ANZ reportedly breached the ASIC Act and the National Consumer Credit Protection Act.
10 overseas e-wallets now usable in China
Alipay+-in-China’s programme added seven new Asian e-wallets.
JCB, Indonesia’s BNI launch credit card with focus on dining
Cardholders will get a $974 cashback if they spend $9,750 across a certain period.
170 int'l wallets accepted by UnionPay, China
Hong Kong and Macau residents can now use UnionPay App, Octopus card, and BoC Pay.
APAC leads globally in terms of cashless transactions – Survey
Evolving risks like geopolitics and cybersecurity are a call for better cash management services.
National Payments Corporation of India, Fonepay tie up for cross-border QR-code
Both companies have completed operational preparations.
YouBiz unveils multi-currency corporate cards in Singapore
The card can be issued in 9 currencies without FX fees or monthly subscription fee.
Australia’s Zip teams up with Primer to accelerate US expansion
Primer is expected to help drive distribution of Zip’s BNPL services in the market.
Citi makes new appointments in APAC treasury and trade business
Sumanta Panigrahi is the new APAC TWCS head, whilst Thus De Silva is the new APAC head of commercial cards.
ASIC to take PayPal to court for unreasonable term in SME contracts: Report
The regulator sees it unfair for PayPal to put a penalty over its own overcharging errors.
Grab-owned digital bank scores Bank Negara Malaysia approval
The bank started operations last 1 September.
Alipay+ touches down in the Philippines revealing three new mobile wallets
It will be made available to merchants in Manila and Cebu.
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1. OCBC targets 100 senior leaders to be ICF ACC accredited by 2027 2. China CITIC Bank Int’l, Hang Seng Bank support offshore RMB repo reforms 3. GXS Bank rolls out money lock feature 4. Vietnam’s lenders bolstered by reforms and foreign direct investment 5. HKMA study identifies AI and data analytics as key banking skillsResource Center
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Asian Banking & Finance Fintech Awards 2025 Winner: Lester Cruz of Singlife Philippines
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