Cards & Payments
American Express opens exclusive lounge in SG for Centurion card holders
American Express opens exclusive lounge in SG for Centurion card holders
Members can enjoy a complimentary welcome cocktail when they visit.
New Zealand card payments market to be valued $67.1b in 2026
On average, each NZ individual holds over three cards, GlobalData found.
SWIFT rolls out pre-payment prediction service for cross-border payments
It identifies possible problems in the future payment based on previous data from 9 billion transactions.
Malaysia’s card payment market value to grow 15.2% in 2022
A perfect storm for card adoption is brewing in the country.
Buy Now, Pay Later firms' credit losses on the rise
The largest BNPL providers have doubled their delinquency rates over the past few quarters.
Boom or bust? Buy now pay later flourishes but with default risks rising
Rising rates and tightening policies hurt borrowers’ repayment capacities and push up operating costs.
Citi completes sale of Philippine consumer business to UnionBank
The sale includes the transfer of 1,540 staff to the Philippine bank.
PayMongo, Atome offers BNPL services to 10,000 Philippine merchants
This comes as the share of cash payments is expected to fall further by 2025.
Card payments in South Korea to breach $1t: GlobalData
The average frequency of credit card usage in the country grew 137.5 times in 2022.
India crackdown on non-bank lending to hit fintech investments
Deal activity in Q2 was 25% lower than the previous quarter.
SMEs embrace flexible payments as consumers seek digital options
This is accompanied by the rise of biometrics to safeguard accounts.
CIMB Niaga, JCB Indonesia launch digital credit card
The card offers 10% cash back for online transactions through OCTO Mobile.
BigPay unveils cash pickup for remittances to the Philippines, Indonesia
It boasts over 14,000 pickup locations across the two countries.
Alternative payments dominate Asia as credit card use dwindles
BNPL may not be the plastic killer everyone touts it to be, but it's attracting underserved customers.
Visa launches program enabling small business to accept digital payments
The programme is now open to payment facilitators in APAC.
Over 17 million Koreans use online financial services daily: central bank
Two in three Korean respondents use mobile financial services.
E-payments poised to replace credit cards in China, Indonesia: Experian
Buy now, pay later has been eagerly embraced by Indonesians.
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