Cards & Payments
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
And fintech Boost looks to raise $50m to $100m in possible new funding round.
Techcombank launches AI-powered money management services
It will provide insights on payment behaviors and analyze transactions.
Vietnam’s Techcombank sees net profits slide 17.1% in Q1
Net interest income fell, but net fee income rose.
Mastercard to remove first-use PVC plastics from payment cards by 2028
It will instead use recycled or bio-sourced plastics, the payments company said.
Alipay+ accessible in 11,000 SG Hawker Centre stalls
Users of the platform and partner e-wallets can pay through the SGQR.
Smiles Mobile Remittance adds bills payment for Filipinos in SG
This enables Filipinos based in Singapore to pay their bills via mobile phone.
Australia's Airwallex sets foot in Canada, targets to expand in the Americas
Canadian businesses can create payouts to 150 countries.
CIMB Bank and OxPay join forces for digital payment solutions
The partnership will serve as a starting point for additional talks that may involve signing separate agreements.
Hong Kong new-to-credit market tread path to recovery
The city reported 127,000 NTC customers in 2021.
Filipinos spent over 4 million hours using e-wallets in 2022: study
The country’s growing population will push the active user base higher.
Vietnam conducts training on central bank digital currency
The course aims to upskill SBV and relevant agencies in Vietnam.
Hong Kong-based Statrys launches SMEs cross-border payments system
The local payments solution will allow SMEs to make transactions in multiple currencies.
Reserve Bank of India grants Paytm regulator extension for PA license
The fintech company is still awaiting approval from the Government of India (GoI).
Shinhan Bank and E9Pay team up for overseas payment platform
The payment system will cater toward foreigners residing in South Korea.
UNO Digital Bank offers account opening services to GCash users
GCash users can open a savings or time deposit account with no minimum balance needed.
Value of CBDC payments to reach $213b annually by 2030: study
Adoption will be driven by governments boosting financial inclusion.
UOB’s Jacquelyn Tan on triumphing over expectations, biases to succeed in the banking industry
Tan shares how she leads 7,000 people across the region and her thoughts on women in banking.
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1. OCBC targets 100 senior leaders to be ICF ACC accredited by 2027 2. GXS Bank rolls out money lock feature 3. China CITIC Bank Int’l, Hang Seng Bank support offshore RMB repo reforms 4. HKMA study identifies AI and data analytics as key banking skills 5. Vietnam’s lenders bolstered by reforms and foreign direct investmentResource Center
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