Cards & Payments
Chart of the Week: Japan’s credit card payments to grow 9.2% in 2021
Chart of the Week: Japan’s credit card payments to grow 9.2% in 2021
Easing of restrictions, government support, and the Olympics will support growth.
Chart of the Week: South Korean card payments to grow 4.9% through 2024
Average frequency of use is 136.2 times in 2020, higher than in France, US, and UK.
India’s largest bank invests in payment services provider Cashfree
Cashfree processes $20b worth of transactions annually.
Maybank introduces two new designs for Family & Friends Card
New customers may choose between the original black, as well as the new lilac and silver designs.
Pandemic accelerates Singapore’s cashless push by four years: Visa study
About 31% of locals pick contactless cards as their most preferred payment options.
Chart of the Week: Hong Kong card payments value to grow 4.4% in 2021
This comes after two years of decelerating growth due to trade tensions, protests, and the pandemic.
Citi appoints new Singapore head of credit cards and personal loans
Serene Gay will oversee credit cards and unsecured lending covering Citi branded cards.
China to account for half of mobile payments worldwide by 2023
The country’s mobile payment transaction value is expected to hit $1.3t this year.
Chart of the Week: Card payments in China to rebound 21.3% in 2021
Card payments are set to rise as economic activities gathers pace.
China’s digital currency fails to excite locals: report
Chinese people showed little interest in switching from mobile payment systems of Ant, Tencent.
Singapore, Thailand launch real time cross-border payments system
Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.
Chart of the Week: Singapore’s card payments market to grow 10.2% in 2021
Business reopenings and ongoing COVID vaccination program will support spending.
DBS, J.P. Morgan, Temasek launch open platform for interbank payments
The three banks are building up on projects from their participation in Project Ubin.
Olympics, improving economy to push Japan card payments up by 9.5%
Card payments in Japan are expected to reach $1.1t by 2024.
Thai payment service provider GB Prime Pay now accepts JCB
The partnership expands the online merchant payment network in Thailand.
India's new digital payment licenses to increase competition, innovation
The NUE licensing has attracted the likes of Google, Amazon, and Facebook.
Indonesia upturns payments market with new foreign-friendly rules
The new regulations reduce the number of licenses and makes clinching foreign capital easier.
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Awards
Jul
08
Event News
The financial institution emerged as the recipient of the Green Deal of the Year - China and Green Deal of the Year - Singapore awards.
