Cards & Payments
China and New Zealand renew currency swap facility
China and New Zealand renew currency swap facility
It is valid for 5 years and has been renewed three times before.
StanChart, Ant, Swift launch bank-to-wallet payments using ISO 20022
The first transaction was completed between a StanChart account and an e-wallet.
Mastercard names Richard Wormald as new APAC president in 2026
Paul Monnington will take over Wormald’s role as Australasia division president.
JCB, BNI launch corporate card for Japanese corporations in Indonesia
This is JCB’s first corporate card product in Indonesia.
2C2P clinches major payment institution license in Singapore
2C2P can now offer money transfer services in Singapore, amongst others.
APAC card payments to hit $39.6t by 2029 on improved infrastructure
In markets with low adoption, cards compete with QR payments and inadequate infrastructure.
AU Small Finance Bank launches digital payment service for Indians abroad
The service allows payments for domestic transactions.
Reward programs spur credit and charge cards usage in Japan
Credit card acceptance across merchants had also expanded in recent years.
Wing Bank Cambodia launches Mastercard One Card combining debit and credit
The card features a numberless design for added security.
South Korea’s payment card market projected to reach $1t in 2025
This is driven by a growing preference for digital payments.
Ant, RayNeo to bring AR glasses payments cross-border with Alipay+
They plan to enable the use of AR glasses for in-store payments.
Digital apps now most preferred remittance channel
Banks, fintechs, remitters told to take note as it will shape customer expectations.
PayPay submits draft registration statement to publicly list in the US
The mobile payment service app makes use of QR codes and bar codes.
How is tokenisation reshaping cash management solutions?
HSBC and Citi allow 24/7 money transfers using the tech.
Airwallex crosses $200b in annualized transaction volume
It is gearing up to roll-out its point-of-sales (POS) terminals.
Philippine central bank orders banks, e-wallets to remove in-app gambling access
The suspension will remain in place until a policy is finalised.
Taiwanese cards’ revolving credit rise to $3.84b in June
The average ratio of delinquency is 0.29%.
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Thailand backs major conglomerates for digital banks but risks stifling innovation