Cards & Payments
Singapore forms buy now, pay later working group to develop framework
Singapore forms buy now, pay later working group to develop framework
The working group is calling out to local organisations offering BNPL to join their ranks.
Chart of the Week: India’s mobile wallet payments market to hit $4.1t in 2025
In 2022, the market will grow to $1.7t, according to GlobalData.
Weekly Global News Wrap: Citi’s commercial business to hire 900 staff; Russian payments pivot to China amidst sanctions
And global financial conditions are expected to tighten further over the coming years.
Could Bakong pave the way for digital currency in Cambodia?
Similar to its namesake, the platform is now the backbone of the country’s digital payments system.
Singapore to block certain Russian banks, financial transactions
The government is also donating US$100,000 for Ukranians’ humanitarian needs.
Standard Chartered, IATA launch airline payment platform in India
IATA Pay offers instant payment options such as UPI Scan & Pay and UPI Collect.
Taiwan SME loans reach $310b in December 2021
The FSC also reported numbers on credit card, cash card, and e-payment businesses.
China’s card payments market to hit $34t by 2025
The market is expected to register a strong growth of 17% in 2022.
Chart of the Week: Singapore card payments value to grow 8% in 2022
Contactless cards are a key driver of growth.
Singaporeans want more biometric payment cards —survey
Latest industry survey reveals 88% of Singaporeans prefer biometric cards.
3 in 5 in SEA wants OTP through SMS for every e-payment transaction
Others want two-factor authentication or biometrics as security options.
DBS acquires Citi’s Taiwan consumer banking business
DBS will pay Citi in cash for the net assets plus a premium of S$956m.
Maybank SG new banking app enables online SME current account opening
The new Maybank2u SG (Lite) app offers e-angbao gifting and other money management features.
Indonesia launches real-time payments infrastructure BI-FAST
Twenty banks are already live and have access to 24/7 real-time credit transfers.
Chart of the Week: Vietnam’s card payments market to grow 24.1% in 2022
Strong anti-COVID measures allowed the market to reduce the pandemic’s impact.
Payments platform Yeahka is China’s top non-bank QR payment service
Transaction size reached $156.24b in 2021.
Chart of the Week: Indonesia’s card payments market to grow 10.7% in 2022
Growth will be driven by the rise of debit card use.
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1. OCBC new investors triple as bank braces for 2026 gold, silver uptick 2. How digital payments are forcing QSRs to rebuild checkout and staffing 3. MariBank links remittances to Weixin Pay via TenPay Global 4. DBS pilots Visa Intelligent Commerce for agent-initiated payments 5. Japanese banks face bond yield shocks as yields hit 2.23%Resource Center
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