Cards & Payments
What's up with central banks' craze around digital currencies?
What's up with central banks' craze around digital currencies?
Whilst it may improve payment systems, card firms and payment platforms won’t be happy with the potential new competition.
Chart of the Week: Singapore card payments to rebound 10.2% in 2021
Card payments are expected to reach $96.5b in three years’ time.
'Buy now, pay later' flourishes in APAC as credit demand booms
Unlike credit cards or loans, there are no fees in BNPL if payments are made on time.
E-wallets to overtake cash in Singapore's in-store payments by 2024
Cards will remain king, but e-wallets will overtake them in online purchases.
Chart of the Week: APAC card payments to grow 19.2% in 2021
Banks and payment firms are stepping up their card game to encourage cashless spending.
Chart of the Week: Growth of local e-commerce drives rise of e-payments in Australia
Buy now, pay later solutions are popular amongst Millennials.
PayPal is first foreign operator to fully own Chinese payments business: report
It bought the remaining 30% stake of GoPay last December.
Singapore tightens regulation of virtual payment entities to combat risks
DPT activities carry higher inherent money laundering and terrorism financing risks.
Chart of the Week: India's payments via UPI to reach $1.7t in 2025
The entrance of WeChat Pay is expected to intensify competition in the payments space.
Chart of the Week: Pandemic drives e-commerce adoption in Malaysia
International e-wallets such as Google Pay and Masterpass are gaining steam.
Alternative payments reign supreme in Indian e-commerce market
Share in transactions hit 54% this year.
Citibank granted domestic fund custody licence in China
The bank can now provide custody services to Chinese mutual and private funds.
Mastercard establishes local office in Myanmar
It also plans to appoint a country business development manager.
Singapore fintech LytePay, Rapyd launch e-wallet for ERA Realty agents
Real estate salespersons will now be able to instantly use their commissions.
Vietnam's Mcredit, JCB launch credit card
Card members can enjoy a zero-interest installment at thousands of merchants in Vietnam.
Chart of the Week: Japan card payments to grow 2.1% in 2020
Pandemic-related fears is crippling away at cash payment’s dominance.
Chart of the Week: Pandemic spurs card payments growth in Singapore
Backing from banks and merchants has made contactless payments mainstream.
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The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’