Cards & Payments
Cambodia-based fintech Clik secures $3.7m seed round funding
Cambodia-based fintech Clik secures $3.7m seed round funding
The payments startup said that it is on track for a nation-wide launch by end-2020.
Deutsche Bank partners with fintech Airwallex for cross-border payments service
Merchants using Airwallex do not need to open bank accounts to collect payments.
Consumer spending to spur growth in Taiwan card payments
The value is expected to reach $200.2b by 2024 at a CAGR of 7.6%.
Chart of the Week: Lockdown easing drives card payments recovery in India
Fear of COVID-19 spread is driving consumers towards digital payment tools.
Hong Kong neobank WeLab Bank, Mastercard to launch numberless bank card
It will be available for use immediately after opening an account with the lender.
Rapyd partners with local payment players to launch service in India
It has partnered with local players to allow merchants to access 900 locally-preferred payment methods.
South Korea's credit card use shrinks 2.1% amidst the pandemic: report
Daily average use of contact-free spending jumped 12.7% from Feb to May.
Chart of the Week: COVID-19 hastens digital payments exodus in APAC
Business activities and consumer spending will further fast-track the growth.
Mastercard, Visa, payment networks launch online checkout solution in APAC
Customers need only to “click to pay” for their web purchases.
Malaysia's Instapay partners with Mastercard for e-wallet offering
They are targeting 100,000 users in the first year of launch.
Viet Capital Bank, 7-Eleven launch exclusive JCB Card
It subscribes customers to the loyalty programs of each company, respectively.
Myanmar Citizens Bank, JCB to offer co-branded debit cards
The new MCB International Debit Card offers discounts at 150 stories in Yangon.
Mastercard and fintech EedenBull extend partnership to APAC payments
The partnership will support the company’s rollout of its commercial cards platform.
Consumer spending to drive card payments in South Korea
The sector is posed to grow at a CAGR of 4.3% from 2019 to 2024.
Chart of the Week: Australia's card payments to grow 5% CAGR in 2019-2024
Even small merchants are now pivoting to cashless payments, says GlobalData.
Hong Leong Bank launches cashless payments campaign
It begins with traders from five markets in Penang adopting the solution.
Cambodia floats blockchain-based payments system
Users of the platform will see transaction time reduced to less than 5 seconds.
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Its wealth centres, comprehensive solutions, and digital tools are at the core of its strategy.
Commentary
The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’