Cards & Payments
Citi makes new appointments in APAC treasury and trade business
Sumanta Panigrahi is the new APAC TWCS head, whilst Thus De Silva is the new APAC head of commercial cards.
Citi makes new appointments in APAC treasury and trade business
Sumanta Panigrahi is the new APAC TWCS head, whilst Thus De Silva is the new APAC head of commercial cards.
ASIC to take PayPal to court for unreasonable term in SME contracts: Report
The regulator sees it unfair for PayPal to put a penalty over its own overcharging errors.
Grab-owned digital bank scores Bank Negara Malaysia approval
The bank started operations last 1 September.
Alipay+ touches down in the Philippines revealing three new mobile wallets
It will be made available to merchants in Manila and Cebu.
Card payments in New Zealand to grow 6.5% in 2023:GlobalData
It will reach about NZ$102.4b.
Indonesia, Malaysia, Thailand ink MOU for cross border bilateral transactions
The new framework is expected to synergise with cross-border payment initiatives.
PayPal is most popular digital payment option in Asia: study
In the BNPL space, Klarna, Atome, and Afterpay are the region’s most popular choices.
India’s card payments market to rise 28.6% to $337.1b in 2023
Consumers in India are increasingly embracing electronic payments, GlobalData said.
SEA payment transactions to climb $54t by 2027 – report
Vietnam and Indonesia will have the biggest share in payment transaction volume.
Survey shows half of commuters in APAC need a more efficient way of paying their fare – Visa
About 45% of commuters from APAC were open to fare capping if implemented.
Carbon offset purchases to be a $100b market by 2030
Financial institutions will play a large role in enabling carbon credit financing and carbon offset purchases, says Deloitte.
Chart of the week: alternative payments used in 1 in 3 online shopping transactions
Singapore’s e-commerce market is forecast to grow by 15% this year.
India’s card payments to triple in size by 2027: GlobalData
It is expected to triple in size to $728.2b in 2027 from last year’s $262.1b.
Citi Global Wealth unveils ULTIMA credit card for private bank clients
Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.
Luxury travel retailer DFS taps Alipay+ to offer cross-border payments for Asian travellers
DFS and Alipay are also developing other membership offers and rewards.
Hong Leong Bank, JCB, Soft Space drive JCB card use in Malaysia
Sofitel Kuala Lumpur Damansara has begun accepting JCB card payments.
UnionDigitalBank, Capital A launch embedded finance services in the Philippines
Amongst services to be offered is the “Fly Now, Pay Later” flexible payment option.
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HSBC Hong Kong shines at ABF Retail Banking Awards
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1. DBS and OCBC expected to deliver steady Q1 net profits 2. HK-based fintech KPay expands operations to Singapore 3. Endowus launches full-service digital wealth platform in Hong Kong 4. SC Ventures, ENGIE Factory back conservation financing venture 5. Hang Seng Bank warns against phishing emailAwards
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