Cards & Payments
Australia's card acquiring market to grow 5.5% in 2025
Australia's card acquiring market to grow 5.5% in 2025
This marks a slower pace of expansion compared to previous years.
China’s XTransfer granted electronic money institution license in the Netherlands
They plan to expand services across 30 countries in Europe.
Bhutan enables national-level crypto payment with Binance Pay
The QR payments are expected to accept over 100 cryptos.
Chart of the Week: Australia’s credit and charge market to rise in 2025
Benefits and flexible repayment options is driving frequency of use.
Total spending in China via Alipay’s overseas wallets doubled during Labor Day holiday
Alipay Tap! also saw a 50% rise in spending during the period.
Bangkok Bank connects with China’s fund transfer network
This is expected to reduce transaction times and costs for export-import businesses.
Cambodia and Japan enable QR code payments between the two countries
Bakong system users can pay using JPQR, and Japanese users can eventually pay through the KHQR.
Alipay’s QR payment tap solution surpasses 100 million users
Ant Group said that it is investing CNY10b to grow the Alipay Tap! ecosystem.
Thailand’s credit and charge card payments to rise 7.1% to $65.6b in 2025
Benefits such as rewards points, discounts, and cashbacks helped push for its growth.
Payment infrastructure provider Juspay offers new office in Singapore
It shared plans to scale its Singapore team.
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Revolut rolls out five new currencies including Chinese Yuan
Users can now hold and exchange 39 different currencies directly in-app.
Ant International boosts SME treasury tools with World Card launch
The physical card will be launched later this year.
Thailand’s finance sector expected to log 5% net profit rise in Q1
However, most finance companies will likely miss loan targets
Visa, USSC Money Services enable Visa Direct for cross-border B2B payments
Visa Direct facilitates transfer of funds to eligible cards, bank accounts, and wallets.
Money transfer firm Wise hiring hundreds of roles in Hyderabad
It will launch a new hub in the city in the second half of 2025.
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