Cards & Payments
China’s mobile wallet growth driven by infrastructure, innovation
China’s mobile wallet growth driven by infrastructure, innovation
Digital giants fuel China’s high mobile wallet adoption rate.
Mastercard Pay Local links cards to APAC wallets
It allows consumers to use their Mastercard cards at over 35 million merchants.
90% of cross-border payments reach banks within an hour
But transparency remains a challenge for cross-border payment systems.
CredAble digitises financing to boost global trade efficiency
The firm addresses fragmented working capital financing.
Citi, Fidelity demonstrate real-time settlement of MMF and digital FX
It might enable faster, seamless management of treasury positions.
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion
As Southeast Asia’s economies are becoming increasingly interconnected, there are plenty of opportunities for global firms to make cross-border...
IATA to offer digital currencies in its financial settlement systems
It will being offering the digital renminbi in the China Billing and Settlement Plan.
Weekly Global News Wrap: Ayala sells part of GCash stake; Some FIs halt trading with Nomura
And Jamie Dimon blasts several US regulatory initiatives.
PayNways Simplifies Global Payments for User-Friendly Experience
Payments industry needs more simplification.
Fintechs drive instant, low-cost cross-border payment solutions
Direct access to local payment schemes expected in 2025.
Immediate settlements drive e-commerce scalability worldwide
Most countries are looking at implementing real time payment clearing systems.
Correspondent banks raise costs in cross-border payments
Inefficiencies in cost, speed, and data standards hinder global payment processes.
HSBC unveils invitation-only credit card for ultra wealthy clients
It debuted in Hong Kong and will launch in Singapore and India next.
Siam Commercial Bank unveils cross-border payments using stablecoin
Stablecoins will be used for settlements of payments and remittances.
PH central bank, German banknote printer ink MOU for payments and currency mgmt
They will research digital payments and banknote substrate.
Payments’ revenue to grow by $700b in the next five years
APAC accounted for $1.1t of payments revenue as of 2023.
JCB cards now accepted by GHL merchants in Malaysia, Thailand, Philippines
An estimated 480,000 payment touchpoints are involved.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks