Cards & Payments
BNPL firm Atome secures $75m facility from Lending Ark
BNPL firm Atome secures $75m facility from Lending Ark
Lending Ark has invested over $1b in Asia.
RCBC partners with MoneyHero to enhance credit card services
RCBC’s card products will be integrated in Money Hero’s digital platform.
OCBC, Ant Int’t to deliver embedded financial services to Indonesian SMEs
They believe that it will benefit thousands of small businesses.
SP Payment Service buys 13.8% of Nomupay’s shares for $40m
They aim to process client businesses’ payments in Asia and globally.
Companies seek real-time liquidity management to avert cash-flow crisis
There is increased corporate demand for liquidity and risk coverage, says HSBC.
Non-traditional providers reshape B2B payments landscape
By 2030, non-traditional providers could handle 75% of online consumer payments.
Visa launches AI-powered commerce initiative
It is working with Ant Int’l, Grab, and Tencent to enable an AI-powered checkout experience.
SCB, CardX to share credit limit info for credit card applications
The policy is effective 1 June 2025.
Indonesian and French central banks ink MOU on central banking cooperation
They will hold policy dialogues, joint studies or research, and data and information exchange.
APAC card payments markets to grow 4.3% to $24.7t in 2025
South Asia and SEA countries are skipping cards for mobile wallets, however.
KakaoPay Corp’s profits may more than double market estimates by 2027
CGS International expects KKP Securities to turn profitable in the current year.
Australia’s digital wallet market to surpass $130b in 2025
Increasing use of QR and NFCC payments are supporting this growth.
Less than half of Aussie firms adopting real-time payments: survey
About 2 in 3 believe that finance tech providers will shoulder the responsibility of assistance.
China and Indonesia expand scope of bilateral transaction cooperation
They will establish a framework to promote bilateral transactions in local currencies.
Japan’s JCB partners with PayXpert to expand card acceptance in Europe, UK
Card acceptance on POS terminals will be enabled at no additional cost.
Vietnam launches co-badged card with Mastercard and six banks
The card can be used in 650,000 points locally and 150 million points globally.
Krungsri to power payments of Thailand’s export-import certificate issuances
Users no longer need to physically visit service centers.
Commentary
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Digital transformation starts with leadership
The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’