Cards & Payments

Over 1 in 10 Filipinos lose money to scams

Over 1 in 10 Filipinos lose money to scams

Of those scammed, 38% were scammed more than ones, and only 4% reported to authorities.
6 days ago

Weekly Global News Wrap: Goldman execs eye $500m payout; Amex fined $350m

And global banks are bolstering their Japan debt capital market teams.

SBI Holdings forms digital asset JV with Mesh and Money Forward

The JV aims for seamless asset transfers between crypto exchanges and digital wallets.

Financial institutions lose up to $50m a year from failed payments

1 in 3 incur costs of over $20 every time a cross-border payment fails or is delayed.

Agentic AI threatens $75b of bank payments revenue by 2030

McKinsey says that $65b of deposit net interest income is at risk.

Vietnam pledges to improve non-cash payment policies

The central bank plans to expand access to low-income groups and people in rural areas.

GCash parent Mynt prices $844.6m IPO

The IPO is poised to become the largest IPO in Philippine history.

India's digital rupee struggles with retail but shines in wholesale

Its programmability can be used in disbursing credit and government securities settlements.

APAC payments revenue hit $1.3t by 2030 as deposit reliance slows

Transaction banking net interest income will also slow annual growth.

Swift aims to make cross-border payments as easy as domestic transfers

DBS, Commonwealth Bank of Australia, AP+, and IDFC FIRST Bank are amongst the participants.

MNC Bank rolls out 3 credit cards with JCB and Kawasaki

One card offers a complimentary towing service and 10% discount on spare parts.

Antom taps three DOKU executives to lead Southeast Asia operations

Alsagoff is head of product for Antom SEA whilst Yeo will head Antom Philippines.

CBA, ASB, BofA join consortium for AI commerce rules

Their next step is to detail how the principles can be implemented.

Most SMEs eye switching cross-border payment provider in 2 years: poll

SMEs in Indonesia and India are the most likely to shop around with at least four providers.

Stablecoins could split Asia’s payment systems further

Some 44% of finance professionals may use digital currencies within two years.

Indonesia payments growth slows to 12.6% through 2032

Digital transaction volume is projected to reach 147b by 2032 from 49.7b in 2025.

Krungthai Card’s profit likely to rise in Q3 but provisions to rise: UOBKH

KTC’s management said the quality of potential clients remains a concern.