Cards & Payments
Krungthai Card’s profit likely to rise in Q3 but provisions to rise: UOBKH
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.
APAC consumers trade transfer speed for fraud safety as deepfake fears rise
Singaporeans, Japanese, and Australian consumers are okay with a 24-hour transfer delay.
Over half of Asia-Pacific SMEs rely on bank transfers
Instant payments reach 55% usage whilst debit cards account for 52% of spending.
BSP sees lower transfer fees boosting digital payments, deposits
Some banks reported digital transactions rising by as much as 50%.
Ant International launches protocol for agentic AI payments
10 mobile wallets and 7 acquiring partners will adopt the protocol in the first phase.
Thailand seen tightening BNPL oversight with age and credit caps
The central bank will use data analytics and AI to monitor the sector’s practices.
New Zealand admits first non-bank member to payment settlement system
All payments must first settle in ESAS before reaching their destination.
Philippine regulator clears GCash parent for $1.48b IPO
It also approved a lower minimum initial public float of 12% instead of 15%.
Ant, Mastercard, Visa build common AI agent identity framework
They aim to streamline AI agent onboarding and identification.
Indonesia payments market to hit $127b in 2026 on e-money surge
Accelerating QR payments adoption is in part driving growth, said Mordor Intelligence.
India card payments set to rise on banking expansion and UPI integration
The PMJDY and JAM initiatives are expanding access to formal banking, said GlobalData.
Stablecoin payment growth slows to 23% in 2026
Early data shows business-to-consumer transfers expanding fastest at 28%.
Mastercard names Beena Pothen division president for West Southeast Asia
She was previously country manager for Malaysia and Brunei.
CBA cuts merchant service fee to 0.99%
CBA expects this to help businesses with costs, as card surchaging is set to end in October.
Hong Leong Bank debuts HLB opus credit card
The card is crafted in ceramic, the Malaysian bank said.
Asian travelers demand integrated payment wallets, study says
They want booking and reservations in a single app.
Citi processes live Swift blockchain transactions with OCBC and FAB
Citi expects to conduct similar transactions with DBS and UOB later in September.
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