Cards & Payments
RCBC transforms mobile phones to payment terminals for MSMEs
RCBC transforms mobile phones to payment terminals for MSMEs
Merchants will be able to accept Mastercard and Visa card payments.
Indonesia, Thailand, Malaysia harmonise local currency transaction framework
Portfolio investments are now part of the eligible cross-border transactions.
BSP welcomes the Philippines' removal from AML/CFT grey list
The central bank said that it has strengthened its AML/CFT regime.
ABS warns of rise in card phishing scams
Banks will roll out additional verification, the ABS said.
Fintech Aspire, Visa launch corporate card for Hong Kong’s SMBs
Globally, 4 in 5 small and medium businesses are looking to sell overseas.
Airwallex hits $130b in transactions, up 30% since August
The company saw a 78% YoY surge in profit since Q1 2024.
Biometrics vs deepfakes: How we’ll pay in 2025
Biometrics, passkeys, and improved data flow will shape the global payment sector.
RBI proposes extra authentication for first-time online card use
Card issuers are mandated to validate the additional factor authentication.
Standard Chartered unveils cross-currency transaction FX solution
It offers competitive FX pricing and an automated FX payment service.
QR payments value to exceed $8t in 2029
Standardisation of national QR schemes and Apple’s NFC are key factors that will influence this space.
Fighting Back: How the Philippines is Addressing the Surge in Fraud
Institutions must adopt innovative solutions and foster global collaboration in fraud management practices.
Xtransfer ink MOU to offer cross-border financial services to African SMEs
Xtransfer will make use of Ecobank Group’s network in the continent.
Ant International names Jiang-Ming Yang as chief innovation officer
Yang led development of A+ Rewards, CoPilot, and EasySafePay for Antom.
Weixin Pay users flock to Hong Kong, Japan for Spring Festival holiday
The use of promotions or “mini programs” doubled in Japan.
Alipay overseas transactions spike 30% amidst new year festivities
Singapore registered the fastest growth of 56% YoY.
Financial fragmentation threatens bank profits and lending
Globally, it can lead to nearly 280 million fewer jobs by 2030.
Banked, NAB launch Pay by Bank payments on Amazon Australia
This allows customers to pay directly from their bank accounts.
Thought Leadership Centre
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1. Payment failures cost Singapore merchants $12b annually 2. Singapore's big 3 banks pivot to wealth as margins shrink 3. HSBC and HSBC Life sign Humansa MOU for HNW health planning 4. Citi targets APAC insurance investments with new senior hires 5. OCBC and Australian High Commission sign 5-year pact to boost SEA–Australia tradeResource Center
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance