Cards & Payments
Alipay+ and PPMI link up to accept international wallets on QR Ph
Alipay+ and PPMI link up to accept international wallets on QR Ph
Alipay+ is now connected to over 10 national QR schemes.
KBZ Bank and TrueMoney link up to enable direct transfer services
It is expected to benefit Myanmar migrant workers in Thailand.
CashnGo fined $2.5m for secret account monitoring and unfair contract terms
CashnGo admitted to 658,000 contraventions during debt collection.
MUFG joins 21 banks globally to form stablecoin company
It will initially focus on a USD-denominated stablecoin offering.
Can Asia’s banks make stablecoins work across borders?
Asia’s big but fragmented banking markets pose a key challenge.
Philippine banks trade transfer fees for customer loyalty
Lower transfer costs could accelerate digital payments, but banks must turn higher usage into deposits, lending, and broader product adoption.
Australia’s digital wallets squeeze cards as report forecasts 50% by 2030
E-commerce market is expected to expand from $89b in 2025 to $127b in 2030.
Japan banks turn to stablecoins to retain deposits
Megabanks plan joint digital-currency transactions by March 2027.
Hong Kong banks log larger loan sizes but card limits slashed
Stronger domestic demand will support growth of credit cards and personal loans, TransUnion said.
Indonesia’s QRIS rises 82.4% versus mobile apps’ 24.3% growth
Overall activity reached $310,000, equivalent to IDR5.50b during the month.
Cross-border scams test Singapore-Thailand cyber defences
Real-time payments are accelerating fund movements as banks confront synthetic identities and fraud that increasingly emerges after onboarding.
South Korea digital wallets to bag 46% market share by 2030
But credit card spending is about 10 times higher than debit spending online.
Banking delays fuel late payments for 25% of Indonesian firms
Nine in 10 companies surveyed received overdue bills from customers.
CommBank to launch premium charge card
It will offer airport lounge access and travel insurance benefits.
ShopeePay and TenPay Global enable QR payments in China for SEA travellers
ShopeePay users from Singapore and Thailand can pay at Weixin Pay QR code merchants.
The Philippines hits digital payments target
A total of 3.94 billion digital transactions were recorded in 2025.
Instant payments hit $22t but just 1% of global flows
The US lags as India processes 19 billion monthly.
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Commentary
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