Cards & Payments
Banks may be ill-equipped for demands of real-time payments
Banks may be ill-equipped for demands of real-time payments
Stronger fraud prevention and anti-money laundering measures are needed.
JCB expands contactless payment services to New Jersey public transportation
The service will be available on contactless bus and light rail validators.
Taiwanese credit card balance at $3.49b in October
There were 38.72 million active credit cards during the month.
JCB expands payment options for UK travel application
This ensures a seamless application process for its 158 million cardholders globally.
PCG, Black Bear Merchant Services team up to launch AbbyPay
It plans to expand to Japan, Singapore, Malaysia, and Thailand.
JCB, AEON, and Biznet launch co-branded credit card
The credit card will offer exclusive discounts and cashback.
Airwallex reports double-digit revenue, transaction growth for Q3
It expanded its startup and investment platforms in 2024.
Bank of America’s CashPro app set to hit $1t in payment approvals
The platform is reportedly used by around 40,000 companies globally.
National Bank of Cambodia, Mastercard team up to launch Bakong Tourists App
Tourists can top up their account by linking it to their Mastercard.
Weekly Global News Wrap: China, HK regulators to boost offshore listings, Crédit Agricole to raise stake in Banco BPM
And Google Payment Corp. is under federal supervision over risks to consumers.
Reserve Bank of India raises offline payment limits
The cap for transactions increased to $11.81 from $5.90.
Ant International joins SWIFT program exploring cross-border treasury mgmt
The program explores business scenarios on cross-border end-to-end transactions.
Visa inks MOU with Vietnam's FPT to modernize public services
They aim to expand access to finance by equipping SMEs with business credit cards.
PH central bank completes proof-of-concept test for wholesale CBDC
Project Agila enabled banks to transfer funds during off-business hours.
Cross-border shopping, e-wallets to shape Philippine payments in 2025
Evolving security frameworks will also redefine the payments experience, says Visa.
Deutsche Bank unveils Merchant Solutions in Australia, India, Indonesia, and SoKor
It is a global payment acceptance platform that gives access to local payment methods in a market.
Indian banks told to bring down number of inoperative, frozen accounts
Many of these result from banks’ backlog in their period verification of bank accounts.
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1. Singapore aced its FATF evaluation — now comes the hard part 2. Citi boosts North Asia & Japan corporate desk headcount by 25% 3. UOB Private Bank hires Dominique Boer as ASEAN regional market head 4. Japan banks turn to stablecoins to retain deposits 5. Can Asia’s banks make stablecoins work across borders?Resource Center
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Leading voices from the banking and insurance industries will meet at The Hyatt Regency to discuss wealth management, insurance investment, and the AI economy.
Commentary
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer