Cards & Payments
EastWest Bank, JCB launch credit card in the Philippines
EastWest Bank, JCB launch credit card in the Philippines
Customers can access several rewards and year-round promotions.
Meaningful experiences, wellness as key pillars of the return of travel: Mastercard’s Mayank Dutt
Mastercard’s cardholders in its affluent portfolio can access wellness programs on the go.
Alternative payments inch closer to e-commerce domination in New Zealand
The growth of BNPL has pushed up adoption of alternative payments.
Vietnam’s card payments market to hit $37.6b in 2022
The government’s cashless payments push is helping the market.
Real-time Payments: The Time to Act is Now
Around the world, people now expect real-time experiences in everything they do, and payments are no exception.
Fintech funding slows as COVID-driven digital hype fades
Valuations of technology stocks, both public and private, are down 60%, analysts said.
J.P. Morgan appoints Madhav Kalyan as head of Asia Pacific payments
Kalyan succeeds Sridhar Kanthadai.
Kakao Bank, Kakao Pay shares tumble as fire disrupts services: report
All services under Kakao were severely affected by the data center fire.
BNPL, digital wallets accelerates growth of e-commerce fraud: study
Global e-commerce fraud will exceed $48b in 2023, and 22% will be from Asia.
Alipay+ to enable cross-border payments to South Korea for four Asian e-wallet
Users of these e-wallets can now pay over 120,000 merchants in South Korea.
AEON Credit H1 revenue soars 11.8%
Profit after tax increased by $22.52m
American Express opens exclusive lounge in SG for Centurion card holders
Members can enjoy a complimentary welcome cocktail when they visit.
New Zealand card payments market to be valued $67.1b in 2026
On average, each NZ individual holds over three cards, GlobalData found.
SWIFT rolls out pre-payment prediction service for cross-border payments
It identifies possible problems in the future payment based on previous data from 9 billion transactions.
Malaysia’s card payment market value to grow 15.2% in 2022
A perfect storm for card adoption is brewing in the country.
Buy Now, Pay Later firms' credit losses on the rise
The largest BNPL providers have doubled their delinquency rates over the past few quarters.
Boom or bust? Buy now pay later flourishes but with default risks rising
Rising rates and tightening policies hurt borrowers’ repayment capacities and push up operating costs.
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