Cards & Payments
Hong Kong cards push cash aside in $175b market
Hong Kong cards push cash aside in $175b market
Card payment value grew at a 7.6% CAGR from 2021 to 2025.
APAC payments forecast hits $24t by 2033
The region is projected to capture 36% of worldwide outbound flows.
Ant International launches protocol for agentic mobile payments
It cuts agent-wallet linking steps by 50% of traditional card binding methods.
ANZ takes full control of ANZ Worldline venture for $63.7m
ANZ Worldline is a joint venture with Worldline Australia, established in 2022.
MUFG integrates cash management services in Unity platform
The new platform links ASEAN partner banks for unified payments and reporting across markets.
Alipay’s new payment system lets AI agents transact with businesses and OPCs
New tool enables agent-based transactions, following Alipay AI Pay rollout in 2025.
Green SM Laos onboards Umoney e-wallet to payments
The two will develop digital and financial payment solutions for Green SM drivers.
Ant Int’l deploys privacy enhancing technologies in Alipay+
Only encrypted data is transferred to Alipay+ for processing.
Banks lag tech firms in driving credit card use
Delayed rewards and weak reminders leave cardholders disengaged.
Retail holds 38% of APAC’s payment market
Healthcare is the fastest-growing segment.
Krungthai Card beats Q1 profit estimates but credit costs loom
However, its NPL ratio rose to 1.96% due to its non-core leasing business.
Atome Philippines partners with Bayad to enable in-app bill payments
Users can pay their water, electricity, and internet bills, amongst others.
SWIFT payment framework targets clearer fees and faster tracing
More than 50 banks back changes that rely on existing systems.
How China wallets crush cards in 2025 payments race
Alipay reached 85% of surveyed users whilst WeChat Pay stood at 73%.
How can HSBC and StanChart-backed stablecoins change HKD payments?
Different target users may determine whether bank-led tokens gain everyday traction.
Hyundai Card draws younger users to premium card lineup
Nearly 3 in 4 of its “The Orange” or e-commerce-targeted card customers are aged 20 to 39.
Indonesia card payments to reach $61.3b in 2026
Inclusion and policy support fuel growth.
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Commentary
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Singapore aced its FATF evaluation — now comes the hard part
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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