Cards & Payments
APAC card payments to hit $39.6t by 2029 on improved infrastructure
APAC card payments to hit $39.6t by 2029 on improved infrastructure
In markets with low adoption, cards compete with QR payments and inadequate infrastructure.
AU Small Finance Bank launches digital payment service for Indians abroad
The service allows payments for domestic transactions.
Reward programs spur credit and charge cards usage in Japan
Credit card acceptance across merchants had also expanded in recent years.
Wing Bank Cambodia launches Mastercard One Card combining debit and credit
The card features a numberless design for added security.
South Korea’s payment card market projected to reach $1t in 2025
This is driven by a growing preference for digital payments.
Ant, RayNeo to bring AR glasses payments cross-border with Alipay+
They plan to enable the use of AR glasses for in-store payments.
Digital apps now most preferred remittance channel
Banks, fintechs, remitters told to take note as it will shape customer expectations.
PayPay submits draft registration statement to publicly list in the US
The mobile payment service app makes use of QR codes and bar codes.
How is tokenisation reshaping cash management solutions?
HSBC and Citi allow 24/7 money transfers using the tech.
Airwallex crosses $200b in annualized transaction volume
It is gearing up to roll-out its point-of-sales (POS) terminals.
Philippine central bank orders banks, e-wallets to remove in-app gambling access
The suspension will remain in place until a policy is finalised.
Taiwanese cards’ revolving credit rise to $3.84b in June
The average ratio of delinquency is 0.29%.
Alipay+ links with Kaspi.kz for cross-border payments in Kazakhstan
12 Alipay+ e-wallets can now scan-to-pay via Kaspi QR.
Late payments, bad debts drag on Asia’s B2B trade flows: survey
An average of 44% of B2B credit sales are affected by late payments, it found.
iSignthis fined $10m for breaching Australian disclosure laws
Former MD and CEO Nickolas Krantzis penalized $1m for breaching his director duties, amongst other reasons.
Ant Int’l’s WorldFirst gains Malaysia licence to expand international payments
WorldFirst will expand its product offerings and roll out new services, it said.
India’s RuPay enters partnership to offer better ticketing experience in BookMyShow
Cardholders will enjoy special access to some shows, including early pre-sale access.
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1. HSBC Singapore names two senior appointments for China proposition 2. India’s Bank of Baroda to log 1% to 1.2% ROAA over next two years 3. Mastercard runs first live agentic payment in Singapore with DBS, UOB 4. Mastercard names Minsook Cho as Singapore Country Manager 5. Retail holds 71% of APAC fintech market in 2025Resource Center
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Asian Banking & Finance Fintech Awards 2025 Winner: Shweta Jain of Finastra
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