Cards & Payments
Chart of the Week: New Zealand’s BNPL market value to reach $1.2b in 2023
By 2026, the transaction value is expected to grow to $1.9b.
Chart of the Week: New Zealand’s BNPL market value to reach $1.2b in 2023
By 2026, the transaction value is expected to grow to $1.9b.
Visa names new chairman and regional president for APAC
Visa Japan’s country head Stephen Karpin is the new regional president, whilst Chris Clark ascends as chairman.
Hong Kong’s card payments market to hit $106.7b in value by 2026
But rising interest rates and ongoing geopolitical tensions threaten growth.
Chart of the Week: India’s card payments market to reach $581.2b by 2026
The card payments market value grew 26.7% in 2022, according to estimates.
Payment cards account for 60.9% of e-commerce purchases in South Korea
Added-value benefits of using cards help maintain its dominance.
Citi names Sanjay Nambiar as head of cards and unsecured lending for APAC, EMEA
Nambiar has worked across various roles in his 17-year career with Citi.
Real-time cross border payments edges closer to reality with ISO 20022
ISO 20022 is set to become the universal language of payments.
Chart of the Week: Taiwan’s card payments market value to hit $172.8b in 2026
Usage will rise to 64 uses per card per year, from 45 annual uses a card in 2022.
Buy now, pay later gains traction in Asia
BNPL brand Afterpay served 20 million customers in Australia alone.
Mastercard names Gautam Aggarwal as division president for South Asia
Aggarwal will oversee the card payment provider’s activities across South Asia and India.
Citi winds down China consumer banking business
The exit does not include its institutional business, Citi said.
Standard Chartered names David Rego as global head of payments, transaction banking
He is currently the global head of liquidity, deposits, and escrow solutions.
Weekly Global News Wrap: Cash use down to 15% of British shopping transactions; Goldman Sachs to cut senior bonuses
And Credit Suisse closes $4.25b capital raising.
Visa appoints Adeline Kim as Singapore, Brunei country manager
She was most recently head of data solutions for Asia Pacific.
South Korea’s credit card payments market to be worth $890b in 2026
In the near term, rising interest rates may discourage card use.
Cambodia’s ABA Bank launches instant card issuance kiosks
Over 191,000 cards have already been issued since launch.
Alternative payments make up 72% of China’s e-commerce market
The e-commerce market is expected to grow 10.5% in 2022.
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Technology to underpin future of financial services
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Banking Technology
Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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