Cards & Payments
Airwallex now processing $100b annually
This was anchored by its Americas expansion and APAC revenue growth.
Airwallex now processing $100b annually
This was anchored by its Americas expansion and APAC revenue growth.
Japan’s card payments market value to grow 10.8% in 2024
Credit and charge cards made up 96.5% of all card payment transactions.
PH central bank issues framework for digital payment system operators
Payment system operators are required to obtain a license from the BSP.
8 in 10 Gen Zs keen on AI for enhanced banking, retail experience
About 43% of them have already used AI for shopping.
GHL enables QR payments from ShopBack in Malaysia
The partnership is expected to benefit over 6 million shoppers in Malaysia
Taiwan logs 3.9 billion non-cash payment transactions in H1
There were 28.91 million users of electronic payment accounts in end-June.
Taiwan’s active credit cards rise to 39.24 million in June
Amount of undue balance of installment jumped 48.45%.
WeChat Pay Malaysia ceases e-wallet services
Payment services will cease on 1 September 2024.
Thailand postpones card repayment rate hike amidst borrower struggles: report
The central bank will continue to promote consolidation of home and retail debt.
Hong Kong, China ink MOU for linkage of fast payments systems
Central bankers also discussed financial cooperation between their markets.
BofA names Winnie Chen as head of APAC global payments solutions
Chen will begin her duties in September 2024.
MUFG invests $393m in PH superapp GCash’s parent company
Globe Fintech Innovations operates GCash and Fuse Lending.
Payments platform PingPong obtains PJP license in Indonesia
PingPong eyes expanding into the country’s $320b export market.
APAC boasts highest digital wallet spending in the world
China, Japan, and Singapore are frontrunners in digital wallet adoption.
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
Philippine central bank rolls out Intraday Settlement Facility
The ISF is designed to support a paperless process.
KPay merchants can now accept payments from HSBC’s PayMe app
Over 33,000 merchants in KPay’s Hong Kong network can now accept PayMe payments.
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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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