Cards & Payments
Fintechs could overtake Philippine banks in retail segment: Moody’s
Banks' slow development of digital financial services may just give fintechs an edge.
Fintechs could overtake Philippine banks in retail segment: Moody’s
Banks' slow development of digital financial services may just give fintechs an edge.
Chart of the Week: Philippine card payments market value to grow to $43.4b in 2021
Debit cards dominate in the Philippines with 90.6 million in circulation.
Real-time payment ties cash as preferred payment method in SEA markets
Three in five consumers from four markets name it as their favoured way of paying.
South Korea mulls cashbacks for credit card spending to boost consumption
The government reportedly plans to set the ceiling of cash back rewards per person.
Chart of the Week: Japan’s credit card payments to grow 9.2% in 2021
Easing of restrictions, government support, and the Olympics will support growth.
Chart of the Week: South Korean card payments to grow 4.9% through 2024
Average frequency of use is 136.2 times in 2020, higher than in France, US, and UK.
India’s largest bank invests in payment services provider Cashfree
Cashfree processes $20b worth of transactions annually.
Maybank introduces two new designs for Family & Friends Card
New customers may choose between the original black, as well as the new lilac and silver designs.
Pandemic accelerates Singapore’s cashless push by four years: Visa study
About 31% of locals pick contactless cards as their most preferred payment options.
Chart of the Week: Hong Kong card payments value to grow 4.4% in 2021
This comes after two years of decelerating growth due to trade tensions, protests, and the pandemic.
Citi appoints new Singapore head of credit cards and personal loans
Serene Gay will oversee credit cards and unsecured lending covering Citi branded cards.
China to account for half of mobile payments worldwide by 2023
The country’s mobile payment transaction value is expected to hit $1.3t this year.
Chart of the Week: Card payments in China to rebound 21.3% in 2021
Card payments are set to rise as economic activities gathers pace.
China’s digital currency fails to excite locals: report
Chinese people showed little interest in switching from mobile payment systems of Ant, Tencent.
Singapore, Thailand launch real time cross-border payments system
Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.
Chart of the Week: Singapore’s card payments market to grow 10.2% in 2021
Business reopenings and ongoing COVID vaccination program will support spending.
DBS, J.P. Morgan, Temasek launch open platform for interbank payments
The three banks are building up on projects from their participation in Project Ubin.
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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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