Cards & Payments
Over 600,000 payment cards’ info stolen
Over 99% of stolen data include names, computer files, amongst others.
Over 600,000 payment cards’ info stolen
Over 99% of stolen data include names, computer files, amongst others.
China’s XTransfer gains in-principle approval for Singapore MPI license
XTransfer plans to launch e-business wallet services in the Lion City.
Philippine remittances up 3.7% to $2.88b in May
Cumulative personal remittances rose by 3% during the month.
Indonesia and South Korea to enhance cross-border payments
The central banks expect that it will promote digital economy and benefit the tourism sector.
Bangkok Bank launches scan-to-pay shortcut
Over 68 million transactions were made using this function in May 2024.
BNP Paribas, Ant Int’l ink MOU to enhance cross-border payments
The MOU includes the further development of Ant’s Whale platform.
Taiwan credit card firms’ see lower balance in May
There were less credit cards active compared to April.
Fave Singapore clinches in-principle approval in Singapore
It can now offer account issuance and domestic money transfer services in SG.
Alipay+ payments now available in European taxi app FREENOW
Tourists from China, Hong Kong, and Malaysia can use their local e-wallet to pay.
SCB’s Easy and Mae Manee apps temporarily unavailable on select dates
SCB is upgrading its Easy App.
Ant Group and Mastercard extend payments program to Chengdu, Chongqing
Tourist spending using Ant Group’s digital payments rose 13-fold in the two cities.
Ant International acquires Dutch payment service provider MultiSafepay
Ant will integrate MultiSafepay into its subsidiary Antom.
Taishin Bank and JCB launch card offering 3.8% rewards rate
JCB is offering a 5% rewards rate for all spending in Japan and in South Korea.
Fintech Airwallex records 84% revenue growth
Its Australia and New Zealand business saw revenue grow by 93%.
Taiwanese banks’ loans to SMEs rose to $305b in April
The bad loans ratio rose slightly to 0.25% as of end-April.
Balance of Taiwan’s cash card loans is $372.4b in April
There are 0.3 million cash cards recorded during the month.
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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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