Cards & Payments
Alipay’s labor day outbound travel transactions up 77% in 2024
East Asia and Southeast Asia were the most preferred destinations.
Alipay’s labor day outbound travel transactions up 77% in 2024
East Asia and Southeast Asia were the most preferred destinations.
Malaysia’s credit, charge card market value grows to $50.5b in 2024
Credit and charge cards make up 60% of all card payments in the country.
How banks should rethink pricing
It’s not just about how much customers pay but also what benefits they get.
Alipay+ enables 14 foreign e-wallets to pay in Hong Kong
About 90% of HK merchants now accept payments using foreign e-wallets.
Alipay+ inks deal with Jeju tourism org for exclusive offers to foreign visitors
Foreign visitors can enjoy up to 50% discounts from ZeroPay merchants.
Nium, Thredd expand virtual card partnership
The two fintech companies have issued 86 million virtual cards worldwide.
PH’s BillEase clinched $5m investment from Credit Saison lending arm
BillEase has achieved profitability in 2023 and delivered 47% return on equity.
BNPL provider Atome Financial doubles operating income in 2023
It’s BNPL services are now profitable, the company said in a press release.
Zed challenges banking norms with no interest, forward-looking credit card
The soon-to-be-launched card will underwrite based on present and future income, not just past financial records.
PH central bank revokes license of local money changer
Money changer NIKKO reportedly committed “serious violations” of money laundering laws.
Ant International to build Malaysia digital business centre and is hiring 500 roles
The centre is expected to move in at The Exchange 106 by 2025.
Chart of the Week: Indonesia’s card payments market to be worth $71.8b by end-2024
But point-of-sales terminal penetration remains low.
India floats regulations for non-bank POS payment aggregators
They are required to apply authorisation from the RBI by May 2025.
Why tokenization and funding are two key issues for financial disruptors in 2024
HSBC's Vincent Lau a lineup of 250 speakers to discuss these at Money 20/20 Asia.
Superapps to help drive BNPL userbase to 670 million by 2028
Superapps like WeChat and Grab are adopting and offering BNPL services to users.
APAC payments gateway market to rise 30% as cashless economy expands
The market is expected to grow by over 11% between 2023-2027.
Bangkok Bank bookmarked $1.09b in cash for Songkran 2024
The cash was expected to have served over 8,000 ATMs and branches.
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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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