Cards & Payments
Maybank issues apology following digital and payment service disruption
Customers were temporarily unable to make online and retail payments on 5 April.
Maybank issues apology following digital and payment service disruption
Customers were temporarily unable to make online and retail payments on 5 April.
Ant Group seeks to boost foreign payment accessibility in China
The group plans to expand bilingual support, amongst other enhancements.
Payments platform dLocal, Papaya Global team up to improve payroll processes
The partnership is live in Indonesia and Vietnam.
S’pore’s payment cards lead with 40% market share in online transactions
An analyst said Singapore’s advanced tech infrastructure has boosted alternative payments.
BOK joins project exploring use of tokenisation to improve cross-border payments
Seven other central banks globally have joined the project.
POS terminals, e-commerce drive up card usage in Australia
Value added benefits like rewards points and discounts have made cards attractive.
PH-based Allbank and Salmon Group unveil QR PH-enabled payment solution
It eliminates the need to input details manually for traditional payments.
UPI propels India’s mobile wallet payments to $6.5t by 2028
In February 2024, $221.5b in value was paid across 12.1 billion UPI transactions.
16 foreign e-wallets now accepted in Japan through Alipay+
Alipay, KakaoPay, Touch ‘n Go, GCash and TrueMoney are the most popuar.
Mobile tap payments produces least carbon emissions vs cash and ATMs: study
ATMs make up a bulk of carbon emissions, at 7.14g CO2e per transaction.
Chart of the Week: 2 in 3 e-commerce transactions in China use alternative payments
Alternative payments make up 67% of the market share.
Hong Kong’s wealthy plan to spend HK$870,000 in 2024 travels
Tokyo is their top destination of choice.
1 in 4 e-commerce transactions in India use alternative payments
Cash makes up barely 1 in 10 of transactions, according to GlobalData.
Mastercard and Alipay enable real-time remittance in over 180 markets
Alipay’s 1 billion users in China can now transfer and pay with over 150 currencies.
Philippine neobank Zed offers credit card with no interest and no annual fees
It has reportedly received 25,000 sign-ups within three weeks.
Taiwan credit card firms’ hold $3.34b in revolving credit as of January 2024
A total of 37.89 million cards are active as of end-January, according to official data.
South Korean credit card firms report $1.93b net income for 2023
Total revenue and expenses rose during the period.
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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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