Cards & Payments

Four in five Singaporean Gen Z have tried to go fully cashless: Visa

And 6 in 10 SG consumers tried to go cashless in bills payment.

Singapore forms buy now, pay later working group to develop framework

The working group is calling out to local organisations offering BNPL to join their ranks.

Chart of the Week: India’s mobile wallet payments market to hit $4.1t in 2025

In 2022, the market will grow to $1.7t, according to GlobalData.

Weekly Global News Wrap: Citi’s commercial business to hire 900 staff; Russian payments pivot to China amidst sanctions

And global financial conditions are expected to tighten further over the coming years.

Could Bakong pave the way for digital currency in Cambodia?

Similar to its namesake, the platform is now the backbone of the country’s digital payments system.

Singapore to block certain Russian banks, financial transactions

The government is also donating US$100,000 for Ukranians’ humanitarian needs.

Standard Chartered, IATA launch airline payment platform in India

IATA Pay offers instant payment options such as UPI Scan & Pay and UPI Collect.

Taiwan SME loans reach $310b in December 2021

The FSC also reported numbers on credit card, cash card, and e-payment businesses.

China’s card payments market to hit $34t by 2025

The market is expected to register a strong growth of 17% in 2022.

Singaporeans want more biometric payment cards —survey

Latest industry survey reveals 88% of Singaporeans prefer biometric cards.

3 in 5 in SEA wants OTP through SMS for every e-payment transaction

Others want two-factor authentication or biometrics as security options.

DBS acquires Citi’s Taiwan consumer banking business

DBS will pay Citi in cash for the net assets plus a premium of S$956m.

Maybank SG new banking app enables online SME current account opening

The new Maybank2u SG (Lite) app offers e-angbao gifting and other money management features.