Cards & Payments
Indonesia launches real-time payments infrastructure BI-FAST
Twenty banks are already live and have access to 24/7 real-time credit transfers.
Indonesia launches real-time payments infrastructure BI-FAST
Twenty banks are already live and have access to 24/7 real-time credit transfers.
Chart of the Week: Vietnam’s card payments market to grow 24.1% in 2022
Strong anti-COVID measures allowed the market to reduce the pandemic’s impact.
Payments platform Yeahka is China’s top non-bank QR payment service
Transaction size reached $156.24b in 2021.
Chart of the Week: Indonesia’s card payments market to grow 10.7% in 2022
Growth will be driven by the rise of debit card use.
Grab Singapore includes more banks in linked account feature
Users can now link accounts from Bank of China, DBS, Maybank, OCBC, StanChart, and UOB.
Will Request To Pay displace card payments in the future?
The potential is there, but tech roadblocks prevent wider adoption in the industry.
Contactless payments snare Singapore’s boomers
Loyalty programs are also rated as important by consumers in the city.
Fintech platform Airwallex officially launches in Singapore
Customers of the fintech platform will receive funds locally in SGD.
Mastercard appoints Safdar Khan as division president for SEA
He is responsible for implementing the multi-rail digital payments agenda in 10 SEA markets.
AUB launches Mastercard QR card payment solutions in the Philippines
AUB PayMate merchants can now accept Mastercard payments through QR codes.
UnionBank to buy Citi’s Philippine consumer banking franchise for $908m
Around 1,750 Citi employees are expected to transfer to UnionBank.
India’s card payments market to grow 31.2% in 2022
Growing adoption of electronic payments will help push up the card market.
UOB’s Indonesian digital bank arm launches buy now pay later services
TMRW Pay offers deferred payments with zero-interest for up to 90 days.
Buy now, pay later gains traction in India
Low credit penetration makes it favourable for BNPL.
Global payments firm Nium names COO as co-founder
This is in recognition of his significant contributions to scale Nium’s global operations.
Banking woes dampen Singapore MSMEs overseas ambitions
Only 2 in 10 Singapore micro-multinationals think banks offer value for money.
Buy now, pay later more needed in markets with credit under penetration: UOB TMRW exec
It’s not as urgent as other markets with credit under-penetration, says TMRW Digital Group CCO.
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1. Public Bank's LPI Capital purchase may boost earnings, ROE 2. Airwallex Capital launches Airwallex Yield for asset management 3. Citi, Mastercard launch global cross-border payments 4. Why Philippine banks, insurers embrace hyper-personalized services 5. Hong Kong to rename ‘virtual banks’ to ‘digital banks’Resource Center
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