Cards & Payments
Crunch time for Malaysia's e-wallets as big firms impose merchant fees
They are charging 0.5% from merchants who use their services as subscriptions soar.
Crunch time for Malaysia's e-wallets as big firms impose merchant fees
They are charging 0.5% from merchants who use their services as subscriptions soar.
Chart of the Week: New Zealand card payments to grow 2.2% annually through 2023
The pandemic will slow card payments adoption as consumers switch to online payments.
Chart of the Week: Japan's card payments to grow 2.6% in 2020
ATM cash withdrawals are expected to fall by 5.5% during the year.
Citi swipes Amex global cards head
Citi has recruited Kartik Mani as the Asian head of cards and unsecured lending, according to an announcement. He will be responsible for lending and...
How Real-time Payments Can Fuel Emerging Business Models
Instant payments are being implemented around the world, promoted by governments to support financial inclusion and the digitisation of economies.
Singapore card payments market to hit $158b in 2023
Credit cards took the lion’s share in market value at 60% in 2019.
Consolidating the payments game is just step one in Southeast Asia
Whilst the Chinese market is big enough to allow for two major e-payments players, Indonesia needs to unify efforts from otherwise competing tech...
Credit card revenues threatened as Singaporean travellers shun usage
Card users turn to cash as they steer clear of lofty transaction fees and poor exchange rates.
Chart of the Week: China gradually opens up $16.5t card market to foreign players
Card payments value is expected to grow 11% CAGR to $25.9t by 2023.
Malaysia pushes QR-payments adoption to combat cash reliance
The DuitNow QR System is a key factor to drive interest in cashless payments.
China tops global mobile wallets usage
The country’s transaction value will hit $793.6b this year.
Majority of Gen Z use credit cards: survey
They have a median balance per consumer of $555 (HKD4,316).
Chart of the Week: Indonesian debit card payments to hit $32.3b in 2023
It has surpassed credit card payments in 2019.
Chart of the Week: Hong Kong card payments to hit $7.67b by 2023
The number of card payments is expected to hit 1 billion in 2020.
Indian card payments surge amidst cashless efforts
Total number of card payments quadrupled from 2 billion in 2015 to 7.8 billion in 2019.
Chart of the Week: Malaysian card payments to hit $81b by 2023
The interchange fee cap and adoption of new financial tech is helping reduce cash reliance.
Nearly 1 in 3 Singaporean millennials prefer cashback cards
Cashback cards are preferred due to their instant benefits.
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1. Public Bank's LPI Capital purchase may boost earnings, ROE 2. Citi, Mastercard launch global cross-border payments 3. Hong Kong to rename ‘virtual banks’ to ‘digital banks’ 4. Cambodia enables QR payments from foreign e-wallets through Alipay+ 5. Citi names Hooi Wan Ng as head of markets for MalaysiaResource Center
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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