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Cards & Payments
India's new digital payment licenses to increase competition, innovation
20 Apr 21
The NUE licensing has attracted the likes of Google, Amazon, and Facebook.
Indonesia upturns payments market with new foreign-friendly rules
20 Apr 21
The new regulations reduce the number of licenses and makes clinching foreign capital easier.
Japanese banks' risk controls under test following Archegos fallout
15 Apr 21
After Nomura and MUFG, other banks are likely to announce losses related to the US investment firm.
Citi launches digital credit card for new customers
13 Apr 21
Singapore is the first market ever where Citi has rolled out this service for new cardholders.
J.P. Morgan leverages blockchain solution to improve money transfers
13 Apr 21
Testing is currently under way with 12 Taiwan banks.
Singaporeans more satisfied with e-wallets than banks in 2020
6 Apr 21
Customer satisfaction for e-wallets was higher than that of banks.
What's up with central banks' craze around digital currencies?
2 Apr 21
Whilst it may improve payment systems, card firms and payment platforms won’t be happy with the potential new competition.
'Buy now, pay later' flourishes in APAC as credit demand booms
16 Mar 21
Unlike credit cards or loans, there are no fees in BNPL if payments are made on time.
E-wallets to overtake cash in Singapore's in-store payments by 2024
4 Mar 21
Cards will remain king, but e-wallets will overtake them in online purchases.
Chart of the Week: APAC card payments to grow 19.2% in 2021
2 Mar 21
Banks and payment firms are stepping up their card game to encourage cashless spending.
Chart of the Week: Growth of local e-commerce drives rise of e-payments in Australia
23 Feb 21
Buy now, pay later solutions are popular amongst Millennials.
Deutsche Bank launches payments platform for Thai corporate clients
19 Feb 21
It will facilitate local collections through payments platform provider 2C2P.
South Korea's mobile wallet payments value to reach $503.5b in 2024
16 Feb 21
Growing adoptiong of QR payments is driving mobile wallet usage in the country.
Rise of QR payments displaces cash in Singapore
15 Feb 21
More than half of businesses in the country now accepts Singapore Quick Response Code.
SEA e-money market soars as tech disruptors spur adoption
29 Jan 21
Ride hailing and e-commerce firms are driving the e-payments revolution, eroding banks’ hold.
Chart of the Week: Card payments in China grew 7.1% in 2020
26 Jan 21
Rising financial inclusion and improvements in the payments infrastructure drove growth.
Chart of the Week: Card payments in Australia up 1.9% in 2020
21 Jan 21
Whilst COVID-19 hampered this rise, growth is expected to pick up again through 2024.
PayPal is first foreign operator to fully own Chinese payments business: report
18 Jan 21
It bought the remaining 30% stake of GoPay last December.
Cash, bank transfers remain king of Indonesia's payments market
12 Jan 21
Bank transfers made up 30.7% of the local payments market in 2020.
Singapore tightens regulation of virtual payment entities to combat risks
5 Jan 21
DPT activities carry higher inherent money laundering and terrorism financing risks.
Revolut Singapore enables virtual wallet top-up via bank transfer
5 Jan 21
They can even set a part of their salaries to be automatically transferred to their Revolut wallet.
Online shopping boosts Singapore's cashless payments market
4 Jan 21
Seven in 10 consumers shopping online increased their use of digital payment methods.
Chart of the Week: Taiwan card payments to rise 5.6% in 2020
15 Dec 20
The government has pushed banks to cut rates on credit card balances.
Chart of the Week: Hong Kong card payments to grow 1.2% in 2020
8 Dec 20
Fourth wave of infections to further erode consumer confidence in the near term.
Payments platform 2C2P relocates Singapore head office
4 Dec 20
The firm reportedly expanded its Singapore team by nearly 30% during the pandemic.
Chart of the Week: Reduced consumer spending hits Vietnam's card market
24 Nov 20
The market’s growth slowed to 11% in 2020 from last year’s 35.3% surge.
Vietnam's FE Credit, JCB International pilot new credit card
23 Nov 20
Benefits include a loyalty programme and 0% retail installment.
Chart of the Week: India's payments via UPI to reach $1.7t in 2025
17 Nov 20
The entrance of WeChat Pay is expected to intensify competition in the payments space.
Card payments growth slows in South Korea
4 Nov 20
Consumer spending fluctuated amidst waves of new coronavirus cases.
Kenanga Bank buys 4.99% equity interest in Merchantrade Asia
29 Oct 20
Merchantrade is Malaysia’s largest money services operator, with over 1,700 touchpoints.
Chart of the Week: Mobile wallets displace cash and cards in India
27 Oct 20
An estimated 23.5 billion mobile wallet transactions are expected to occur in 2020.
South Koreans in 20s face $1.91b in overdrafts, card loans
27 Oct 20
Thousands are applying for debt workouts.
Chart of the Week: Easing of travel restrictions to drive Thai card payments growth
21 Oct 20
Card payments is estimated to grow by 2.3% in 2020 and reach $82.8b by 2024.
Mastercard, IDEMIA, MatchMove partner for fingerprint card in Asia
21 Oct 20
The card harvests energy from payment terminals to power its sensor.
LINE launches social banking platform in Thailand
20 Oct 20
Customers can use it to transfer money, apply for loans, and pay through the LINE app.
Indonesian card payments to mellow 1.7% in 2020
19 Oct 20
But it is bound for a 7% recovery come 2021.
Regulator orders cessation of Wirecard Singapore's payments services
30 Sep 20
All customer funds shall be returned by 14 October.
Chart of the Week: Malaysia's card payments to reach $52.4b in 2020
29 Sep 20
Credit, debit card payments account for 36.8% of the country’s total e-commerce value.
PPRO integrates with Indonesian payment firms DOKU, OVO
28 Sep 20
It features a total of four payment types.
UOB simplifies users' digital transactions via new partnership ecosystem
25 Sep 20
Customers will be able to make payments without using a physical card.
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