Cards & Payments

Aspire issues virtual Visa corporate cards
25 Sep 20
All cards under the startup are now available under Google Pay.
Chart of the Week: Australia's e-commerce market to reach $37.9b in 2020
22 Sep 20
‘Buy now, pay later’ schemes are on the rise especially amongst millennials.
Chart of the Week: Pandemic drives e-commerce adoption in Malaysia
9 Sep 20
International e-wallets such as Google Pay and Masterpass are gaining steam.
Alternative payments reign supreme in Indian e-commerce market
8 Sep 20
Share in transactions hit 54% this year.
Citibank granted domestic fund custody licence in China
2 Sep 20
The bank can now provide custody services to Chinese mutual and private funds.
Mastercard establishes local office in Myanmar
25 Aug 20
It also plans to appoint a country business development manager.
Singapore fintech LytePay, Rapyd launch e-wallet for ERA Realty agents
24 Aug 20
Real estate salespersons will now be able to instantly use their commissions.
Vietnam's Mcredit, JCB launch credit card
18 Aug 20
Card members can enjoy a zero-interest installment at thousands of merchants in Vietnam.
EZ-Link, Touch ‘n Go launch dual-currency cross-border contactless card
18 Aug 20
It hosts two e-wallets in Singapore dollars and Malaysian ringgit.
Chart of the Week: Japan card payments to grow 2.1% in 2020
17 Aug 20
Pandemic-related fears is crippling away at cash payment’s dominance.
Chart of the Week: Pandemic spurs card payments growth in Singapore
12 Aug 20
Backing from banks and merchants has made contactless payments mainstream.
Cambodia-based fintech Clik secures $3.7m seed round funding
5 Aug 20
The payments startup said that it is on track for a nation-wide launch by end-2020.
Deutsche Bank partners with fintech Airwallex for cross-border payments service
29 Jul 20
Merchants using Airwallex do not need to open bank accounts to collect payments.
Consumer spending to spur growth in Taiwan card payments
23 Jul 20
The value is expected to reach $200.2b by 2024 at a CAGR of 7.6%.
Chart of the Week: Lockdown easing drives card payments recovery in India
22 Jul 20
Fear of COVID-19 spread is driving consumers towards digital payment tools.
Hong Kong neobank WeLab Bank, Mastercard to launch numberless bank card
20 Jul 20
It will be available for use immediately after opening an account with the lender.
Rapyd partners with local payment players to launch service in India
15 Jul 20
It has partnered with local players to allow merchants to access 900 locally-preferred payment methods.
South Korea's credit card use shrinks 2.1% amidst the pandemic: report
15 Jul 20
Daily average use of contact-free spending jumped 12.7% from Feb to May.
Chart of the Week: COVID-19 hastens digital payments exodus in APAC
14 Jul 20
Business activities and consumer spending will further fast-track the growth.
Mastercard, Visa, payment networks launch online checkout solution in APAC
9 Jul 20
Customers need only to “click to pay” for their web purchases.
Malaysia's Instapay partners with Mastercard for e-wallet offering
7 Jul 20
They are targeting 100,000 users in the first year of launch.
Viet Capital Bank, 7-Eleven launch exclusive JCB Card
6 Jul 20
It subscribes customers to the loyalty programs of each company, respectively.
Myanmar Citizens Bank, JCB to offer co-branded debit cards
2 Jul 20
The new MCB International Debit Card offers discounts at 150 stories in Yangon.
Mastercard and fintech EedenBull extend partnership to APAC payments
30 Jun 20
The partnership will support the company’s rollout of its commercial cards platform.
Consumer spending to drive card payments in South Korea
24 Jun 20
The sector is posed to grow at a CAGR of 4.3% from 2019 to 2024.
Chart of the Week: Australia's card payments to grow 5% CAGR in 2019-2024
24 Jun 20
Even small merchants are now pivoting to cashless payments, says GlobalData.
Hong Leong Bank launches cashless payments campaign
23 Jun 20
It begins with traders from five markets in Penang adopting the solution.
Cambodia floats blockchain-based payments system
23 Jun 20
Users of the platform will see transaction time reduced to less than 5 seconds.
One in five Singaporean Visa cardholders buying online for the first time
18 Jun 20
Majority won’t revert back to using cash even after the pandemic is over.
APAC payments industry remains attractive to investors: analyst
17 Jun 20
The industry recorded 29 deals in Q1 from only 23 in Q4.
Chart of the Week: Almost half of Singaporeans prefer e-payment methods
16 Jun 20
PayNow is the top choice for 18.2% of surveyed consumers.
Three-fourths of Filipinos open to having a financial account online
15 Jun 20
But finance firms stand to lose 40% of new business if account opening isn’t fully online.
Default rates of credit card receivables in Japan to remain elevated
10 Jun 20
Annual default rates of credit card purchase rose to 6% in March from only 4.4% last year.
Chart of the Week: Health and safety concerns drive card payments growth in New Zealand
9 Jun 20
Card payments are expected to rise at a CAGR of 1.8% to $66b by 2024.
Standard Chartered pilots credit card deals app CardsPal
8 Jun 20
The app has also partnered with Mastercard for exclusive promos.
Grab pilots GrabPay Card in the Philippines
3 Jun 20
It comes with a digital version within the Grab app.
COVID-19 accelerates digital payments adoption in South Korea
21 May 20
The country’s credit card issuers are seeing a rise in credit card use for online purchases.
Japanese e-payment firms Konbini, Pay-easy join PPRO platform
21 May 20
This marks London-based PPRO’s entry to the Japanese e-commerce market.
Chart of the Week: COVID-19 to drive digital payments take-up in Hong Kong
19 May 20
E-payments firm Octopus said that mobile wallet usage rose 30% in February.
Mastercard APAC's winning strategy in the digital age
9 May 20
The payments provider has been forging new tech-based products and partnerships to keep up.

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