Cards & Payments
Return of tourism sparks further recovery of Australia's card payments market
Return of tourism sparks further recovery of Australia's card payments market
Resumption of travel and tourism will help push card use.
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.
Weekly Global News Wrap: Britain to unveil crypto regulations; Deutsche Bank CFO now co-deputy CEO
And HSBC steps up scrutiny of Russian clients amidst sanctions.
Fintech Ant Group appoints new general manager for SEA
Jia Hang will be based in Singapore.
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.
Chart of the Week: Singapore card payments value to grow 8% in 2022
Contactless cards are a key driver of growth.
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.
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