Cards & Payments
India’s card payments market to grow 23.6% to $361.6b in 2023: analyst
Rising consumer spending will rally the market to extend 2022’s growth.
India’s card payments market to grow 23.6% to $361.6b in 2023: analyst
Rising consumer spending will rally the market to extend 2022’s growth.
UPI’s linkage to SG’s PayNow a step closer to global payment brand ambitions: analyst
UPI registered a 75.9% growth in 2022.
Chart of the Week: Cards account for 51% of e-commerce payments in the Philippines
The Philippines’ e-commerce market grew by 31.3% in 2022
Weekly Global News Wrap: JPMorgan expects 20% revenue drop in Q1; CBA reports record profits
And Apple may look into into customers’ spending history, device ownership for BNPL services
JCB has issued 1 million cards in India
RuPay JCB cardholders are eligible for a 40% cashback on select international transactions.
Standard Chartered, Allinpay enable Singapore dollar QR payments in Hong Kong
Singapore dollar can now be used to pay in over 30,000 acceptance points in Hong Kong.
Chart of the Week: New Zealand’s BNPL market value to reach $1.2b in 2023
By 2026, the transaction value is expected to grow to $1.9b.
Visa names new chairman and regional president for APAC
Visa Japan’s country head Stephen Karpin is the new regional president, whilst Chris Clark ascends as chairman.
Hong Kong’s card payments market to hit $106.7b in value by 2026
But rising interest rates and ongoing geopolitical tensions threaten growth.
Chart of the Week: India’s card payments market to reach $581.2b by 2026
The card payments market value grew 26.7% in 2022, according to estimates.
Payment cards account for 60.9% of e-commerce purchases in South Korea
Added-value benefits of using cards help maintain its dominance.
Citi names Sanjay Nambiar as head of cards and unsecured lending for APAC, EMEA
Nambiar has worked across various roles in his 17-year career with Citi.
Real-time cross border payments edges closer to reality with ISO 20022
ISO 20022 is set to become the universal language of payments.
Chart of the Week: Taiwan’s card payments market value to hit $172.8b in 2026
Usage will rise to 64 uses per card per year, from 45 annual uses a card in 2022.
Buy now, pay later gains traction in Asia
BNPL brand Afterpay served 20 million customers in Australia alone.
Mastercard names Gautam Aggarwal as division president for South Asia
Aggarwal will oversee the card payment provider’s activities across South Asia and India.
Citi winds down China consumer banking business
The exit does not include its institutional business, Citi said.
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