Cards & Payments
Philippine remittances up 2.9% to $3b in November: central bank
Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.
Philippine remittances up 2.9% to $3b in November: central bank
Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.
Krungsri launches cross-border QR payments to Hong Kong
Travelers need only to pay using the KMA krungsri app.
BRI’s BRImo app now has 30.4 million users
There were only 2.9 million users in 2019, in comparison.
BPI doubles GCash e-loading fee
GCash loading via ECPay fee will be charged PHP10 starting March.
37.6 million credit cards active in Taiwan in November: FSC
The number of cash cards remained the same as in October, however.
HSBC HK unveils debit, supplementary card waiving foreign currency fees
The cards also offer a 0.5% instant cash rebate on all spendings.
NETS replacing FlashPay Cards with Prepaid Cards
NETS FlashPay Cards can be exchanged for NETS Prepaid Cards at any 44 SimplyGo Ticket Offices.
Cross-border payments, embedded finance to be boosted in 2024: analyst
Embedded financial services will become increasingly popular during the year.
APAC consumers to spend more for travel, dining out in 2024: Mastercard
Consumers are expected to allocate a larger share of their wallets to discretionary spending.
JCB contactless payments now available in the UK
In 2024, JCB plans to enable contactless payments in the remaining 80% of UK Worldpay terminals.
JCB pilots central bank digital currency payment solution
The pilot aims to enable transfer of CBDC offline, and without the need to change POS terminals.
GCash eyes “biggest IPO” title, overseas expansion in 2024
The Philippines’ biggest payments and mobile wallet floats the possibility of going public soon.
Alipay+ daily transactions up 70% in H2
Partner wallets saw daily transaction volumes increased three-fold.
Alipay+ launches year-end sustainable travel campaign in Asia
Travelers will be rewarded for bringing their own toothbrushes, amongst others.
Taiwan reports over 37 million active credit cards in October
The average rate of delinquency was 0.2% by the end of the month.
JCB enables Korean payments for Smart Code merchants
This is expected to help the millions of yearly Korean visitors going to Japan.
PH’s BillEase teams up with Alipay+ to roll out auto-debit feature
It grants merchants pre-authorization to automatically deduct funds.
Commentary
Asia's Voluntary Carbon Markets Beyond the Storm: New Opportunities for Financial Services?
Transition and Opportunity: Southeast Asia’s Share of US$7 Trillion Value