Cards & Payments
Taiwan reports over 37 million active credit cards in October
The average rate of delinquency was 0.2% by the end of the month.
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.
Digital bank Trust unveils environmentally-friendly payment card
It is made out of recycled plastic bottles recovered from coastal areas.
Australia to amend retail payments regulation in 2024: governor
Reforms will include better cost transparency from BNPL, mobile wallets.
Laos, Vietnam ink MOU for cross-border QR code payment linkage
The MOU will facilitate the use of local currencies in retail payments in the two countries.
Indonesia, Korea unveil operational guidelines for local currency transactions
This is part of the two countries’ agreement to promote bilateral transactions in local currency.
Hong Kongers used credit cards more on average in Q3: study
Card origination volumes contracted, but average card limits are higher.
Standard Chartered teams up with Visa to offer BNPL to cardholders
They can now split purchase repayments for up to a 36-month period.
Japan’s JCB boosts card acceptance in France with FrenchSys partnership
French acquirers need to perform less certification before they can accept JCB cards.
GCash now provides real-time forex rates, translates e-money according to currency
GCash users can use the e-wallet in 17 markets.
UOB, Visa, SG fintech Doxa to facilitate quicker payments for contractors
JTC and Kimly have joined the trials in the Doxa Connex platform to simulate payments.
Mastercard can commence domestic bankcard clearing activity in China
This follows after authorities first approved Mastercard NUCC’s application in 2020.
Mastercard, NEC to offer in-store biometric payments in APAC
This follows Mastercard’s Biometric Checkout Program, launched in Brazil in 2022.
Alipay+ now accepted at PayNet’s DuitNow QR merchants in Malaysia
Alipay+ will add more partners in the near future.
UnionBank releases four new credit cards with various benefits
Interested users can choose from retail, cost-saving, travel, and luxury types of credit cards.
Payments fintech YouTrip raises US$50m in Series B round
The firm is gearing up to expand in Indonesia, Malaysia, the Philippines, and Vietnam.
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HSBC Hong Kong shines at ABF Retail Banking Awards
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The bank has been a digital and transformation pioneer in the industry.
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. Citi names Amit Dhawan as head of CCB Singapore 3. StanChart joins Visa’s B2B Connect to enhance cross-border payments 4. Hang Seng Bank warns against phishing email 5. Fintech Qashier clinches in-principle approval for a MPI license from MASAwards
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