Cards & Payments
Mastercard names Richard Wormald as new APAC president in 2026
Mastercard names Richard Wormald as new APAC president in 2026
Paul Monnington will take over Wormald’s role as Australasia division president.
JCB, BNI launch corporate card for Japanese corporations in Indonesia
This is JCB’s first corporate card product in Indonesia.
2C2P clinches major payment institution license in Singapore
2C2P can now offer money transfer services in Singapore, amongst others.
APAC card payments to hit $39.6t by 2029 on improved infrastructure
In markets with low adoption, cards compete with QR payments and inadequate infrastructure.
AU Small Finance Bank launches digital payment service for Indians abroad
The service allows payments for domestic transactions.
Reward programs spur credit and charge cards usage in Japan
Credit card acceptance across merchants had also expanded in recent years.
Wing Bank Cambodia launches Mastercard One Card combining debit and credit
The card features a numberless design for added security.
South Korea’s payment card market projected to reach $1t in 2025
This is driven by a growing preference for digital payments.
Ant, RayNeo to bring AR glasses payments cross-border with Alipay+
They plan to enable the use of AR glasses for in-store payments.
Digital apps now most preferred remittance channel
Banks, fintechs, remitters told to take note as it will shape customer expectations.
PayPay submits draft registration statement to publicly list in the US
The mobile payment service app makes use of QR codes and bar codes.
How is tokenisation reshaping cash management solutions?
HSBC and Citi allow 24/7 money transfers using the tech.
Airwallex crosses $200b in annualized transaction volume
It is gearing up to roll-out its point-of-sales (POS) terminals.
Philippine central bank orders banks, e-wallets to remove in-app gambling access
The suspension will remain in place until a policy is finalised.
Taiwanese cards’ revolving credit rise to $3.84b in June
The average ratio of delinquency is 0.29%.
Alipay+ links with Kaspi.kz for cross-border payments in Kazakhstan
12 Alipay+ e-wallets can now scan-to-pay via Kaspi QR.
Late payments, bad debts drag on Asia’s B2B trade flows: survey
An average of 44% of B2B credit sales are affected by late payments, it found.
Thought Leadership Centre
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1. Chubb launches Chubb Wealth with no platform fees for HNWs 2. HSBC Singapore names Suzy White to its board 3. MariBank links remittances to Weixin Pay via TenPay Global 4. How digital payments are forcing QSRs to rebuild checkout and staffing 5. DBS to focus on tech resilience and grow fee income in 2026: analystResource Center
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Commentary
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Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
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Digital transformation starts with leadership