APAC

What Hong Kong’s New Faster Payment System Means

Faster payments solutions must meet a variety of demands. Small retailers want to keep their cash flow moving by receiving consumer payments quickly, while large corporations need improved data and visibility to ensure their B2B transactions arrive on schedule.

Read More

No Cash, No Cards: Paying by Phone Rules in China’s Cultural Revolution

Mobile payments rule supreme in China; cards are viewed as archaic. Beijing’s young have never owned wallets; the older ones are dumping them too. Cash stopped being king years ago; debit and credit cards, which barely took off in China anyway, have quietly faded away.

Read More

Four Out of Five Mobile Payments Users Live in Asia: eMarketer

Mobile payments have made an impact all over the world, but according to a new report sent our way from eMarketer, it turns out that it’s made a rather disproportionate impact in geography.

Read More

What Retailers Can Learn From China’s Cashless Society

Mobile payments have become ubiquitous in the everyday lives of Chinese consumers, with transaction volumes reaching an astounding as 9.8 trillion pounds.

Read More

Mobile Payments, Internet Banking See Rapid Growth in Vietnam

Vietnam has been experiencing a digital wave in its financial and banking industry, with payments through mobile banking services surging by a whopping 144 per year over the past five years, experts said at a conference last week.

Read More

Banks Now Allowed to Work With Crypto in Korea

The finance minister in Korea has given the go-ahead for banks to be able to work with different crypto exchanges.

Read More

APAC Corporates Replacing Trad’l Payment Methods With Cards

Corporates in the Asia Pacific region are increasingly mandating the use of commercial cards for all eligible purchases as they migrate from more traditional payment tools. This is the key takeaway from Citi’s Asia Pacific Commercial Cards Survey 2018.

Read More

Ride-hailing App Grab Launches Prepaid Mastercard

Southeast Asian ride-hailing app Grab is pushing further into payments through the launch of a prepaid Mastercard card. Grab will issue both virtual and physical prepaid cards directly from its app.

Read More

Citi: Asia Corporates Replacing ACH With Cards

Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Reports in The Asset on Thursday (Oct.

Read More

Ride-hailing App Grab Launches Prepaid Mastercard

Southeast Asian ride-hailing app Grab is pushing further into payments through the launch of a prepaid Mastercard card. Grab will issue both virtual and physical prepaid cards directly from its app.

Read More

Bank of Japan Doubts Digital Currency Will Enhance Monetary Policy

Bank of Japan Deputy Governor Masayoshi Amamiya said on Saturday it was doubtful whether central banks could enhance the effectiveness of their monetary policies by issuing digital currencies.

Read More

SWIFT’s Instant Cross-border Gpi Payments Test Touted as a Success

Financial messaging service SWIFT has announced the successful testing of its new instant cross-border payments proof of concept, alongside banks from Australia, China, Singapore, and Thailand.

Read More