Cards & Payments
Millennials drive Hong Kong's credit card growth as average balance hits $39,000 in Q2
They hold a fourth of the city’s total card balances.
Millennials drive Hong Kong's credit card growth as average balance hits $39,000 in Q2
They hold a fourth of the city’s total card balances.
Chinese lenders shore up on e-banking fees in Q2
Electronic banking fees of CCB and ACB surged 60% and 33% respectively.
Australian challenger bank Tyro ties up with Alipay
The move aims to tap into the Chinese visitor market.
Chinese banks shun in-house tech as they turn to Alibaba and Tencent for help
Nearly all mid-sized and commercial banks have tied up with the three tech titans.
Chart of the Week: Which country dominated Asia's cashless charge?
Mature economies like Hong Kong, Singapore, and Korea are leading the way.
Vietnam cracks down on Chinese mobile wallets
Banks are not officially connected to WeChat, making it illegal in the country.
Hong Leong Bank enables merchants to accept WeChat Pay
HLB customers can now bind their debit cards into the Chinese e-wallet system.
Citi ties up with Spotify to enable music subscription via credit card points
The service will be available in Malaysia, Singapore, Philippines, Hong Kong and Taiwan.
HSBC Philippines to enable corporate clients to deposit payroll in local banks
Employees will be able to choose which bank to go to receive their salaries.
Can China's payment titans crack Hong Kong's mobile wallet market?
AlipayHK users have doubled to 1.5 million since March.
Philippines' BPI rolls out premier credit card
Cardholders can buy foreign currencies from the bank even without a savings account.
Bank of East Asia unveils centralised e-payment platform for merchants
BEA’s ‘i-Payment hub’ can process different payment types in a single device.
Singapore banks enable faster P2P funds transfer with PayNow Corporate
Corporate customers of participating banks can use NRIC to transfer funds.
Indonesia steps up efforts to centralise payment system
Bank Indonesia is campaigning for the shift to the National Payment Gateway card.
Credit card spending in Taiwan hits $47.05b in H1
Purchases via credit card nearly hit the $200b in all six months except February.
Thailand's Big 4 onboard SWIFT gpi for faster cross-border payments
They join around 10,000 other banks on the platform.
South Korea to allow payment via QR code by 2019
The central bank is aiming to create a local version of Alipay or WeChat Pay.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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