Payments

Unlocking APAC’s Cross-Border Commerce Opportunity with Embedded Payments

In Asia Pacific (APAC), the rapid development of cross-border e-commerce has fueled demand for cross-border payment capabilities and embedded financial solutions as small, online businesses embrace digital technologies to broaden their reach and go global, a recent report by Currencycloud shows. Embedded

Read More

Overhaul Needed for BNPL as Losses Mount up to US$ 5.2 Billion in APAC

Despite phenomenal growth, current buy now, pay later (BNPL) models are showing to be rather unprofitable. Quinlan and Associates, an independent strategy consulting firm, estimates that in Asia-Pacific (APAC), the largest BNPL firms, including Australia’s Afterpay and Japan’s Paidy, are

Read More

PayNet Appoints Farhan Ahmad as Its Group Chief Executive Officer

Payments Network Malaysia (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Farhan Ahmad as its new Group Chief Executive Officer effective 12 April 2022, succeeding Peter Schiesser. Farhan was the Founder and Chief

Read More

Airwallex Deploys Its Virtual Multi-Currency Visa Cards for U.S. Businesses

Cross border payments firm Airwallex has introduced the U.S. Airwallex Borderless Card, a virtual Visa card issued by Community Federal Savings Bank (CFSB). Airwallex’s customers domiciled in the United States can now instantly generate and issue multi-currency virtual payment cards

Read More

Deep Dive: Uncovering Short-term Opportunities for Global Banking

The banking sector in Asia Pacific is filled with opportunity in 2022, whilst also facing intensified competition. Rapid infrastructure developments and emerging technologies coupled with the pandemic have accelerated digital adoption across the region. Industry wide initiatives, most notably the

Read More

Rapyd Finalises Acquisition of Hong Kong’s Neat

Global Fintech-as-a-Service platform Rapyd announced that it has completed the acquisition of  Neat, a Hong Kong-based cross-border trade enabling platform for small and medium-sized businesses (SMBs) and startups. Neat’s services, capabilities, and licenses will be integrated into Rapyd’s platform providing

Read More

EMQ Expands European Footprint With Addition of SEPA Instant Credit Transfer

Global payments network EMQ has deepened its reach across Europe by adding the SEPA instant credit transfer (SCT Inst) capabilities to its network. This further extends EMQ’s network infrastructure into the high-growth markets in the SEPA (Single Euro Payments Area)

Read More

Wallyt Partners Asia United Bank to Accept Mastercard’s QR Code in the Philippines

Wallyt, a Hong Kong-based digital payment and open banking solutions provider, has partnered with the Philippines’ Asia United Bank (AUB) to launch a card payment acceptance solution for merchants via a card QR code or link. Through the strategic partnership,

Read More

To Build or to Buy, the Defining Payments Decision Merchants Must Confront

Asia-Pacific is propelling the retail industry, generating about three-quarters of global growth. By 2025, Asia Pacific’s e-commerce sales are expected to nearly double and reach US$ 2 trillion. This unprecedented and accelerated growth is great news for merchants across Asia,

Read More

South Korean Payments Firm CHAI Pockets US$45 Million in Series B+ Fundraise

South Korean payments startup CHAI raised US$45 million during a Series B+ funding round that was co-led by SoftBank Ventures Asia (SBVA) and Nyca Partners. SBVA’s participation in this funding round marks their second Series B investment into CHAI. The

Read More