Cards & Payments

Chart of the week: alternative payments used in 1 in 3 online shopping transactions

Singapore’s e-commerce market is forecast to grow by 15% this year.

Singapore to eliminate use of all corporate cheques by 2025

Cheque transactions have declined by almost 70% between 2016 to 2022.

Kasikornbank, YouTrip ramp up online payment security with 3DS 2.0

70% of respondents said that they’ve adopted a more cautious stance in online payments.

HSBC SG partners with Mastercard for travel credit card

It aims to provide convenience for travellers due to the rise in post-pandemic traffic.

WhatsApp launches payment feature in SG

Users will be able to send payments to merchants.

Alipay+ accessible in 11,000 SG Hawker Centre stalls

Users of the platform and partner e-wallets can pay through the SGQR.

BNPL platforms risk losing trust by ignoring SFA Code of Conduct

Under the Code of Conduct, BNPL providers need to show customers their ‘Trustmark’.

Visa appoints Adeline Kim as Singapore, Brunei country manager

She was most recently head of data solutions for Asia Pacific.

Meaningful experiences, wellness as key pillars of the return of travel: Mastercard’s Mayank Dutt

Mastercard’s cardholders in its affluent portfolio can access wellness programs on the go.

Ekata nabs Technology Excellence Award for API - Payments

Its Account Opening API stops fraudsters from establishing a presence in a firm’s user base.

Singaporeans want more biometric payment cards —survey

Latest industry survey reveals 88% of Singaporeans prefer biometric cards.

DBS acquires Citi’s Taiwan consumer banking business

DBS will pay Citi in cash for the net assets plus a premium of S$956m.

Grab Singapore includes more banks in linked account feature

Users can now link accounts from Bank of China, DBS, Maybank, OCBC, StanChart, and UOB.

Fintech platform Airwallex officially launches in Singapore

Customers of the fintech platform will receive funds locally in SGD.

Banking woes dampen Singapore MSMEs overseas ambitions 

Only 2 in 10 Singapore micro-multinationals think banks offer value for money.