Visa Asia-Pacific Payment

Visa Asia-Pacific Payment Q1 Posts Garden-Variety Performance

Visa Asia-Pacific payment performance is unremarkable for the first-quarter with all metrics at, or below par, compared to the prior five quarters. While Visa Asia-Pacific is the only region reporting more than one billion cards, it is also the slowest growing in payment volume and payment transactions, among Visa’s five international regions. Visa Asia-Pacific posted…

Mastercard APMEA Payment

Mastercard APMEA Payment CIF to Top 1B in 2021 w/20% PTX CAGR

Mastercard APMEA payment transactions continued to roar in the first-quarter even though the momentum over the past five years has been slowing. Mastercard’s APMEA (Asia Pacific, Middle-East, Africa) region payment volume dipped below 10% YOY (year-on-year) for the first time since 3Q/17, on an FX (currency adjusted) basis. The APMEA customer base continues to grow…

Armed w/Expanded Funding InstaReM Heads to Europe and the U.S.

A Singapore-headquartered cross-border payments company has exploded on the payments scene. InstaReM has received a $13 million investment led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund, Vertex Ventures, Fullerton Financial Holdings, and Global Founders Capital. To date, InstaReM has raised over US$18 million in the last 18 months. InstaReM will…

Asian SMBs Targeted for SaaS via the Visa Business Hub in Singapore

Deskera, a specialist in Software as a Service, has inked a partnership with Visa, to provide SaaS to Small and Medium Businesses (SMBs) through the Visa Business Hub (VHB) in Singapore. The VHB, launched earlier this year, is a one-stop portal that delivers tangible value to business customers in Asia. The Deskera and Visa collaboration…

JCB Merchant Acquiring Comes to Singapore via CIMB Bank and Wirecard

CIMB Bank Singapore and Wirecard have inked a License Agreement to begin JCB merchant acquiring services in Singapore. Through the partnership, JCB card acceptance facilities will be available at CIMB merchants. Having established similar collaborations in Malaysia and Indonesia, this new License Agreement extends the collaboration into other parts of Southeast Asia and enhances cooperation…

TransferTo Ankles Key Exec to Lead East African Expansion

Singapore-based TransferTo has ankled Sandra Hua Yao to lead its business operations in East Africa as Vice President, Business Development. The appointment is part of the company’s continued geographic expansion to support its global strategy and grow in emerging markets. Sandra Hua Yao joins TransferTo from the National Bank of Kenya where she led the…

DBS of Singapore Issuing the UnionPay Platinum Debit Card

DBS of Singapore Issuing the UnionPay Platinum Debit Card

China’s UnionPay International cooperates with Development Bank of Singapore (DBS) in issuing the UnionPay platinum debit card. It is not only the first UnionPay card issued by the largest commercial bank in Singapore, but also the first UnionPay card with functions of UnionPay QuickPass, online payment and local transportation payment issued in the market. DBS,…

MasterCard Integrated Launched in A-P Region

MasterCard Integrated Launched in A-P Region

MasterCard rolls-out new platform to enhance processing capabilities across Asia Pacific’s payments ecosystem. The new MasterCard Integrated is the payments processing services platform that powers MasterCard Payment Transaction Services. MasterCard will now offer fully-integrated hosted processing services, supporting all payment brands.  This further expands the role of MasterCard during the payments process, extending beyond its…