MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Q1/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 15.0%, but down sharply from Q1/14’s 19.0% YOY gain. GDV for the region declined in all of the past five quarters.
Wirecard has inked CIMB Bank Singapore with a partnership agreement to offer a complete merchant solution to businesses in Singapore leveraging their respective core expertness.
Next week is the important World Economic Forum on East Asia in Jakarta (Apr 19-21). MasterCard released the latest findings of basic finance knowledge and skills across Asia/Pacific and discovered a stall in 12 of 16 countries with record lower scores in the latest Financial Literacy Index.
Singapore Telecommunications (Singtel) is gobbling up Chicago-based Trustwave for US$810 million. Singtel plans to combine its state-of-the-art information and communications technology (ICT) with Trustwave’s broad portfolio of managed security services.
A new survey reveals consumers in emerging markets across Asia/Pacific are more likely to choose a product based on whether it is perceived as more socially responsible than those in developed markets. Overall, products which are fair trade have the most appeal.
Among Visa’s four international regions the hottest area is Central Europe Middle East Africa (CEMEA), posting a 32.5% year-on-year (YOY) surge in 2014 purchase transactions (PTX). CEMEA also reported a 13.9% increase in purchase dollar volume, leading the other regions by more than 400 basis points (bps) last year.
Visa’s (VS) Asia Pacific (AP) region Purchase Dollar Volume (PDV) growth slowed down year-on-year (YOY) to 10.6%, on a local currency basis, in the fourth quarter (Q4/14) to US$359 billion, compared to a 14.4% YOY growth rate in Q4/13.
Visa’s Central Europe – Middle East – Africa (CEMEA) region remains the fastest growing international region with Gross Dollar Volume (GDV) up 16.8% Year-on-Year (YOY). However, Visa’s Asia Pacific region continues to claim the lion’s share of the international market with a 45.3% share, but Quarter-to-Quarter (QOQ) growth is slowing, according to CardData.
Asia Pacific was the largest revenue contributor in the global smart card market of 2013, accounting for nearly a 50% share of global revenue. China, India, South Korea, and Japan are expected to be the major contributors to the market in the near term.
Visa’s (VS) Asia Pacific (AP) region Purchase Dollar Volume (PDV) slowed down year-on-year (Y/Y) to 11.5%, on a local currency basis, in the third quarter (Q3/14) to US$351 billion, compared to a 12.2% Y/Y growth rate in Q2/14.
Singapore-based GoSwiff mobile commerce and marketing services launched its integrated mCommerce platform of payment solutions. The goSwiff mCommerce Platform is designed to maximize revenue and customer loyalty via the increasing number of channels through which customers make purchases today.
Asia-Pacific is the fastest growing region on the global B2C E-Commerce market. Between 2013 and 2018 it is forecasted to grow by over 20% annually and surpass North America to become the number one region worldwide in terms of B2C E-Commerce sales.