SmartStream Technologies announced the hire of Richard Nicholas as Director of Professional Services, Asia Pacific. Richard will be responsible for professional services and programme management across the region. Richard has been working in the Asia Pacific region for 15 years and brings with him over 20 years of financial services experience. Prior to joining SmartStream, he has held senior professional services and programme management positions at HSBC, ION Trading, Misys and Standard Chartered Bank.
MasterCard Advisors appointed Pierre Burret as Head of Delivery, Quality & Resource Management for Europe, Asia Pacific, Middle East & Africa and Eric Schneider as Region Business Lead for Asia Pacific. Burret will lead delivery, quality and resource management across three key regions (Europe, Asia Pacific, Middle East & Africa). In his new role, Burret will lead and develop the MasterCard Advisors’ consulting team to deliver business intelligence and provide solutions to financial institutions, merchants, governments and other organizations. Meanwhile Eric Schneider will serve as Region Head, who has moved from the U.S. where he served as group head and member of the MasterCard Advisors management team for the U.S. market. Schneider will be based in Singapore, and will oversee MasterCard Advisors’ market operations in the Asia Pacific region.
MasterCard names new Asia Pacific executives to lead the region as MasterCard continues to innovate for digital convergence in the region. The A/P region currently contributes over one-third of global affluent and total consumer credit volumes,
MasterCard and First Data Corporation today announced a strategic alliance to provide a unified solution for First Data’s FirstVision platform powered by VisionPLUS with the introduction of MasterCard inControl for banking clients and customers in Asia Pacific.
MasterCard’s APMEA Gross Dollar Volume (GDV) rose 17.8% on a local currency basis to US$320 billion in Q2/14, compared to US$302 billion in Q1/14 and US$279 billion in Q2/13. Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) 18.6% on a local currency basis in the first quarter (Q1/14) to US$202 billion.
Visa’s (VS) AP Gross Dollar Volume (GDV) was up 9.3%, on a local currency basis, to U.S. $487 billion in Q2/14, compared to US$481 billion in Q1/14 and US$456 billion in Q2/13. VS has an estimated 740 million cards-in-force (CIF) currently in the AP region, compared to 692 million in Q2/13.
Visa’s (VS) Asia Pacific (AP) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 15.0% on a local currency basis in the first quarter (Q1/14) to US$328 billion. Based on PDV, the VS AP region is the fastest growing region, outside the US. The average purchase ticket in the VS AP region declined 2.8% Y/Y. One-year ago it stood at US$94.67, compared to US$92.19 in Q4/13 and US$91.98 in Q1/14, according to CardData. VS has an estimated 725 million cards-in-force (CIF) currently in the AP region, compared to 682 million in Q1/13.
i2c payment processing is opening a Singapore office. i2c’s solutions are redefining what’s possible in prepaid, debit, credit and emerging commerce by offering a single global processing platform with integrated mobile and loyalty capabilities. Issuers looking to launch travel, virtual, mobile, corporate and government prepaid products in the Asia Pacific region are working with i2c to get to market quickly with differentiated programs. With programs in market in Japan, China, the Philippines and Australia and new clients coming on board across the region, Asia Pacific is a key growth area for i2c. The office also provides i2c with a physical presence from which it will support its strategic alliance with Visa in the region.
To address the growing market for prepaid products and mobile financial services in the Asia Pacific region, i2c, Inc. today announced the opening of its Singapore office. Located at One Raffles Place, the office will house product, client services and business development staff.
MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) 18.6% on a local currency basis in the first quarter (Q1/14) to US$202 billion. The average purchase ticket in MC APMEA region has declined 5.1% Y/Y. One-year ago it stood at US$96.79, compared to US$93.74 in Q4/13 and US$91.86 in Q1/14, according to CardData. The decline is presumably related to the growth of lower tickets in the MEA portion of the region. MC has 423 million cards-in-force (CIF) currently in the APMEA region.
MasterPass, now present in Singapore, eliminates the need for consumers to enter detailed shipping and card information to complete their online shopping at MasterPass merchant sites. Consumers can securely store MasterCard and other branded credit, debit and prepaid card information address books and more. This simplifies the process of completing a transaction from any connected device, particularly those with smaller screens. MasterCard is continuing to lead the transition to digital payments and deliver solutions that are better, safer and faster. Shoppers in Singapore will be the first in Southeast Asia to experience the offering which promises a simplified payment experience while protecting the user’s card and personal details. By selecting “Buy With MasterPass” as the checkout option, customers reduce the risk of exposing their personal information over potentially unsafe networks and can look forward to more privacy as their details are not shared directly with merchants.
Onebip by Neomobile mpayments service and SingTel telecommunications announced the launch of Direct Carrier Billing for Onebip merchants. This will allow SingTel subscribers to charge purchases from Onebip merchants directly to their mobile phone bills. Onebip Merchants such as Game Publishers and App Developers, will benefit from a more advanced carrier billing technology, higher pricing flexibility, better commercial conditions, increased conversion rates and ultimately new and increased revenue streams. SingTel and Onebip by Neomobile will also support merchants wishing to enter or develop their presence in the Singaporean market, with local promotion and marketing activity.