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News

Philippines: QR Code Transactions Near P1 Billion

The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic.

News

Vietnam: Virtual Events Scheduled to Mark Cashless Day

Data from the State Bank of Vietnam shows that the number of non-cash transactions has been on a rise in Vietnam during the pandemic.

News

Pandemic Gives Extra Momentum to Cashless Drive in Japan

With more people avoiding physical cash amid the COVID-19 pandemic, digital payments are becoming more popular in Japan.

News

China Mobile Payment Gains Fueled by Pandemic

The annual survey on mobile payments showed 98 percent of respondents indicated mobile was their most commonly used payment method, up 5 percentage points from 2019.

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Digital Payments — Not Cash — Is Now King in Asia’s Payment Ecosystem

Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems.

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COVID-19 Driving Increase in Digital Payments in Singapore

Singapore residents are increasingly adopting digital payments due to the COVID-19 pandemic, according to a GlobalData report.

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Global Data Says COVID-19 Accelerates Shift to Digital Payments in the Asia-Pacific

As governments issue movement restrictions to help curb COVID-19, businesses accelerated their digital transformation which includes, among others, digital payments.

News

COVID-19 Is Boosting Fintech and Mobile Money in Myanmar, but What’s Next?

Where does Myanmar’s fintech industry stand after its first decade?

News

Philippines: Consumers Shopping, Banking From Home Warned vs Rash of Digital Payment Fraud, Hacking

While the COVID-19 pandemic has increased usage of digital payments, there has been an observed increase in attempts at scams and financial crimes.