All News and Announcements
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.
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.
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.
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.
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.
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.
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.
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?
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.