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Forrester Report: The Future of APAC Payments

Fintech News

In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. APAC leads the world in digital wallet adoption.

APACS 113
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94% of people in the APAC region consider using an alternative payment method in 2022, Mastercard finds

The Paypers

94% of people in the APAC region say they will consider using at least one emerging alternative payment method in 2022, according to the Mastercard New Payments Index.

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Mastercards Uncovers Secrets to Money Management of Affluent Customers in APAC

The Fintech Times

and more payment methods overall (average of six vs five) than that of mass consumers’, demonstrating their willingness to do more to maximise the incentives from each transaction. In APAC, affluent consumers use even more payment methods, with an average of 7.5 per person.

APACS 52
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Singapore, Hong Kong Merchants Gain JCB Acceptance Through Nuvei

Fintech News

Nuvei, a fully licensed direct local acquirer in Singapore and Hong Kong, recently obtained a Major Payment Institution license in Singapore. The company’s modular payments platform connects clients with customers in over 200 markets, supporting 716 alternative payment methods and offering acquiring in over 50 markets.

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Digital Fraud Attacks Rise 17% in Financial Services, Driven by Payment and Account Creation Fraud

Fintech News

Notably, North America saw a 30% rise in attack rates, in contrast to declines in Asia-Pacific (APAC) and Europe, the Middle East and Africa (EMEA), where rates dropped by 15% and 24%, respectively. According to the report, human-initiated attacks in financial services rose to 1.2% last year, up 8% year-over-year (YoY).

Accounts 142
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XTransfer and EBANX Partner to Facilitate B2B Trade Payments in Latin America

Fintech Finance

The offer is completely aligned with the preferences in Latin America: internal data of EBANX show that more than 75% of B2B transactions in the EBANX platform are paid with alternative payments (other than cards). This enables businesses worldwide to engage in cross-border trade with confidence in the LatAm region. “We

B2B 102
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XTransfer and EBANX Join Forces to Support Firms Selling to Latin America With New Payment Solutions

The Fintech Times

Typical B2B payments can still take up to 14 days to be confirmed and involve up to six intermediaries, often with low visibility and high fees, according to EBANX’s annual study, Beyond Borders 2024. Internal EBANX data also shows that APMs power over 75 per cent of B2B transactions in the EBANX platform.