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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. BNPL, in particular, has surged, rising from accounting for 1.6% APAC leads the world in digital wallet adoption.

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Billions Lost to Fraud Despite Efforts, APAC Fintechs Grapple with Rising Threats

Fintech News

This predicament is particularly acute for fintech firms in the Asia-Pacific (APAC) region, where the fintech sector is rapidly expanding. The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. million in 2021. million in 2021.

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Key Trends Shaping Cross-Border Payments in APAC

Fintech News

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. The APAC region led this trend, contributing nearly two-thirds of global spending, with a combined US$9.8

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Klarna Partners with UATP to Tap the $1 Trillion Air Travel Industry

Fintech Finance

Klarna gains immediate access to UATP’s vast base of airlines and travel agencies and is a preferred BNPL partner for EU and APAC. For UATP, integrating Klarna further strengthens the payment network’s support for BNPL options. Klarna’s BNPL is a short-term, interest-free credit service with no fees when paid on time.

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Digital Offerings like BaaS to Contribute Over 40% of APAC Banking Revenue By 2030

Fintech News

Banks in Asia-Pacific (APAC) are diversifying their offerings and embracing innovative digital strategies including super-app platforms, financial marketplaces and banking-as-a-service (BaaS) models. Indian bank and financial services company ICICI Bank is highlighted as one of the top BaaS providers in APAC. trillion by then.

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Standard Chartered rolls out BNPL option to consumers across Apac

Finextra

Standard Chartered is rolling out online and instore buy now, pay later options for credit cardholders across Asia Pacific.

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E-Wallets Set to Dominate Singapore’s Online Payments by 2027, Says Worldpay

Fintech News

The Buy Now, Pay Later (BNPL) payment method, although accounting for just 2% of transaction value, is projected to grow at a compound annual growth rate (CAGR) of 8% from 2023 to 2027. ” said Phil Pomford, General Manager, Global eCom, APAC, Worldpay.