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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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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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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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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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Airwallex Atome enable BNPL payments for merchants in the APAC region

The Paypers

Australia-based Airwallex has partnered with BNPL provider Atome to equip its merchants in Singapore, Hong Kong, Indonesia, and Malaysia with BNPL functionality.

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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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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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