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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% of e-commerce payments in 2022 to 4.4%
UATP , the globalpayment network that enables organizations to simplify payment processes and expand their payment capabilities, has announced a new partnership with Klarna , the AI-powered globalpayments network. Globally, about 30% of the payments Klarna processes are immediate payment.
E-wallets are gaining significant traction in Singapore, with predictions indicating they will become the primary payment method by 2027. According to the 2024 GlobalPayments Report by payment processing company Worldpay, e-wallets are expected to handle over 50% of online spending in Singapore by 2027.
Globalpayments platform Thredd announced the appointment of Brian Kieley as Chief Client Officer. Kieley, effective immediately, will oversee the client success function globally, managing teams in the UK, Europe, APAC, and the U.S. I’m looking forward to being a part of their growth journey.”
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Airwallex (Singapore) Founded in 2015 in Australia, Airwallex is a leading global financial platform for modern businesses, offering solutions to manage everything from payments, treasury, and spend management to embedded finance. Atome Financial (Singapore) Founded in 2019, Atome Financial is a digital financial services platform.
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