Cards & Payments
Credit card market to grow 9.2% in 2026 on increased acceptance and contactless payments
Credit card market to grow 9.2% in 2026 on increased acceptance and contactless payments
Credit cards lead as value-added benefits attract users.
Travel spend in China surges 80%, falls in Western destinations, Visa says
China rises to the top-five travel destination as UK and US tumble in December rankings.
Millennials set to drive $145b digital payment shift
Total transaction value is forecasted to nearly triple by 2030 as younger generations abandon physical currency.
Asia seizes 38 % of global digital payments as SG nears cash-light reality
Singapore led the region’s digital payment surge with real-time systems like PayNow.
Wellness travel goes mainstream as 81% chase health-focused perks
Singapore and Hong Kong led APAC in making sports and wellness core travel experiences.
Card payments projected to generate $158.2b in 2025
This is thanks to the rise of contactless cards, rewards for credit, and financial inclusion in debit.
Grab, StraitsX partner for in-app Web3 wallets, stablecoin settlements
Grab users can spend with Web3 and transact XSGD or XUSD for cross-border settlements.
Mastercard targets full SG adoption of ‘Click to Pay’ scheme in next phase of rollout
Instead of card entry, Click to Pay enables digital payments and in-device biometrics.
Singaporeans account for 11% of stolen card data: study
In terms of price, Japan is most expensive whilst New Zealand saw the most growth.
Affluent cardholders lead spending, travel activity after F1 race: Visa
Affluent card users have 65% more shopping spend whilst 35% of travellers visited other places post-race weekend.
Jewel Changi, Mastercard renew partnership amidst rising visitor spend
Cardholder privileges at airport offerings aim to boost spending.
Mainland tourists drive WeChat’s growth during National Day
Cross-border transactions in Weixin Pay increased by 21% year-on-year
ION Orchard, Visa partner for exclusive retail experiences
ION+ Rewards Members can unlock a variety of premium privileges by shopping with their Visa cards.
Revolut partners with Ant Int’l to enable transfers to China via Alipay
It has a tiered fee system.
MAS, ABS set up SPaN to oversee national payment schemes
It is expected to be fully operational by end-2026.
RTPs gain traction in Singapore as merchants refine payment strategies
This payment method offers lower transaction costs.
MAS, ABS to launch unified payment entity for national schemes
The new entity will consolidate Singapore’s national payment schemes, including SGQR.
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