APAC

Billions of People and Trillions of Transactions Define the PayFac Opportunity in Emerging Markets

Billions of People and Trillions of Transactions Define the PayFac Opportunity in Emerging Markets
Billions of People and Trillions of Transactions Define the PayFac Opportunity in Emerging Markets
March 29, 2023  |  Payment Methods

Forging a 21st century commerce ecosystem on a global scale means changing consumer behavior, and merchant mindsets, particularly in markets where digital remains a small...

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Alibaba Divides Kingdom Into Six Pieces
Alibaba Divides Kingdom Into Six Pieces
March 28, 2023  |  eCommerce

Alibaba Group is splitting into six pieces with plans to take these new businesses public. The Chinese eCommerce company said Tuesday (March 28) it was...

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Nuvei Takes Three-Tiered Approach to Australia Launch
Nuvei Takes Three-Tiered Approach to Australia Launch
March 21, 2023  |  Cross-border Payments

As China comes back online and adjoining markets like Hong Kong and nearby Singapore also reawaken from a COVID-induced slumber, that part of the world...

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Retailers Say Chinese Consumer Spending Has Not Yet Recovered From COVID
Retailers Say Chinese Consumer Spending Has Not Yet Recovered From COVID
March 10, 2023  |  Consumer Finance

China’s consumer spending hasn’t seen the surge many expected after the lifting of COVID-19 restrictions. In recent comments, the CEOs of eCommerce firms JD.com and...

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PYMNTS Intelligence: Payment Challenges and Opportunities in High-Growth Markets
PYMNTS Intelligence: Payment Challenges and Opportunities in High-Growth Markets
March 01, 2023  |  Cross-border Payments

Southeast Asia has become a tempting area of expansion for international corporates due to its high level of digital payments penetration, with a recent study indicating that...

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Failure to Localize Payments Could Cost Online Merchants 60% of Sales in APAC
Failure to Localize Payments Could Cost Online Merchants 60% of Sales in APAC
February 27, 2023  |  Cross-border Payments

Businesses worldwide are facing significant headwinds in 2023, with inflation still a global concern and rising interest rates leading to fears of recession. Many companies...

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Aspire Raises $100M to Grow Finance Platform in Southeast Asia
Aspire Raises $100M to Grow Finance Platform in Southeast Asia
February 15, 2023  |  Investments

Aspire has raised $100 million in a Series C round to grow its all-in-one finance operating system for businesses. The Singapore-based firm said in a...

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Inflation Gives Banks Opening to Become Consumers’ Trusted Financial Adviser, Says Truist
Inflation Gives Banks Opening to Become Consumers’ Trusted Financial Adviser, Says Truist
February 14, 2023  |  Banking

More consumers are struggling with their finances and budgeting. A recent survey found that 55% of Americans are in a difficult financial position, up 37%...

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