Apac news and trends

US Sanctions Chinese Government Contractor Employing Flax Typhoon Hackers
Cybersecurity // January 03, 2025

The United States imposed sanctions on Beijing-based cybersecurity company Integrity Technology Group, which is a People’s Republic of China (PRC) government contractor, saying the company was involved in malicious botnet operations targeting U.S. victims. PRC-based hackers known as Flax Typhoon were working for Integrity Tech...

Visa and Tencent to Launch Pay-by-Palm Solution in Singapore
Biometrics // November 08, 2024

Visa and Tencent partnered to launch a pay-by-palm solution, first in Singapore and then in other markets. The collaboration brings together Tencent’s palm recognition technology and Visa’s payment token and other technology, the companies said in a Wednesday (Nov. 6) press release. The pay-by-palm service...

Alipay+ and PayPay Expand Partnership for Cross-Border Payments in Japan
Cross-border Payments // November 06, 2024

PayPay, a QR payments operator in Japan, is expanding its partnership with Alipay+ to widen its merchant coverage network across Japan. More than 3 million merchants will be able to join the global payment ecosystem via the tie-up, allowing tourists to pay securely using their...

Mastercard Expands APAC Digital Wallet Reach With ‘Pay Local’
Mobile Wallets // November 05, 2024

Mastercard debuted a service that lets consumers make card-based payments via local digital wallets. With Pay Local, Mastercard cardholders link their credit or debit cards to a participating local digital wallet to shop with merchants without needing to create or top up a prepaid account,...

Interviews & Exclusives
APAC Middle-Market Leaders Embrace External Financing for Growth

May 14, 2024
We are in the midst of a working capital revolution — one that is increasingly driven by innovation and made more necessary by the macroeconomic backdrop, particularly for those middle-market firms generating annual revenues between $50 million and $1 billion. As more firms seek out and put external capital to work, they are finding that today’s working capital solutions are providing […]

Payment Diversification Creates Winning Formula for Merchants

May 08, 2024
There’s no place like home, particularly when it comes to preferred payment mechanisms. That’s why businesses looking to expand internationally need to ensure that their strategic approach includes diversification of payment methods and the...

Lack of Working Capital Hinders Mid-Market Performance in APAC

April 15, 2024
The Asia-Pacific (APAC) region contributed roughly two-thirds of global growth last year. PYMNTS Intelligence recently studied Growth Corporates, or mid-market firms, in the APAC region to determine how they leveraged...

Optimism in Fleet and Mobility Sector Fuels Use of Working Capital

March 12, 2024
All companies in growth mode need access to capital, whether to fund short-term operational needs, mitigate unexpected expenses or execute plans for growth. One key demographic of these firms are...

Quick Reads
Thunes Adds PayPal’s Hyperwallet to Cross-Border Payments Network

January 14, 2025
Money movement platform Thunes says it has added PayPal’s Hyperwallet to its Direct Global Network. With this movement, Hyperwallet customers can send money in real time to more than 450 million mobile wallets and bank accounts across Bangladesh, Indonesia, Malaysia, Philippines, South Korea, and Vietnam, Thunes announced Tuesday (Jan. 14). “With this new alliance, Hyperwallet can help its expansive global merchant […]

US Sanctions Chinese Government Contractor Employing Flax Typhoon Hackers

January 03, 2025
The United States imposed sanctions on Beijing-based cybersecurity company Integrity Technology Group, which is a People’s Republic of China (PRC) government contractor, saying the company was involved in malicious botnet...

Visa and Tencent to Launch Pay-by-Palm Solution in Singapore

November 08, 2024
Visa and Tencent partnered to launch a pay-by-palm solution, first in Singapore and then in other markets. The collaboration brings together Tencent’s palm recognition technology and Visa’s payment token and...

Alipay+ and PayPay Expand Partnership for Cross-Border Payments in Japan

November 06, 2024
PayPay, a QR payments operator in Japan, is expanding its partnership with Alipay+ to widen its merchant coverage network across Japan. More than 3 million merchants will be able to...