Apac news and trends

Google Opens Its Digital Wallet to Users In India
Google // May 08, 2024

Google’s digital wallet is now available in the world’s most populous country. The tech giant announced Wednesday (May 8) that the Google Wallet was now open to users India, with a focus on “localized experiences.” “To start, we’ve partnered with over 20 of India’s top brands, offering...

Payment Diversification Creates Winning Formula for Merchants
Payment Methods // 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 integration of local payment solutions. “You need to embrace local payment methods and prioritize them...

Digital Wallets Provide Local Touch to Connected Travel Experiences
Mobile Wallets // April 29, 2024

Alipay+ unveiled a cross-border payments initiative in a move to boost Hong Kong’s tourism and commerce sector. The platform facilitates transactions for users of 14 overseas mobile wallets and bank apps from nine countries and regions. Among the eWallets and bank apps newly introduced to the city’s landscape are Hipay from Mongolia, Malaysia’s MyPB by Public Bank Berhad and Touch ’n...

Nium and Thredd Launch APAC Virtual Card Partnership
B2B Payments // April 24, 2024

Cross-border payments platform Nium and payments processor Thredd have expanded their partnership. As Thredd said in a Wednesday (April 24) news release, this expansion will allow Nium issue virtual cards in the Asia-Pacific (APAC) region. “APAC presents a substantial opportunity for global travel intermediaries that will in turn spur robust...

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
Google Opens Its Digital Wallet to Users In India

May 08, 2024
Google’s digital wallet is now available in the world’s most populous country. The tech giant announced Wednesday (May 8) that the Google Wallet was now open to users India, with a focus on “localized experiences.” “To start, we’ve partnered with over 20 of India’s top brands, offering one of the widest ranges of partners for any digital […]

Nium and Thredd Launch APAC Virtual Card Partnership

April 24, 2024
Cross-border payments platform Nium and payments processor Thredd have expanded their partnership. As Thredd said in a Wednesday (April 24) news release, this expansion will allow Nium issue virtual cards in the Asia-Pacific (APAC) region....

PayU Receives RBI Authorization to Operate as Payments Aggregator

April 23, 2024
PayU has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a payments aggregator. With this approval, the digital financial services provider can start onboarding new merchants to...

OpenAI Names Former AWS President Tadao Nagasaki to Head Japan Operations

April 15, 2024
OpenAI has tapped the former president of Amazon Web Services’ Japan operations to lead its push into that country. Tadao Nagasaki’s appointment, announced Monday (April 15), comes as the artificial intelligence (AI) firm is opening an...