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credit card payments
Disruption and Digitalisation
Card as a payment method forecast to drop after success of SGQR in Singapore: Worldpay
Digital wallets are now projected to see transaction value increase to 44% by 2028, or $14.8 bil.
May 30, 2024
Fintech
OxPay Financial inks payment facilitator agreement with DCS Card Centre
The agreement allows OxPay to resume international payments via Visa, Mastercard, Diners Club International and China UnionPay.
March 28, 2024
Broker's Calls
UOB’s credit cards’ contribution to fee income could see highest y-o-y growth thanks to Taylor Swift concert: Bloomberg
For all three Singapore banks, credit cards could become a ‘bright spot’ for fee income this year.
July 25, 2023
Digital Economy
Cards remain dominant payment method, but digital wallets projected to overtake in Singapore: FIS
Digital wallets are expected to overtake credit cards as the most popular online payment method, with a 40% market share by 2026.
April 13, 2023
Fintech
Wirecard to cease payment services in Singapore: MAS
Other forms of e-payments such as NETS, PayNow and SGQR continue to be available.
September 30, 2020