Payments Research

Oct

Navigating cross-border payments in 2025: Three key considerations for Asia Pacific

The last few years have witnessed a rapidly evolving cross-border payment landscape in Asia Pacific. Across the region, financial institutions and FinTechs have made significant headway in areas like central bank digital currencies (CBDCs) and real-time payments. However, several challenges remain that impede further progress. Potential CBDC fragmentation, legacy systems,…

Oct

China Payments Research

PayPal further expands in China

For many years, the China payments market was an oligopoly with state-owned UnionPay dominating the cards segment while Alipay and Tenpay together held about 90% of mobile payments. These three companies are still far bigger than any of their competitors, but Beijing has in recent years gradually begun improving market…

Oct

India Payments Research

Pine Labs makes progress on return to India

Nearly six months have passed since the publication of media reports speculating on a forthcoming IPO by Indian B2B payments fintech Pine Labs at a valuation of US$6 billion. One reason for what seems to be relatively slow progress on the company’s plans to go public is that it first…

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