Asia Payments Research

Jun

Thailand Embraces Digital Future with Virtual Bank Licenses

Thailand is making a significant leap into the digital banking era, with the Ministry of Finance, advised by the Bank of Thailand (BOT), approving three consortiums to establish virtual banks. This move, following a rigorous review process, aims to drive financial inclusion and innovation within the country’s banking sector. Out of five…

Jun

Asia Payments Research

Wise gains key approval as India reshapes global cross-border payments

In a significant move for India’s financial technology landscape, global payments company Wise has received in-principle approval from the Reserve Bank of India (RBI) to operate as a cross-border payment aggregator. This development is a key indicator of India’s broader strategy to modernize and internationalize its payment ecosystems, promising a more streamlined…

Jun

Asia Payments Research

Worldpay GPR 2025 shows digital wallets continue to dominate in Asia

According to Worldpay’s Global Payments Report 2025, in eight out of the fourteen APAC markets covered, digital wallets have become the leading online payment method. This widespread adoption is driven by consumer preference for convenience and speed, as well as the integration of digital wallets with various payment platforms and services. The ubiquity…

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Asia Payments Research