Payment systems

Foreign cards to work on Seoul buses from 2027

Foreign visitors will soon be able to pay for rides by tapping their contactless credit or debit cards.

Casinos posing as beauty salons spur Philippine digital payment review

The Philippines central bank will now require payment platforms to collect more information on merchants being linked up, including owner details and licenses.

Payroll system of mosques, madrasahs hit by ransomware; staff details potentially compromised

When contacted by ST, MUIS confirmed the incident involving a HR management system operated by Avelogic.

BRICS finance chiefs urge reform of global development financial institutions

Payment firms Visa, Mastercard and Ant International team up on AI agent trust framework

The initiative could help reduce integration costs and accelerate the launch of new agentic services.

Advent, Stripe abandon $63.5b pursuit of fintech pioneer PayPal

PayPal has struggled with modernising its payment technologies as rivals have seized market share.

While You Were Sleeping: 5 stories you might have missed, Aug 28, 2026

US President Donald Trump speaking to reporters at the White House on Aug 27.

Visa, Mastercard begin first Syria global card payments in years

Syrian central bank governor Safwat Raslan posted a video on social media of himself and Syrian President Ahmed al-Sharaa buying coffee at a Damascus cafe by card.

DBS, POSB digital payment services restored after short disruption

DBS also assured customers that their “monies and deposits remain safe” and apologised for the inconvenience.

The Visa story is not about layoffs but about two revolutions

Visa has to manage two technological shocks – AI and tokenisation – says the writer.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.