South Korea’s Hana Financial Group and Upbit operator Dunamu are trialling stablecoin payments from Upbit wallets, with Hana Card taking part. Merchants could be paid in near real time instead of days, and the partners plan VIP services from January 2027.
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Sri Lankan merchants on WEBXPAY’s network can now accept UPI, Indian cards and net banking from over 100 Indian banks through a tie-up with India’s Pine Labs, aimed at the 530,000-plus Indian visitors who came in 2025. Southeast Asia is next.
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The Bank of Thailand has opened draft rules for baht stablecoins to public comment. Tokens would need full 1:1 backing in bank deposits, redemption within one business day and no interest, with issuers licensed as payment businesses under central bank supervision.
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IF Security Solution has opened a smart card production and personalisation centre in Petaling Jaya that can make up to 80 million bank and SIM cards a year. It targets about RM104.5 million in annual revenue and aims to serve banks, fintechs and telcos at home and abroad.
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Japan’s National Police Agency will add QR codes to traffic tickets from July 2027, letting offenders pay minor fines by credit card, smartphone app or online banking instead of queuing at a bank. Here is how it will work and what it means for Japan’s cashless push.
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Bursa-listed Revenue IF has signed a three-year exclusive framework deal with China’s WeSure to build cross-border and insurance payment services in Malaysia, Singapore, Indonesia and Thailand, covering premium collection and claims payouts. No financial terms or launch dates have been disclosed yet.
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Bank Indonesia will start sandbox trials of cross-border QRIS payments with Hong Kong and Timor-Leste in Q4 2026, adding to six live markets including Malaysia, as QRIS growth cools to 75.80% with 70.6 million users and 49.4 million merchants.
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Hong Leong Bank has added China QR payments to its HLB Connect app through UnionPay International. Customers can pay at over 120 million UnionPay and Weixin Pay merchants, and spending from a pre-converted yuan balance carries no transaction fees.
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HSBC has begun a phased rollout of RedCoin, a Hong Kong dollar stablecoin, to more than 3.3 million PayMe users. Here is how the licensed, one-for-one backed token works, why it is a first for Hong Kong’s new stablecoin rules, and what to watch next.
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Bank Negara Malaysia and the Bank of Thailand have joined BLOOM, a Singapore-led programme on settling cross-border payments with tokenised deposits and regulated stablecoins. Nothing changes for consumers yet, but Malaysian banks, wallets and exporters could benefit as common regional rules take shape.
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