Payment News

Downsides of a Cap on Credit Card Interest Rates

The banking sector has been quick to highlight downsides in President Donald Trump’s suggestion of a one-year 10% cap on credit card interest rates in the US. Their argument is that it would remove access to credit for all but the most credit-worthy, leaving those who need ‘back-up credit’ unable to access it.

Growing Role in South-East Asia for Ant International

Part of the Ant Group, Ant International is an independent Singapore-based financial technology company that provides digital payment, digitisation, and financial services across international markets. It says it supported over two billion digital cross-border transactions in 2025, with Southeast Asia playing a central role as mobile wallets, QR payments, and super apps reshape everyday commerce for consumers and small businesses.