Cards & Payments
MasterCard Australia's PayPass transactions reaches 1mn transactions
The card company expects all Australian MasterCard credit and debit cards will be PayPass-enabled by April 2014.
MasterCard Australia's PayPass transactions reaches 1mn transactions
The card company expects all Australian MasterCard credit and debit cards will be PayPass-enabled by April 2014.
Bank Indonesia requires banks to issue more advanced cards
The regulation aims to protect customers from a repeat of a massive fraud in 2010.
Maybank boosts India-Malaysia remittance service, expects 15% growth
Maybank has tied-up with India's Axis Bank to introduce remittance services to beneficiary accounts in India.
Malaysian Mastercard holders spend US$2.03 B in "sale carnival"
Malaysian MasterCard cardholders spent US$2.03 billion with 22.7 million transactions during the 1Malaysia Mega Sale Carnival from June 15-Sept 4...
More Malaysian banks focus on transaction banking
More Malaysian banks are now enjoying thre benefits a sustainable fee-based income and a source of low-cost deposits from transaction banking.
Bank Mandiri and Rintis Sejahtera join ATM PRIMA Network
The agreement to increase transactions through Bank Mandiri’s electronic network while improving transaction efficiency.
HDFC Bank and Diners Club form alliance
The Indian bank to offering its 3rd credit card to 20,000 additional new customers per month.
Maybank Singapore to launch all-in-one Mastercard
Maybank’s Platinum Debit MasterCard will allow cardholders to pay for public transport and purchase items at over 15,000 retail points.
Citibank in Malaysia targets 100,000 new cardholders
Citibank Bhd expects to attract 100,000 new cardholders over the next three years with its newly-enhanced Giant-Citibank Credit Card.
ICBC electronic banking reach turnover of over RMB100T in 1st half
ICBC electronic banking posted a turnover of over RMB 100 trillion during the first six months of this year, up 21.8% year-on-year. Of which...
Safer and secure ATM transactions in Asia
ATM cards, especially those using magnetic stripes, are increasingly being exposed to sophisticated fraud attempts during transactions. Fraudsters...
Bank Rakyat campaigns for credit card balance transfer
Bank Rakyat launched a credit card balance transfer campaign which allows over 200,000 holders of its credit cards to enjoy an annual profit rate of...
Woori Bank set to spin off card business
The creation of Woori Card follows similar moves by the lender’s rivals.
ICBC issues first American Express platinum card in China
Industrial and Commercial Bank of China and American Express are offering the CBC AE Platinum Credit Card, the first prestigious AE credit card...
China's bankcard transactions total $27.9T in first half
Bankcard transactions in China during the first half of 2011 reached 178.6 trillion yuan or US$27.9 trillion U.S. dollars.
Vietcombank customers can now trade stocks with VNDirect
Vietcombank will cooperate with VNDirect Securities Joint Stock Co for expanding the payment services via VCB-iB@nking channel. This allows customers...
South Korea in tight watch of increasing dormant credit cards
Dormant credit cards, now about one fourth of the total issued, is on the rise in South Korea due to excessive issuances.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
The Bank of Thailand is eyeing to expand connectivity with more countries.
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Generative AI’s role in the evolution of banking