Cards & Payments

Mastercard and Singapore's Commercial Affairs Department launch card fraud detector
9 Jul 18
Mastercard donated 10 pieces of the reader to the department.
Cash is still king in Hong Kong as only a fifth embrace e-payments
9 Jul 18
Nearly 70% cite that they remain unfamiliar with the tech required to go cashless.
Australian banks urged to set credit card lending limits
5 Jul 18
A corporate regulator is proposing a three-year repayment period.
Malaysian banks waive fees for interbank fund transfers
3 Jul 18
The move aims to accelerate the country’s cashless transition.
RHB Bank waives instant transfer fees on online platform
27 Jun 18
Individuals and SMEs will no longer have to pay $0.12 for payments up to $1,241.48.
China has over 7 billion bank cards in circulation in 2017
27 Jun 18
Each Chinese person has about 5 cards on average.
10,000 banks aboard SWIFT gpi for faster cross-border payments
26 Jun 18
Three of China’s big four banks are already live on the platform.
Singapore to be cheque-free by 2025
22 Jun 18
The government wants to reduce cash and increase e-payments.
Japanese banks speed up cashless push before 2020 Olympics
22 Jun 18
Mizuho, MUFG Bank, and Sumitomo have agreed to unify QR code specifications.
Singapore's PayNow expands to corporate fund transfers
21 Jun 18
The scheme will be a part of the Singapore Quick Response Code utilising mobile banking apps.
Cards are chipping away at cash and cheque use in Australia
20 Jun 18
Consumers made over 8.3 billion card payments in 2017, equal to 23 million transactions a day.
Vietnamese banks urged to tighten card issuance
20 Jun 18
A group claims that 50 million of the 132 million cards in circulation are not being used.
Hang Seng Bank onboards SWIFT platform for faster cross-border payments
20 Jun 18
Payments can be credited within minutes.
Chart of the Week: Check out mobile wallet adoption across Asia
20 Jun 18
The value of non-cash transactions in China hit 50% in 2016.
HSBC to lift PayMe e-wallet top-up limit
19 Jun 18
The move aims to ease individual money transfer and purchases.
NETSPay integrates OCBC and UOB cards
18 Jun 18
Users can now make NETS payments via their mobile phones.
E-wallets to snap up 6% of Philippine payments by 2022
18 Jun 18
However, the country is still miles behind China and India.
Vietnam banks speed up transition to chip cards
11 Jun 18
The shift from magnetic is expected to provide better cardholder protection.
OCBC ties up with telco firm Starhub to develop loyalty programme
7 Jun 18
Consumers will be able to exchange, consolidate, and redeem loyalty reward points across industries.
Ten Chinese banks onboard SWIFT gpi for faster cross-border payments
6 Jun 18
Three of the country’s Big 4 lenders are already live on the payments initiative.
Chinese banks thrive on mobile payments as millennials drive cashless push
30 May 18
Lenders handled a whopping $11.1t in mobile payments in the first quarter alone.
Chart of the Week: Singapore banks bear the burden of growing credit card debt
30 May 18
Bad credit card debt that was "written-off" jumped 16% to $20.74m in March.
HSBC integrates personal information vault into credit card application process
28 May 18
Applicants won’t need to provide supporting documents anymore.
MUFG to roll out blockchain-powered payments platform
25 May 18
The platform can process a million transactions per second.
Alternative payment providers position for growth in Indonesia
25 May 18
When it comes to growth opportunities for digital payments, Indonesia is in a league of its own.
China's payment giants try to conquer Asia's banking scene
25 May 18
Alipay's aggresive Southeast Asian foray is making banks nervous.
Maybank joins GrabPay mobile wallet platform
24 May 18
Users will be able to use their e-wallets at Maybank’s key merchants.
Bank of China Singapore ties up with online retailer to launch co-brand credit card
24 May 18
The partnership means that cardholders can enjoy up to 20% rebate on Qoo10 spend.
New Zealand's ASB enables contactless purchases via smartwatch
24 May 18
A partnership with wearable firm Garmin is set to provide on-the-go customers with the digital option.
VPBank unveils digital credit card
9 May 18
It aims to provide users with digital alternative to the delayed delivery of physical cards.
Citi links credit card to Apple Pay's system
26 Apr 18
The service was launched in Singapore, Australia and Hong Kong and will be rolled out to Taiwan later this year.
CIMB waives fees on online and mobile fund transfers
26 Apr 18
The move is in line with the central bank’s cashless push.
Philippine banks go digital with launch of electronic fund transfer service
24 Apr 18
InstaPay enables transactions of up to PHP50,000 per day.
PIN numbers may soon be a thing of the past for Japanese banks
19 Apr 18
JCB Co. is testing its contactless payment solution using fingerprint authentication.
Asia beats Europe in developing new payments technologies
18 Apr 18
The region has attracted more fintech investments than North America and Europe.
RHB Islamic Bank Berhad unveils corporate debit card to slash cash and cheque use
16 Apr 18
It acts as an alternative for businesses to pay local government agencies.
OCBC debuts quick credit card approval and Apple Pay integration
16 Apr 18
Customers can make purchases at Apple Pay merchants within minutes of credit application.
Citi links rewards points redemption service with Samsung Pay
12 Apr 18
It will be available for customers in Southeast Asia and Oceania by 2019.
APAC banks plan to use automated collections systems by 2019
12 Apr 18
Seven in 10 banks intend to utilise AI to streamline bill payments.
Bank of China and ICBC to offer PayNow
9 Apr 18
There are now nine banks using the service.

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