Cards & Payments

25 Sep 18
Consumers can exchange 11 currencies on the app.
24 Sep 18
Transactions surged 17.4% to $104.87m.
24 Sep 18
The number of credit cards in circulation hit 20.06 million.
21 Sep 18
Maybank and Hong Leong Bank are amongst the joining lenders.
21 Sep 18
Payments via ‘konbini’ and debit card fail to catch up.
21 Sep 18
Lenders are poised to enjoy wider market reach and public acceptance.
20 Sep 18
It has tapped on fintech firm Ondot.
20 Sep 18
It features a unique PayNow QR code that can be easily tracked by the bank.
19 Sep 18
Banks are losing market share as a result.
18 Sep 18
Consumers will soon be able to transfer funds instantly and without cost.
17 Sep 18
SGQR will adopt 27 payment schemes.
14 Sep 18
Relationship managers may soon form a bank-administered private chat group with clients.
14 Sep 18
E-wallets need to first tie up with local banks before operating.
14 Sep 18
The government aims to boost cashless transactions from 1% to 20% by 2020.
13 Sep 18
The central bank has already finished the technical-heavy stage.
13 Sep 18
Their own digital wallets were built around customers’ payment preferences.
12 Sep 18
Indonesian and Philippine banks may lose up to $3.8b and $1.3b respectively as they fail to hold on to their dominance.
10 Sep 18
Merchants may soon accept several payment methods through one integrated point-of-sale terminal.
7 Sep 18
Early tech adoption will cushion the expected earnings blow from new competitors.
6 Sep 18
The mobile payment platform has already partnered with Yahoo Japan.
6 Sep 18
They hold a fourth of the city’s total card balances.
5 Sep 18
Electronic banking fees of CCB and ACB surged 60% and 33% respectively.
31 Aug 18
The move aims to tap into the Chinese visitor market.
29 Aug 18
Nearly all mid-sized and commercial banks have tied up with the three tech titans.
29 Aug 18
Mature economies like Hong Kong, Singapore, and Korea are leading the way.
28 Aug 18
Banks are not officially connected to WeChat, making it illegal in the country.
23 Aug 18
HLB customers can now bind their debit cards into the Chinese e-wallet system.
23 Aug 18
The service will be available in Malaysia, Singapore, Philippines, Hong Kong and Taiwan.
17 Aug 18
Employees will be able to choose which bank to go to receive their salaries.
17 Aug 18
AlipayHK users have doubled to 1.5 million since March.
13 Aug 18
Cardholders can buy foreign currencies from the bank even without a savings account.
13 Aug 18
BEA’s ‘i-Payment hub’ can process different payment types in a single device.
13 Aug 18
Corporate customers of participating banks can use NRIC to transfer funds.
7 Aug 18
Bank Indonesia is campaigning for the shift to the National Payment Gateway card.
6 Aug 18
Purchases via credit card nearly hit the $200b in all six months except February.
2 Aug 18
They join around 10,000 other banks on the platform.
2 Aug 18
The central bank is aiming to create a local version of Alipay or WeChat Pay.
1 Aug 18
CIMB AWSM cardholders are entitled to 1% unlimited cashback on certain deals.
30 Jul 18
Around 18 more lenders are expected to use the platform by October.
18 Jul 18
The scheme will allow users to top up through eNets and transfer funds via FAST.