Cards & Payments

9 Jul 18
Mastercard donated 10 pieces of the reader to the department.
9 Jul 18
Nearly 70% cite that they remain unfamiliar with the tech required to go cashless.
5 Jul 18
A corporate regulator is proposing a three-year repayment period.
3 Jul 18
The move aims to accelerate the country’s cashless transition.
27 Jun 18
Individuals and SMEs will no longer have to pay $0.12 for payments up to $1,241.48.
27 Jun 18
Each Chinese person has about 5 cards on average.
26 Jun 18
Three of China’s big four banks are already live on the platform.
22 Jun 18
The government wants to reduce cash and increase e-payments.
22 Jun 18
Mizuho, MUFG Bank, and Sumitomo have agreed to unify QR code specifications.
21 Jun 18
The scheme will be a part of the Singapore Quick Response Code utilising mobile banking apps.
20 Jun 18
Consumers made over 8.3 billion card payments in 2017, equal to 23 million transactions a day.
20 Jun 18
A group claims that 50 million of the 132 million cards in circulation are not being used.
20 Jun 18
Payments can be credited within minutes.
20 Jun 18
The value of non-cash transactions in China hit 50% in 2016.
19 Jun 18
The move aims to ease individual money transfer and purchases.
18 Jun 18
Users can now make NETS payments via their mobile phones.
18 Jun 18
However, the country is still miles behind China and India.
11 Jun 18
The shift from magnetic is expected to provide better cardholder protection.
7 Jun 18
Consumers will be able to exchange, consolidate, and redeem loyalty reward points across industries.
6 Jun 18
Three of the country’s Big 4 lenders are already live on the payments initiative.
30 May 18
Lenders handled a whopping $11.1t in mobile payments in the first quarter alone.
30 May 18
Bad credit card debt that was "written-off" jumped 16% to $20.74m in March.
28 May 18
Applicants won’t need to provide supporting documents anymore.
25 May 18
The platform can process a million transactions per second.
25 May 18
When it comes to growth opportunities for digital payments, Indonesia is in a league of its own.
25 May 18
Alipay's aggresive Southeast Asian foray is making banks nervous.
24 May 18
Users will be able to use their e-wallets at Maybank’s key merchants.
24 May 18
The partnership means that cardholders can enjoy up to 20% rebate on Qoo10 spend.
24 May 18
A partnership with wearable firm Garmin is set to provide on-the-go customers with the digital option.
9 May 18
It aims to provide users with digital alternative to the delayed delivery of physical cards.
26 Apr 18
The service was launched in Singapore, Australia and Hong Kong and will be rolled out to Taiwan later this year.
26 Apr 18
The move is in line with the central bank’s cashless push.
24 Apr 18
InstaPay enables transactions of up to PHP50,000 per day.
19 Apr 18
JCB Co. is testing its contactless payment solution using fingerprint authentication.
18 Apr 18
The region has attracted more fintech investments than North America and Europe.
16 Apr 18
It acts as an alternative for businesses to pay local government agencies.
16 Apr 18
Customers can make purchases at Apple Pay merchants within minutes of credit application.
12 Apr 18
It will be available for customers in Southeast Asia and Oceania by 2019.
12 Apr 18
Seven in 10 banks intend to utilise AI to streamline bill payments.
9 Apr 18
There are now nine banks using the service.