Cards & Payments

China delays Visa and Mastercard entry as Unionpay remains unchallenged
15 Jan 19
The central bank has yet to issue formal acknowledgment.
HSBC enhances credit card rebate programme in Taiwan
15 Jan 19
It will allow cardholders to exchange every NTD from cash rebate for two airline miles.
Kasikornbank ties up with Japan mobile chap operator Line
13 Dec 18
The bank will tap on the latter's 44 million users to grow personal loans.
Thailand mulls harsher stance against cash transactions
12 Dec 18
Banks are considering additional fees as it aims to speed up e-payment adoption.
Citi adds full Apple product suite to rewards redemption platform
7 Dec 18
It is initially available in Australia, Hong Kong, the Philippines and Thailand.
India's mid-sized banks hop on personal lending bandwagon
19 Nov 18
Personal loan balances are expected to grow at a CAGR of 16% for 2018-2022.
UOB forges digital payments service alliance with Grab
13 Nov 18
Customers can pay and top up their GrabPay wallets directly from their UOB bank accounts.
DBS ties up with ride-hailing firm Go-Jek for regional payment services
12 Nov 18
The collaboration will extend to other SEA countries.
Singaporeans are less satisfied with their credit cards in 2018
8 Nov 18
Rewards programmes have room for improvement.
Banks are putting up a fight against China's tech titans
7 Nov 18
Although the amount of nonbank third-party payment skyrocketed 480% from 2014-2017, mobile payments by banks rose by 798% over the same period....
DBS Taiwan unveils credit card for everyday purchases
5 Nov 18
Cardholders earn one reward point for every NT$5 spend and points have lifetime validity.
Japanese banks trial blockchain technology to settle payments
30 Oct 18
Fujitsu has been tapped to develop the application.
Malaysia moves to enable money transfer via mobile number
29 Oct 18
Users can transfer money through DuitNow by December.
HSBC Hong Kong launches fund transfer service with Lu International partnership
26 Oct 18
It cuts transfer time from 1-3 days to within the same day.
Chart of the Week: APAC eats up global payments pie but lags in electronification
24 Oct 18
The region's e-payment transactions are up to 65% lower than Europe's.
Sibos 2018: APAC fuels global payments boom with $900b in 2017 revenue
22 Oct 18
Strong balance growth in China is cementing the region's dominance.
Singapore banks receive boost from regulator's hardline stance against e-wallet lending
17 Oct 18
Entities would need a banking license first before using deposits to extend loans.
Japan enables instant 24/7 fund transfer across banks
11 Oct 18
Around 64 banks have already started implementing the service.
Taiwan Cooperative Bank rolls out QR code payment in Visa tie-up
11 Oct 18
It claims to be the country’s first standardised and EMV compliant QR code payment.
Thailand pushes for regional cross-border fund transfer via QR code
2 Oct 18
It tying up with Cambodia, Laos, Myanmar and Vietnam.
Hong Kong's Faster Payment System goes live
1 Oct 18
Customers can now make and receive real-time payments.
Chart of the Week: Thai banks put up fight against telcos in e-wallet war
26 Sep 18
Lenders will  snap up half of the market in the next four years.
RHB Singapore unveils prepaid multi-currency Visa Card
25 Sep 18
Consumers can exchange 11 currencies on the app.
E-payment transactions in South Korea hit 10-year high in Q2
24 Sep 18
Transactions surged 17.4% to $104.87m.
Hong Kong credit card transactions hit $137.3b in Q2
24 Sep 18
The number of credit cards in circulation hit 20.06 million.
Malaysian banks onboard SWIFT payments platform
21 Sep 18
Maybank and Hong Leong Bank are amongst the joining lenders.
Credit card is still king in Japan as payment apps remain lacking
21 Sep 18
Payments via ‘konbini’ and debit card fail to catch up.
Unified QR code boosts Singapore banks' cashless agendas
21 Sep 18
Lenders are poised to enjoy wider market reach and public acceptance.
OCBC Malaysia to allow payment card personalisation via mobile app
20 Sep 18
It has tapped on fintech firm Ondot.
Maybank Singapore unveils PayNow-ready invoices
20 Sep 18
It features a unique PayNow QR code that can be easily tracked by the bank.
Chart of the Week: Telcos are devouring the Philippine e-payments market
19 Sep 18
Banks are losing market share as a result.
Hong Kong launches Faster Payment System in Smart Banking push
18 Sep 18
Consumers will soon be able to transfer funds instantly and without cost.
Singapore rolls out world's first unified payment QR code
17 Sep 18
SGQR will adopt 27 payment schemes.
DBS adds wealth chat service to WhatsApp and WeChat
14 Sep 18
Relationship managers may soon form a bank-administered private chat group with clients.
Indonesia joins Vietnam in slamming non-compliant Chinese e-wallets
14 Sep 18
E-wallets need to first tie up with local banks before operating.
Philippine banks to roll out electronic fund transfer by end-November
14 Sep 18
The government aims to boost cashless transactions from 1% to 20% by 2020.
Indonesia moves forward with plan to standardise QR code payments
13 Sep 18
The central bank has already finished the technical-heavy stage.
How do Asian banks respond to the digital wallet boom?
13 Sep 18
Their own digital wallets were built around customers’ payment preferences.
Banks in emerging Asia wrestle for e-payments market share against telcos and online upstarts
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.
Hang Seng Bank launches all-in-one payment collection service for merchants
10 Sep 18
Merchants may soon accept several payment methods through one integrated point-of-sale terminal.

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