Cards & Payments
Vietnam cracks down on Chinese mobile wallets
Vietnam cracks down on Chinese mobile wallets
Banks are not officially connected to WeChat, making it illegal in the country.
Hong Leong Bank enables merchants to accept WeChat Pay
HLB customers can now bind their debit cards into the Chinese e-wallet system.
Citi ties up with Spotify to enable music subscription via credit card points
The service will be available in Malaysia, Singapore, Philippines, Hong Kong and Taiwan.
HSBC Philippines to enable corporate clients to deposit payroll in local banks
Employees will be able to choose which bank to go to receive their salaries.
Can China's payment titans crack Hong Kong's mobile wallet market?
AlipayHK users have doubled to 1.5 million since March.
Philippines' BPI rolls out premier credit card
Cardholders can buy foreign currencies from the bank even without a savings account.
Bank of East Asia unveils centralised e-payment platform for merchants
BEA’s ‘i-Payment hub’ can process different payment types in a single device.
Singapore banks enable faster P2P funds transfer with PayNow Corporate
Corporate customers of participating banks can use NRIC to transfer funds.
Indonesia steps up efforts to centralise payment system
Bank Indonesia is campaigning for the shift to the National Payment Gateway card.
Credit card spending in Taiwan hits $47.05b in H1
Purchases via credit card nearly hit the $200b in all six months except February.
Thailand's Big 4 onboard SWIFT gpi for faster cross-border payments
They join around 10,000 other banks on the platform.
South Korea to allow payment via QR code by 2019
The central bank is aiming to create a local version of Alipay or WeChat Pay.
CIMB targets millenials with new credit card
CIMB AWSM cardholders are entitled to 1% unlimited cashback on certain deals.
Nine Philippine banks onboard electronic fund transfer system InstaPay
Around 18 more lenders are expected to use the platform by October.
Thailand and Cambodia to launch QR code payment system
This will streamline the cross-border fund transfer process.
UOB rolls out Razer Pay in Singapore
The scheme will allow users to top up through eNets and transfer funds via FAST.
Mastercard and Singapore's Commercial Affairs Department launch card fraud detector
Mastercard donated 10 pieces of the reader to the department.
Commentary
Thailand backs major conglomerates for digital banks but risks stifling innovation