Cards & Payments
Deutsche Bank obtains 11 bids for India credit card unit
Banking giants ICICI Bank and Standard Chartered are among the 11 interested.
5,000 customers applying for National Australia Bank compensation
The claims seek to recover any third-party costs customers face from online transactions following technical failure.
India’s Union Bank to unveil mobile payment services
Partnership with Nokia and Obopay allows users to store money safely, to send money and to make payments across locations.
ICICI Bank offers cross-border remittance services
I-Express opens access through network of over 2,500 branches and 5,600 ATMs, and 55,000 Visa-enabled ATMs.
KT Corp to buy 20% BC Card stake
Woori and KT will sign an MOU as two parties will continue to negotiate purchase price.
Public Bank and Esso Mobil launch co-brand cards
The PB-Esso Mobil Visa Gold Credit and Debit Cards, launched at the Esso service station in Jalan Ampang, Kuala Lumpur, focus on the needs of drivers...
Hong Kong RTGS incorporates real-time features to SwiftNet
Move enhances lenders' interoperability by using uniform standard to process domestic and international payment.
DBS and PayPal enhance global online shopping experience
Collaboration enables DBS/POSB customers to replenish PayPal accounts for online shopping without credit card.
Taishin launches ATM service for Chinese nationals
Lender is one of 18 enabled to dispense cash for China UnionPay users.
DBS introduces new card design
The bank releases a new card design featuring Singapore’s skyline.
Bank of Shanghai strikes deal with China Mobile
Agreement will enable Bank of Shanghai to promote China Mobile's mobile payment services.
MasterCard collaborates with Bank of China for MoneySend
Tie-up brings product to China to make money transfer simpler and more efficient for their cardholders.
EMV standards body to host annual user meeting
Forum to provide update on technical advances of the EMV standard and future developments.
DBS, JCB International ink merchant acquiring services deal
JCB cardmembers enjoy wider card acceptance in Hong Kong, Macau while DBS provides merchant acquiring services.
SBI selects 2 US firms for POS terminals
Lender picks Visa International and Elavon to distribute 600,000 POS terminals over the next 5 years.
ATM suppliers in Asia note brisk sales despite global crisis
Consumers want more from their ATMs aside from cash.
Commentary
Electronic trading proves its strength in times of volatility
Navigating liquidity challenges for VCs in Asia Pacific
Show, don’t tell: Asian banks need to prove simplification works – here’s how