Payments, fintech and the money moves powering Asia's retail economy.
In order to support Bank Indonesia’s (BI) plan for an integrated payment system called National Payment Gateway (NPG), four banks inked an agreement on interoperability and interconnectivity of debit cards and electronic money on Wednesday. The agreement was…
Eros Now has entered into a strategic partnership in India with Paytm to enable its subscribers to make easy and hassle free payments using the e-wallet service. “Post demonetization in India, there has been a high surge in mobile and digital payments as we…
Indonesia’s central bank governor said yesterday that the bank is seeking to slash three zeros off the face value of rupiah notes to simplify its currency system. Bank Indonesia Governor Agus Martowardojo said he has asked President Joko Widodo to revive a…
Bank Indonesia released on Monday seven new banknotes and four coins bearing the pictures of 12 national heroes. The launch of the new notes and coins was attended by President Joko “Jokowi” Widodo and Bank Indonesia governor Agus Martowardojo in Jakarta,…
Thai bank CIMB says it will open between 20 and 30 sub-branches inside 7-Eleven convenience stores within the next 12 months. The CIMB 7-Eleven branches are aimed at providing extra accessibility to bank services by co-locating in areas where a full-scale…
Demand for innovative payment solutions is on the rise in Thailand, according to global payments technology company Visa, as the value of transactions made by Thai cardholders continues its high-growth trajectory. Total payment volume for all Visa cards rose…
Visa has arranged to to acquire e-commerce payment authentication provider CardinalCommerce to improve the company’s cross-platform payments security capabilities. The transaction, which is subject to the customary closing conditions, is expected to close in…
One of the five largest banks in Singapore has tested a blockchain-based payment service, with an eye to develop commercial products around the tech. OCBC Bank used the tech to send funds between its operations in Singapore and Malaysia, as well as transmit…
The family of Rezky Yami Putri, 27, born with an imperfect three-fingered left hand half the size of a normal hand, was skeptical when she landed a job at Indonesia’s largest lender Bank Mandiri. They thought she was deceived, because such an achievement…
CIMB Bank Bhd has launched a lifestyle mobile application, CIMB Pay that provides combine secure cashless payments with deals and offers. This enables the bank’s seven million customers to experience faster, easier and more secure payments at over 1,800…
Ameriabank and Best Card company on Tuesday, December 13 unveiled a new cashback project, as well as the AYO card and AYO program. The AYO program enables all Ameriabank cardholders (except for gift and business cards) to receive cashback for every payment…
Global payments and technology company MasterCard is intensifying efforts to tap opportunities in the Indonesian premium market segments by offering a variety of exclusive rewards and services for its premium card holders. Among the select opportunities are…
As Myanmar continues to see positive economic growth projections[1], its people are increasingly seeking overseas destinations. The latest Mastercard research revealed that Myanmar is the fastest growing outbound travel market in Asia Pacific with a growth…
JCB, the international operations subsidiary of JCB, CIMB Bank Singapore (“CIMB”), and Wirecard AG (“Wirecard”) are pleased to announce their signing of a License Agreement to begin JCB merchant acquiring services in Singapore. Through the partnership, JCB…
Lender Citibank Indonesia expects to book single-digit loan growth next year although it believes lending will pick up speed in the second half of 2017, the company’s top management said on Wednesday. “For Citibank, we expect single-digit [lending growth]. It…
KB Kookmin Bank, one of the country’s leading lenders, is striving to duplicate its notable success here in the global market through briskly tapping into lucrative businesses across the world. Such efforts have started to bear fruit and the most recent…
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