Payments, fintech and the money moves powering Asia's retail economy.
Going digital is part of HSBC’s strategy as technology and mobility are changing how customers do banking. The customers will be given a discount for every Apple Pay transaction until Januar 15. HSBC Singapore is treating its HSBC Visa and MasterCard credit…
HSBC Holdings plans to step up hiring in China for its retail and wealth business next year. The London-based lender is persisting with its expansion in China despite Britain’s economic slowdown and measures to stem capital outflows. The bank increased the…
President Joko Widodo (Jokowi) has set a target for at least 76 percent of the countrys population to have bank accounts by 2019. “I told the coordinating minister (for economic affairs), bank account holders in 2019 should reach at least 76 percent (of the…
Thailand’s Kasikornbank said on Tuesday (29/11) it plans to open a second branch in Laos and upgrade the status of its local bank in China in 2017 as part of a regional expansion. With assets of $68 billion, Thailand’s fourth-largest lender by assets is…
Credit card use in Singapore is set to fall 24% in less than five years, according to new research from Worldpay, the leader in global payments. For its Global Payments Report 2016, Worldpay analysed 30 eCommerce markets around the world, including Singapore,…
The central banks of Thailand and Myanmar agreed Sunday to start talks on granting access to designated banks in each other’s markets, marking a small step forward in the financial integration of the Association of Southeast Asian Nations. For Thailand,…
Customers can enjoy $5 off every transaction as a kick off promo. HSBC Singapore is treating its HSBC Visa and MasterCard credit cardholders with Apple Pay. Customers using iPhone SE, iPhone 6 to higher versions, and Apple Watch can use Apple Pay in stores…
2C2P, the leading Southeast Asian (SEA) payments services company, and Diners Club International, a subsidiary of Discover Financial Services and part of the Discover Global Network, announced that 2C2P is a global acquirer for all cards running on the…
MasterCard and CB Bank have announced their first payment product in the country – a prepaid travel card for locals called the CB Bank EASI Travel Prepaid MasterCard card. The reloadable prepaid card will be made available to Myanmar residents for when they…
WorldRemit, an online service for overseas money transfers, is looking to expand into new markets and add services like direct payments for bills and school fees, its president said on Friday. The UK-based financial technology start-up, which has raised…
Gold prices fell in Asia on Monday after China data mildly disappointed and investors infrastructure spending plans by president-elect Donald Trump with the Republican part in control of both house of the U.S. Congress. China said fixed asset investment for…
South Korea is the next country looking to go cashless. That in itself may not surprise most people, but the way the government is going about things will raise a lot of questions. It appears the current plan is to force people to hand over all of their…
The latest survey by management consulting firm Bain & Company found that Singapore retail banks lose up to 40 per cent of new product sales to competitors that are better at digital marketing, sales and service. In its seventh annual report on consumer…
The rapid growth of cashless payments are growing rapidly in Asia-Pacific is triggering a corresponding rise in cybercrime, which is costing the region an estimated $81 billion annually. With new combinations of malware customized for local markets, phishing…
Co-Operative Bank (CB Bank), a major commercial bank in the Republic of the Union of Myanmar (Myanmar), Myanmar Payment Union Public Co.,Ltd (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today…
GoSwiff, a global leader in digital payments, announced a partnership with UnionPay International (UPI), a global payment network, to enable merchants on Nimmanahaeminda Road in Chiang Mai to accept UnionPay cards. Using GoSwiff’s mobile point of sale (mPOS)…
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