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Other than the very obvious health concerns caused by COVID-19, the ongoing pandemic is also causing much economic trouble. Apple introduced a customer assistance program for Apple Card users to help offset financial concerns. Many Apple Card users on Reddit…
Mastercard’s joint venture in China has been the green light given by the People’s Bank of China for it to begin formal preparations to set up a domestic bankcard clearing institution in China. Mastercard’s joint venture with NetsUnion Clearing will need to…
Tonik, the first pure-play digital bank in Southeast Asia, will debut in the Philippines in 2020. Tonik Digital Bank has received a banking license from Bangko Sentral ng Pilipinas, the Philippines’ monetary authority, the bank announced in a statement on its…
More than one-third of Hong Kong consumers are ditching plastic in favor of e-wallets, according to a new FIS report on global retail payment trends. The report showed that e-wallets are now the preferred way for Hong Kong consumers to pay for goods online.…
As e-wallets gain popularity in the region, credit cards are fighting back in a push to stay relevant through rewards, reduced fees, and improved customer experiences on digital and mobile. 2019 is a key year. This may be the year when mobile payments are…
HÀ NỘI The State Bank of Vietnam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule. According to the current regulation, the…
If you’re anxious to use Google Pay, but can’t because your bank doesn’t yet support the mobile payment service, you’ll be happy to know that Google is working hard to bring the product to as many consumers as possible. At least in the United States. We’re…
The new digital platform, which offers lower lending rates and encourages prompt debt repayment, could compete with banks’ personal loan facilities. Singapore fintech company Credit Culture has announced the launch of its moneylending platform, making it the…
A new report from data and analytics firm ilion suggests there is a mass-shift underway in the way Australians finance their purchases. According to its inaugural credit card report released on Sunday, Australian consumers under the age of 30 hold over half…
The highly-anticipated AEON Credit #MyFestiveMania Supermarket Sweep Challenge returned for its’ second round, giving out more than RM20,000 worth of prizes to 10 lucky winners. Winners stood a chance to fill up their shopping carts with as many groceries and…
Increasingly complex card-not-present fraud will cost retailers US$130 billion globally in digital sales over the next five years. A Juniper Research study predicts that retailers’ slow pace in keeping up with new fraud prevention requirements will allow…
The State Bank of Vietnam targets credit growth of 14 percent this year, the same as last year. The focus of new loans would be priority sectors such as manufacturing, agriculture and small and medium enterprises, Nguyen Thi Hong, Deputy Governor of the…
Mastercard has opened its upgraded technology center in Vadodara, India as part of the company’s support of the government’s initiative to enhance India’s digital capabilities. Spread across 65,000 square feet, the state-of-the art facility will serve as a…
The appearance of big foreign retail chains like CircleK, Shop&Go, FamilyMart and Aeon and the strong rise of Vietnamese chains Vinamart, Co-op and The Gioi Di Dong have fostered the development of consumer credit in Vietnam, according to the State Bank of…
FE Credit is leading the consumer finance market with $1.4 billion worth of loans provided in 2016, accounting for 48 percent of market share. Its rivals, Home Credit, HD Saison and Prudential, hold 15.7 percent, 12.2 percent and 8.1 percent, respectively,…
The total loans of the banking system are expected to grow by 16.33 per cent in 2017 against December last year, lower than the Government’s limit of 18 per cent. The State Bank of Viet Nam released the information this week after conducting a survey on…
