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Mastercard today announced its partnership with local companies Dah Sing Bank and BBPOS MSL to launch Tap on Phone, a first-of-its-kind solution that will allow small- and medium enterprises (SMEs) in Hong Kong to accept contactless card payments via mobile…
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.…
Samsung Pay has come a long way since making its US and Korea debut more than four years ago, spreading to over two dozen additional markets around the world and pretty much working anywhere physical credit and debit cards are accepted nowadays. That said,…
The financial services company Citi has partnered with Lazada Group to launch the Lazada Citi credit card in Southeast Asia. Offering 10 times more rewards on Lazada purchases and Lazada Wallet top-ups, Citi and Lazada aim to reach more than 500,000 signups…
Retail card spending improved after a relatively flat five-month period, rising 1.1 percent over the month of August, to a total spend of $7.3 billion. Data from Stats NZ shows spending rose across five of the six retail industries when compared to the prior…
The bank is hoping to capitalize on the rising trend of frequent traveling among the younger generation and the high share of rebates and reward card users who are also keen travelers. OCBC Bank has launched its first mass-market miles card, the OCBC 90°N…
Credit card companies in South Korea are consulting with financial authorities to make issuing paper receipts optional. For South Korean credit card companies, issuing paper receipts is a cost they want to phase out following last year’s reduction in…
Retail spending on electronic cards rose in April as Kiwis took advantage of the extended holiday period to eat out and take holidays away from home. Card spending in April rose 0.6 percent seasonally adjusted after a 0.2 percent decrease in March, according…
Shopping for your daily needs such as fresh food, snacks and beverages can be turned into fun and rewarding experiences! Pay with your mobile phones or devices and make every trip to the supermarket enjoyable with these exclusive offers and discounts with…
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…
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…
CIMB Bank Bhd’s newly-launched Corporate Card Solutions is expected to gain significant growth momentum, given that it is a gamechanger in the market. In collaboration with MasterCard, the CIMB Corporate Card Solutions offers convenience, control and…
The latest of MasterCard’s efforts to better serve the people of Myanmar, the CB EasiTravel Prepaid MasterCard Contactless card provides consumers with a more convenient way to pay when travelling abroad without compromising security. U Kyaw Lynn, CEO and…
Indonesians are embracing online shopping at an astonishing rate. The Indonesian eCommerce Association expects the total online market to treble between 2014 and 2016, worth Rp 283 trillion (US$24 billion) in 2016. According to Bank Central Asia, Indonesia’s…
The corporate regulator is expected to grill Aldi over its failure to consistently notify customers of fees for using credit cards and ‘tap and go’ cards, six months after the discount supermarket promised it had done so. Aldi told the Australian Securities…
