Cards & Payments
Korea's open banking system threatens dominance of credit card issuers
Korea's open banking system threatens dominance of credit card issuers
Credit card issuers may lose their tax incentive to fintechs.
RHB unveils commercial card line for SMEs and corporates
The RHB Purchasing Charge Card-i is a Shariah compliant charge card.
Citi enables credit card spend on recurring, big-ticket items
Users can use PayAll for rent and education and earn rewards.
Cash and cheques still account for 40% of Singapore payments
Hawker centres, food courts and wet markets remain heavily dependent on cash.
Cambodia and Thailand ink deal on QR code scheme
It aims to boost local currency usage of both the riel and baht.
Indonesian banks tie up to launch QR code payment platform with Alipay
'Link Aja' will launch sometime in February to March.
DBS unveils loadable QR Ang Bao for Chinese New Year
They will be available from 25 January and can be used until 15 March.
China delays Visa and Mastercard entry as Unionpay remains unchallenged
The central bank has yet to issue formal acknowledgment.
HSBC enhances credit card rebate programme in Taiwan
It will allow cardholders to exchange every NTD from cash rebate for two airline miles.
Kasikornbank ties up with Japan mobile chap operator Line
The bank will tap on the latter's 44 million users to grow personal loans.
Thailand mulls harsher stance against cash transactions
Banks are considering additional fees as it aims to speed up e-payment adoption.
Citi adds full Apple product suite to rewards redemption platform
It is initially available in Australia, Hong Kong, the Philippines and Thailand.
India's mid-sized banks hop on personal lending bandwagon
Personal loan balances are expected to grow at a CAGR of 16% for 2018-2022.
UOB forges digital payments service alliance with Grab
Customers can pay and top up their GrabPay wallets directly from their UOB bank accounts.
DBS ties up with ride-hailing firm Go-Jek for regional payment services
The collaboration will extend to other SEA countries.
Singaporeans are less satisfied with their credit cards in 2018
Rewards programmes have room for improvement.
Banks are putting up a fight against China's tech titans
Although the amount of nonbank third-party payment skyrocketed 480% from 2014-2017, mobile payments by banks rose by 798% over the same period.
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1. How digital payments are forcing QSRs to rebuild checkout and staffing 2. MariBank links remittances to Weixin Pay via TenPay Global 3. DBS pilots Visa Intelligent Commerce for agent-initiated payments 4. Japanese banks face bond yield shocks as yields hit 2.23% 5. BEA’s profit down 24% to $447.87m in 2025 as China losses mountResource Center
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