Cards & Payments

China issues 2.81 billion bank cards by end of September

China issued 2.81 billion bank cards as of the end of the third quarter, up 4.9 percent from the end of June.

China issues 2.81 billion bank cards by end of September

China issued 2.81 billion bank cards as of the end of the third quarter, up 4.9 percent from the end of June.

Indonesia’s central bank mulls establishing e-money watchdog

Bank Indonesia raises concern on regulating e-money transactions for consumer safety.

Garuda, Bank Muamalat ink deal on ticket sales

Garuda Indonesia will provide special corporate fares for Bank Muamalat’s employees and Bank Muamalat will open package tours with special prices...

OCBC launches designer credit cards

There are over 130 designs available for ‘FRANK by OCBC’ credit cards.

ACB's VIP cardholders get benefits from StanChart

More benefits have been added to  Asia Commercial Bank’s VIP customers and Visa Platinum cardholders.

CIMB eyes issuing 1mn new Debit Mastercards

ABM expects debit card usage to grow by up to 70% this year.

Vietinbank Issues VIP cards to loyal customers

Vietinbank issued Platinum VIP Cards with many benefits and exclusive privileges to its loyal customers to extend the bank’s deep thanks to them. I...

Overseas remittance to Vietnam to reach US$8.5 B

The volume of overseas remittance to Vietnam is expected to reach $8.5 billion this year, according to the State Bank of Vietnam.

Indonesia to impose tighter rules for credit cards

Bank Indonesia will revise credit card rules to require a minimum age and salary, capping the number of cards owned, limiting maximum interest rates...

HDFC Bank starts issuing ForexPlus Platinum Card

The card has been tagged as the premium forex card for the global Indian.

ICICI Bank recall cards following cloning scare

The lender joined its rivals in the move after the city received complaints from 64 card users.

MasterCard Australia's PayPass transactions reaches 1mn transactions

The card company expects all Australian MasterCard credit and debit cards will be PayPass-enabled by April 2014.

Bank Indonesia requires banks to issue more advanced cards

The regulation aims to protect customers from a repeat of a massive fraud in 2010.

Maybank boosts India-Malaysia remittance service, expects 15% growth

Maybank has tied-up with India's Axis Bank to introduce remittance services to beneficiary accounts in India.

Malaysian Mastercard holders spend US$2.03 B in "sale carnival"

Malaysian MasterCard cardholders spent US$2.03 billion with 22.7 million transactions during the 1Malaysia Mega Sale Carnival from June 15-Sept 4...

More Malaysian banks focus on transaction banking

More Malaysian banks are now enjoying thre benefits a sustainable fee-based income and a source of low-cost deposits from transaction banking.