Cards & Payments
Singapore banks enable faster P2P funds transfer with PayNow Corporate
Corporate customers of participating banks can use NRIC to transfer funds.
Singapore banks enable faster P2P funds transfer with PayNow Corporate
Corporate customers of participating banks can use NRIC to transfer funds.
Indonesia steps up efforts to centralise payment system
Bank Indonesia is campaigning for the shift to the National Payment Gateway card.
Credit card spending in Taiwan hits $47.05b in H1
Purchases via credit card nearly hit the $200b in all six months except February.
Thailand's Big 4 onboard SWIFT gpi for faster cross-border payments
They join around 10,000 other banks on the platform.
South Korea to allow payment via QR code by 2019
The central bank is aiming to create a local version of Alipay or WeChat Pay.
CIMB targets millenials with new credit card
CIMB AWSM cardholders are entitled to 1% unlimited cashback on certain deals.
Nine Philippine banks onboard electronic fund transfer system InstaPay
Around 18 more lenders are expected to use the platform by October.
Thailand and Cambodia to launch QR code payment system
This will streamline the cross-border fund transfer process.
UOB rolls out Razer Pay in Singapore
The scheme will allow users to top up through eNets and transfer funds via FAST.
Mastercard and Singapore's Commercial Affairs Department launch card fraud detector
Mastercard donated 10 pieces of the reader to the department.
Cash is still king in Hong Kong as only a fifth embrace e-payments
Nearly 70% cite that they remain unfamiliar with the tech required to go cashless.
Australian banks urged to set credit card lending limits
A corporate regulator is proposing a three-year repayment period.
Malaysian banks waive fees for interbank fund transfers
The move aims to accelerate the country’s cashless transition.
RHB Bank waives instant transfer fees on online platform
Individuals and SMEs will no longer have to pay $0.12 for payments up to $1,241.48.
China has over 7 billion bank cards in circulation in 2017
Each Chinese person has about 5 cards on average.
10,000 banks aboard SWIFT gpi for faster cross-border payments
Three of China’s big four banks are already live on the platform.
Singapore to be cheque-free by 2025
The government wants to reduce cash and increase e-payments.
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