Cards & Payments

Delinquency ratio up for Korean card firms

Delinquency ratio before provisioning of South Korean card companies rose by 0.06 percentage point in the second quarter from the previous quarter.

Delinquency ratio up for Korean card firms

Delinquency ratio before provisioning of South Korean card companies rose by 0.06 percentage point in the second quarter from the previous quarter.

Indian Bank to offer online school fee payment

Indian Bank will facilitate "online fee payment facility" for Tamil Nadu Open University .

China Bank to finally have its own credit card

The Philippines’ China Banking Corporation will issue its first credit card next year.

Number of China's bank cards on the rise

Around 3.23 billion bank cards were issued in China as of the end of the second quarter.

Visa prepares for e-payments in Myanmar

Visa has stared a series of training workshops to prepare selected local banks for the introduction of electronic payments in Myanmar.

Indian ATMs to double; accept deposits

Indian banks have been asked to double the number of ATMs and upgrade it cash collecting machines.

AMMB targets up to 12% net profit

AMMB Holdings is targeting an annual net profit of between nine and 12 percent for the next three years.

Hong Leong Islamic targets $64M debit card deposit

Hong Leong Islamic expects its debit cards to increase total deposits from RM75 million to RM200 million or US$64.13 million.

BNI upbeat on 40% credit card growth

Bank Negara Indonesia anticipates a 40 percent growth in its credit card transaction value in 2012 as it intensifies cooperation with merchants and...

Krung Thai Bank pilots corporate cash card

KTB will help companies manage their cash flow and reduce the risk of their payees holding cash through its new corporate cash card.

BNI upbeat on 40% credit card growth

Bank Negara Indonesia anticipates a 40 percent growth in its credit card transaction value in 2012 as it intensifies cooperation with merchants and...

WTO rules in favor of China on payment card dispute with US

China welcomed a WTO ruling dismissing U.S. accusations that China's Union Pay barred foreign service providers from entering the Chinese market.

Krungthai Card targeting active spenders

Krungthai Card's focus on attracting active spenders resulted in an increase in credit-card spending and use of its personal-loan products.

Mobile payments promoted in Mekong region

The latest developments in mobile payments in Thailand, Laos, Cambodia, Myanmar, and Viet Nam are being showcased at a banking summit in HCM City.

Samsung, Shinhan to offer credit card for self-employed

Samsung and Shinahn will offer a credit card designed exclusively for Korea’s 2.5 million self-employed workers next month.

S.Korean banks pay off short term foreign debts

South Korean banks held sufficient foreign currency liquidity to repay foreign debts in June.

Citibank launches Citibank Rewards Card in the Philippines

Cardholders will be entitled to 5% rebate at partner boutiques among other exclusive deals.