Cards & Payments
StanChart, Garuda ink deal to boost expansion
StanChart, Garuda ink deal to boost expansion
Standard Chartered Bank will collaborate with Garuda to enhance the latter's Garuda Frequent Flyer customer loyalty program.
Indonesian credit-card holders reach 14.5 million
Credit cards issued in Indonesia increased to 14.58 million in February from 13.8 million over the corresponding period last year.
Mutiara expects improved value as part of BCA's ATM network
Bank Mutiara is expecting its value to increase by joining the ATM network of BCA.
Indonesia's BCA to add up to 3,000 ATMs this year
BCA will add between 2,500 to 3,000 ATMs throughout the country this year, according to its executive director Jahja Setiatmadja.
Thai ATMs to shut down briefly
Kasikornbank and CIMB Bank Thai will temporarily suspend electronic banking services this weekend for a major systems upgrade.
Danamon launches Manchester United cards
Bank Danamon launched Manchester United debit and ATM cards with benefits ranging from shopping deals to watching the team’s matches live.
Sacombank inks remittance payment deal
Sacombank hopes to expand remittance payment services for local individual customers with its new deal with Coinstar Money Transfer.
Lao, Thai banks extend cross-border ATM services
Phongsavanh Bank and Bangkok Bank have signed and launched a cross border ATM link project with the Processing Center Company Limited.
HK's credit card receivables up 10.9% in 4Q
Hong Kong's total credit card receivables went up 10.9 percent to US$13 million in the fourth quarter of 2011 from a year earlier.
Company logos may now appear on Maybank Singapore credit card
Maybank Singapore became the first bank to include an option for companies to feature their company logo and name on a business credit card.
Bank Mandiri, Garuda agree on joint promotion
Garuda Indonesia signed an MoU with Bank Mandiri on joint promotion.
ICBC promotes consumer upgrade with innovative payment services
THe total value of transactions using ICBC bank cards surpassed RMB 3.2 trillion.
ICBC's number of ATMs up to 52,000 by end of 2011
ICBC installed 11,000 ATMs last year to push its total number to 52,000 ATMs in service by the end of last 2011.
Korean credit card spending up to KRW 540 T in 2011
Increase in card loans pushed South Korea's credit card spending to KRW540 trillion or US$478.5 billion in 2011.
Maybank targets double digit remittance growth
Maybank is targeting a double digit growth in the remittance business for financial year 2012.
Vietnam ATMs overwhelmed by numerous users
Vietnam's banks have to intensify measures in coping with a sudden surge in withdrawals at their ATMs.
Bank Mandiri and BCA start ATM interconnection
Mandiri’s alliance with Prima made the interconnection possible.
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