Tag Archives: APAC

World’s first in-school wearable tech savings & payments programme “POSB Smart Buddy” launches in 19 schools

By | August 16, 2017

 Some 6,000 students are participating in the POSB Smart Buddy programme The programme outfits schools with digital payment infrastructure, provides students watches with digital payment and fitness tracking capabilities, and comes with a mobile app for parents   SINGAPORE,16 August 2017 – POSB today celebrates the official launch of a global first – the POSB Smart Buddy programme /… Read More »

Philippines lags Southeast Asia in credit card use

By | August 16, 2017

MANILA – The Philippines lags Southeast Asia in terms of cashless transactions, even as majority of Filipinos prefer it because of safety and convenience, according to a VISA study. In 2016, 9 percent of personal consumption expenditures were done through credit and debit cards, compared to 50 percent in Singapore and 30 percent in Malaysia and 16 percent… Read More »

Citibank Korea Fails to Compensate for Debit Card Illegal Payments

By | August 14, 2017

s Citibank Korea hasn’t compensated customers who use its debit card for the damages for more than 45 days, the financial authorities enforced sanctions against the bank. According to the Financial Supervisory Service (FSS) on August 13, affiliated stores at Paypal in the U.S. were targeted with a BIN attack and numerous cases of information of Citibank Korea’s… Read More »

Vietnam – Saigon Co.op, VietinBank sign far-reaching deal

By | August 11, 2017

  HCM CITY — The Saigon Union of Trading Co-operatives (Saigon Co.op) and VietinBank have signed an agreement to leverage their respective strengths to benefit tens of millions of customers. VietinBank will offer Saigon Co.op modern banking services, financing for its projects, working capital, cash flow management, collection, payroll and card payment services, and others. At the signing event… Read More »

Singapore – JOINT NEWS RELEASE BY THE LAND TRANSPORT AUTHORITY (LTA) & TRANSITLINK – TOWARDS A CASHLESS PUBLIC TRANSPORT SYSTEM BY 2020

By | August 11, 2017

 The Land Transport Authority (LTA) and TransitLink are working towards a fully cashless vision for public transport by 2020. This is in line with our Smart Nation efforts. 2.  To realise this vision, LTA and TransitLink will launch a series of initiatives where commuters will no longer use cash to pay for rides or to top up stored-value… Read More »

Philippines – ‘Urgent’ Natl ID bill sent to Palace

By | August 10, 2017

Socioeconomic Planning Secretary Ernesto M. Pernia said on Wednesday that the proposed Unified National ID System Act has already been endorsed to President Rodrigo Duterte for certification as “urgent.” “I am pleased to note that the proposed Unified National ID System Act was endorsed by the Executive  Committee of the Legislative-Executive Development Authority Council for certification by the… Read More »

Foreign cards on horizon, may woo Chinese users

By | August 8, 2017

Foreign debit and credit card companies face a long fight with local electronic payment market leader UnionPay as industry supervision is still evolving and customer needs are diverse, experts said.   US card network Visa has applied for a license from China’s central bank to operate in the Chinese market, it said in an email on Friday. MasterCard,… Read More »

Indonesia – Anti-graft body to grill six witnesses in e-ID card graft case

By | August 7, 2017

Jakarta (ANTARA News) – The Corruption Eradication Commission (KPK) is set to question six witnesses in its investigation into an e-ID card graft case. “The six will be questioned as witnesses in the case against Setya Novanto (SN),” KPK spokesman Febri Diansyah said here on Monday. The six are Kurniawan Prasetyta Atmaja, chief of national identity number and… Read More »

Philippine passport validity extended to 10 years

By | August 3, 2017

Dubai: Good news to Filipinos who endure serpentine queues when applying for or renewing their passport. Philippine President Rodrigo Duterte on Wednesday signed into law the Republic Act 10928 that extends the validity of Philippine passports from five years to 10 years. The law allows Filipinos over the age of 18 years to have passports valid for 10… Read More »

China – Mobile payments are in, cash and card nearly out

By | July 31, 2017

“Alipay or WeChat Pay?” she asked as soon as he finished his lunch. “So you don’t accept bank card? And cash isn’t an option?” Chang Xiaohui, 27, an electrical engineer, counter-questioned the waitress at a Hong Kong-style restaurant in Shanghai. She replied: “Sure we do. I mean, not many people are using bank cards or cash nowadays, right?”… Read More »

Com Bank introduces Sri Lanka’s first chip and PIN debit card

By | July 27, 2017

July 27, 2017 (LBO) – Sri Lanka’s Commercial Bank of Ceylon has introduced Mastercard debit cards with chip and PIN technology for the first time to the country. “These cards replace the existing Maestro debit cards with magnetic strips. The new Chip and PIN debit card will minimise the possibility of fraudulent transactions at Point-of-Sale (POS) due to… Read More »

Nepal – National ID card will be gender inclusive, says Minister Sharma

By | July 25, 2017

Home Minister Janardan Sharma has claimed that the new national identity card, which is going to be launched soon as a pilot project, will be gender inclusive. Responding to queries raised by some lawmakers about the rumoured features of the new ID that is supposed to replace the citizenship card, Sharma said the details will include the names… Read More »

Philippines – OFW ID project comes under serious criticism

By | July 22, 2017

THE proposed OFW ID card of the Department of Labor and Employment has come under fire from another policy advocate, the Lilac Center for Public Interest. Lilac said the OFW ID card was a ‘half-baked’ project that needed to be returned to the drawing board for further serious technical and social study. “All the signs point to the… Read More »

Indonesia’s graft agency probes missing S$205.5 million in identity card project

By | July 20, 2017

What could be Indonesia’s largest graft probe revolves around the embezzlement of more than 2 trillion rupiah (S$205.5 million), or nearly half of the 5.9 trillion rupiah Parliament approved to pay for the national e-KTP project. KTP stands for kartu tanda penduduk, or identity card in Bahasa Indonesia. The biometric cards were supposed to be issued to Indonesians… Read More »

Swatch updates mobile-payment watches for China, linking with UnionPay to keep sales ticking

By | July 20, 2017

Swatch Group, which claims to be the world’s largest watch maker, has launched the second generation of its chip-embedded devices that can be used for mobile payments in China, after teaming with UnionPay to offer “Swatch Pay”. The new watches can be linked with credit cards issued by 11 partner banks – including Bank of China, Industrial and… Read More »

Shinsegae releases SSG branded credit card

By | July 19, 2017

Retail giant Shinsegae said Wednesday that it will release a branded credit card called the SSG Card on Thursday. While most retailers partner with existing credit card companies to create credit card benefits for their consumers, Shinsegae produced its own card to create synergy with its SSG Pay system. When used together with SSG Pay, the SSG card… Read More »

Indonesia – KPK names Setya Novanto suspect in e-ID graft

By | July 17, 2017

  The Corruption Eradication Commission (KPK) has named Speaker of the House of Representatives (DPR) Setya Novanto a suspect in the electronic identity card (e-ID) graft case, which reportedly caused Rp 2.3 trillion in state losses. KPK chairman Agus Rahardjo broke the news in a press briefing held at the anti-graft body’s headquarters in South Jakarta on Monday… Read More »

Filipino National ID law pushed, but will it pass this time?

By | July 13, 2017

Manila: A senior Philippine lawmaker is urging Congress to prioritise the passage of a national ID law saying the measure would boost the efficiency of government services and expedite transactions requiring information on a person’s identity. Senate Minority Leader Franklin Drilon said the Senate and House of Representatives must swiftly pass measures on the establishment of a national… Read More »

Phl the most ID-ied country

By | July 9, 2017

A few years back, there was a forum held at the Ateneo de Manila University where one of the speakers talked about how Filipinos seemed to be untrustworthy. Proof of that, the speaker who is a political science professor noted, are the requirements in many official transactions to show or provide at least two government-issued identification (ID) cards.… Read More »