Tag Archives: South East Asia

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 »

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 »

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 »

Philippines – BDO JCB Platinum Credit Card Launch

By | July 27, 2017

Manila, Philippines and Tokyo, Japan, July 27, 2017 – (ACN Newswire) – JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., (referred to below as “JCB”) announced the launch of the first JCB Platinum Credit Card in the Philippines issued by BDO Unibank, Inc. (BDO), the largest bank in the country. The new high-end… Read More »

Philippines – Duterte orders increase of OFW aid to P1-B

By | July 24, 2017

PRESIDENT Rodrigo Duterte on Monday announced that he directed concerned government agencies to raise the assistance to overseas Filipino workers (OFWs) from P400 million to P1 billion. The President said he issued the directive because the government is primarily responsible for securing the rights and welfare of Filipinos working abroad. “We now talk about our overseas Filipinos. They… Read More »

UCPB shifts to EMV chip-based cards; to deactivate old, magnetic-striped cards by August 1

By | July 22, 2017

DAVAO CITY, Philippines—Out with old, in with the new. The United Coconut Planters Bank, one of the largest banks in the Philippines, announced that it will be using the Europay, Mastercard, VISA debit card which is the global standard for payment card security. As the bank shifts to an EMV chip-based cards, it further announced that it would… Read More »

Bank of China to release Sheng Siong credit cards

By | July 21, 2017

These contactless cards offer 12% cash rebates. As part of efforts to drive Singapore’s cashless agenda, the Bank of China Singapore Branch (BOCSG) and local supermarket chain Sheng Siong launched a new contactless credit card that offers up to 12% cash rebate across all stores. According to a joint release, the cash rebate is the highest amongst grocery… 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 »

Indonesia – KPK Names Setya Novanto as Suspect in ID Card Graft Case

By | July 17, 2017

TEMPO.CO, Jakarta – House of Representatives Speaker Setya Novanto has been officially named as a suspect in the electronic ID card (e-KTP) graft case.  Setya’s suspect naming was announced by Corruption Eradication Commission (KPK) Chairman Agus Rahardjo during a press conference at KPK headquarters on Monday, July 17. “KPK officially names SN as a suspect for abusing his authority and… 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 »

Philippines – iDOLE OFW ID launched

By | July 15, 2017

MANILA, July 15 — The Department of Labor and Employment will soon issue the guidelines for overseas Filipinos workers to be able to avail of the iDOLE ID card, Secretary Silvestre Bello III said yesterday. Launched on Wednesday, Bello described the iDOLE ID as the ‘best gift’ that President Duterte is giving to millions of OFWs for easy transactions with… 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 »

Philippines plans 2018 launch of national ID system with biometrics, EMV

By | July 12, 2017

The government of the Philippines plans to debut its national identity system in 2018, eventually serving some 105 million citizens within its first two years of availability. The Republic of the Philippines will spend some 2 billion Philippine pesos for the program’s roll-out next year, pending approval from congress. The Philippines Department of Finance plans to utilize biometric… Read More »

Philippines – Palace repeats support for national ID system

By | July 11, 2017

    Malacañang on Tuesday reiterated its support for the implementation of a national identification (ID) card system in the Philippines, but it clarified that the proposal for a Muslim ID scheme was a local  initiative.   As the director of the PNP has already said, this is not a mandate coming from higher authorities,” Undersecretary Ernesto Abella, presidential spokesperson, said in a… Read More »

Philippines – Gov’t to allot P2 B for national ID

By | July 10, 2017

MANILA, Philippines –  The government is set to allot a budget of P2 billion for the roll-out in 2018 of the national identification (ID) system pending in Congress, the Department of Finance (DOF) said Yesterday. DOF Undersecretary Karl Kendrick Chua said the government would implement the national ID system starting 2018  so that 105 million Filipinos can benefit… 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 »