Vietnam 

High profits lead to stiff competition in credit card market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Banks have seen profits from the credit card business climb in recent years, which has encouraged more competition in the market. — VNA/VNS Photo HÀ NỘI — Both domestic and foreign banks are offering preferential programmes to lure more credit card holders to compete for a larger market and a piece of the high profits generated by the credit card segment. Vietnam International Bank (VIB) recently launched its VIB Zero Interest Rate Credit Card, which is free of interest for all card expenses. VIB is the first bank in Việt Nam to waive…

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Vietnam 

MPOS mobile card payment leads the growth of payment channels in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The amount of MPOS payment points accounted for 9 per cent in the card acceptance network nationwide. — Photo tapchitaichinh.vn HÀ NỘI — 2018 was the year witnessing the outstanding development of the new payment method via mPOS device. There was 27,500 places accepting payment via mPOS, posting 99 per cent year-on-year increase, according to the Việt Nam Bank Card Association (VNBA). The amount of MPOS payment points accounted for 9 per cent in the card acceptance network nationwide. Data from the VNBA’s annual report in 2018 also showed that…

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Singapore 

EZ-Link, Touch ‘n Go to launch Singdollar-ringgit Combi Card in Q4 2019, Singapore News

SINGAPORE – Local travel card issuer EZ-Link and Malaysia’s Touch ‘n Go announced on Tuesday (April 9) that they are planning to introduce a dual-currency cross-border Combi Card in the fourth quarter of 2019. This comes after the collaboration was cited in the joint statement by Prime Minister Lee Hsien Loong and his Malaysian counterpart Dr Mahathir Mohamadfollowing their Leaders’ Retreat in Putrajaya on Tuesday. Both leaders welcomed the good progress made by both companies to launch the Combi Card that can be used by motorists who travel in both…

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Home 

Apple’s next big things are not things – hardware giant shifts to services with TV streaming, news, credit card and games

Apple on Monday unveiled a star-packed original video service, a subscription plan for magazines and newspapers, and a credit card as part of a new strategic move for the iPhone maker.The US tech giant, aiming to emphasise digital content and services to make up for a slump in smartphone sales, also announced Apple Arcade, a game subscription service for mobile and other devices.Director Steven Spielberg, TV host Oprah Winfrey and Hollywood stars Jennifer Aniston, Reese Witherspoon and Steve… Source link

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Singapore 

Man allegedly spent $18,000 with credit card left behind by accident at AXS machine in Yishun, Singapore News

A 29-year-old man suspected of spending more than $18,000 using a credit card that was accidentally left behind at an AXS machine was arrested on Thursday (March 21). The police said in a statement on Thursday that they received a report from the victim that there were several unauthorised transactions made with his missing credit card. Preliminary investigations reveal that the suspect allegedly picked up the victim’s credit card at an AXS machine in Yishun Avenue 2. He then allegedly used the credit card he found to buy several pieces…

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Singapore 

7 things you probably didn’t know about your EZ-Link card, Singapore News

EZ-Link is just like GST. We don’t know how it works exactly, but it’s always there, slowly but surely sucking away our hard-earned money in small, painless increments. It’s time to change that. … Uh, sorry, I didn’t mean the part about being leeched. I meant the part about knowing how EZ-Link works. Being aware of the… unique intricacies of EZ-Link can not only enrich your daily public transport commute, but also potentially help you save a bit of time and/or money. Are you ready? Let’s dive into the world…

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Singapore 

Forgot your ATM card? Here are 3 ways to still withdraw cash in Singapore, Singapore News

It can be frustrating when you need to withdraw cash only to realise that your ATM card was left at home. Instead of borrowing money from your friends or colleagues, here are some ways to get cash without an ATM card. 1. SOCASH soCash is a mobile app service that allows you to withdraw cash from over 1,000 participating shops in Singapore. You have to select a withdrawal amount and the app will list down the nearest cashpoints based on your current location. The minimum and maximum withdrawal amount at…

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Vietnam 

Central bank issues roadmap for ATM card upgrades – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Under a new regulation, commercial banks will have to switch 30 per cent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and service quality. Under Circular 41/2018/TT-NHNN, which will replace Circular 19/2016 as the regulation on bank card operations starting on February 18 this year, commercial banks must increase the ratio of chip cards to at least 60 per cent by 2020. This means…

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Singapore 

Woman arrested for making more than $41,000 of unauthorised credit and debit card transactions, Singapore News

SINGAPORE – A woman was arrested on Friday (Jan 4) for making unauthorised transactions amounting to more than $41,000, said the police in a statement. On Dec 11, 2018, the police received a report from a bank that multiple reports had been made by their clients for unauthorised credit and debit card transactions via the EZ-Link app. Officers from the Commercial Affairs Department established the identity of the 28-year-old woman and arrested her in Upper Changi Road on Friday. The woman is believed to have made more than 1,000 unauthorised…

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