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New age technologies to drive customer loyalty: IBM study
The evolving retail banking landscape in India must focus on deploying new age technologies to innovate, grow, connect and sustain customers, according to a new study titled ‘Understanding the Indian Retail Banking Customer’ commissioned by IBM.
Myanmar banks increase MasterCard acceptance at ATMs
Following acceptance by Asia Green Development bank of MasterCard payments, Ayeyarwady (AYA) Bank now allow MasterCard payment cards and Maestro/Cirrus cards for cash withdrawals at ATMs.
Visa and i2c form strategic partnership to develop prepaid offering
Payments provider partners with global prepaid processor i2c, to broaden reach in prepaid market across Asia Pacific, Central Europe, Middle East and Africa.
All-women bank chooses FIS for technology platform
India's first all-women bank has selected FIS to provide its technology platform.
Payvision adds JCB to its payment portfolio
Global payments provider Payvision has added Japanese JCB Card to its payment portfolio, meaning merchants with Payvision can accept the card.
BOP launches MasterCard-powered debit card
The Bank of Punjab (BOP) has teamed up with MasterCard to issue a debit card service to its customers.
Japanese regulator turns spotlight on banks' links with gangsters
The Japanese regulator is to investigate into whether the three largest banks, Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho made loans to gangsters known as 'yakuza'.
Number of ATMs in Burma rise to 450
The number of automated teller machines (ATMs) in Burma has increased from none in 2012 to 450 in 2013, while the number of point-of-sale (POS) terminals has increased to 2,500.
UBS plans to double invested assets foothold in Asia
The Swiss bank seeks to double its assets under management in Asia from 14.3% to atleast 25% of its global AUM base, to leverage on the expansive economic growth in the region.
Maybank Singapore spends S$55m on IT upgrade
The Malaysia-based bank looks improve the technology infrastructure of its Singapore operations in engagement with Dimension Data and NTT Singapore.
Westpac to move 83 Australian jobs to India
Sydney-based lender Westpac is planning to move 83 jobs from its business consumer lending, business consumer services and group finance divisions in Adelaide, Sydney and Melbourne, to India under a cost-cutting programme.
Popularity of mobile banking in the US surpasses mail and landline
A survey has revealed that the popularity of mobile banking has surpassed both mail and landline, rising by 2% to become the favourite method of 8% of Americans.
Yahoo to keep larger portion of stake in Alibaba
Yahoo is to keep more than half of its shares in Alibaba after a new deal with the Chinese e-commerce giant.
EastWest Bank launches prepaid travel money card
Philippine EastWest Bank has launched a prepaid card for frequent travellers that can carry up to six foreign currencies.
The Reserve Bank of India unveils technical committee on mobile banking
The Reserve Bank of India has announced the institution of a technical committee to assist in its mobile banking strategy.
Axis bank revamps m-banking applications to appeal to NextGen customers
India’s third largest private sector bank worked with Singapore-based mobile solutions company Tagit to bring Axis Mobile 2.0 for greater personalization and ‘on-the-go’ services.
FICO Asia points to growing problem of enterprise fraud in region
In a fraud forum hosted by analytics software company FICO, threats in mobile banking and card-not-present payments were seen as the deepest concerns in Asia.
Agriculture Promotion Bank in Laos goes updates its electronic payment systems
Laos’ largest bank partners with ElectraCard Services (ECS) to enhance electronic payments platform. The electra payments suite will expand delivery channels for the bank, including ATMs, POS, internet and mobile.
"No further extension of time" for security upgrade, says Reserve Bank of India
The Reserve Bank of India has refused to extend the deadline for banks to comply with improved security on card payment terminals.
"China a priority" for Citi, opens first Shanghai branch
Citigroup will be one of the first foreign banks to venture into the new free-trade zone in Pudong, Shanghai, announced by China's State Council on 27 September.
Asia Pacific expected to regain title of largest world wealth market by 2014: RBC Capgemini report
The population and wealth of APAC high-net-worth-individuals (HNWIs) increased at double and triple the rates of HNWIs in the rest of the world over the last five years, and is expected to reach $15.9trn in value by 2015 according to the Asia-Pacific Wealth Report 2013, published by Capgemini and RBC Wealth Management.