Cash

Retail Asia24/01/2017

Cash as a mode of payment has declined in the country by 2 per cent in the past six years, from 14.02 per cent in 2010 to the current 12 per cent. As per the State Bank of Việt Nam’s report released this week, the country currently has around 67.4 million bank accounts compared to […]

Retail Asia09/01/2017

With online sales booming in the country of 93 million, it’s time for shoppers to embrace e-commerce. Vietnam is trying to convince at least 70 percent of its citizens aged 15 and over to open bank accounts and about 50 percent of urban residents to switch to non-cash payments via debit and credit cards by […]

Retail Asia02/12/2016

Malaysia’s central bank, Bank Negara Malaysia, has approved the offshore loans that AirAsia‘s founders Tony Fernandes and Kamarudin Meranun will use to inject over MYR1 billion ($247 million) of new equity into the airline. As a result of the approval, the agreement to purchase 559 million new AirAsia shares at a price of MYR1.84 per […]

Retail Asia17/11/2016

Saranya Pipoppinyo (right), Vice President Marketing of AEON Thana Sinsap (Thailand) Public Company Limited, hands over keys to a Nissan March, valued at 451,000 baht, to Suthit Saisuwan from Sisaket, the lucky winner of the grand prize from the AEON Promotion Your Cash Car Lucky Draw campaign which had run from July 1 to September […]

Retail Asia08/06/2016

Demand for cash in Indonesia is expected to rise by 14.5 percent to Rp160.5 trillion during Ramadan and post-fasting holiday of Lebaran this year, a central bank official said here on Monday. “There are several factors that would make cash demand to increase this year,” Bank Indonesias executive director for money circulation management, Suhaedi, said. […]

Retail Asia01/05/2016

Whenever she needs to use money – whether to take the subway, buy a drink from a vending machine or pay for lunch at a restaurant – Ms Kim Mee So, 29, will whip out her debit card. It is the only card the teacher carries with her in her bag, and the only one […]

Retail Asia31/03/2016

Hong Kong International Airport (HKG) is running a double promotion to travellers, which includes instant rebates in the form of coupons worth up to HK$5,000/$645, as well as a free delivery service. From 1-11 April travellers spending more than HK$20,000 and HK$50,000 by electronic payment on the same day at the 68.5m-passenger hub can receive […]

Retail Asia05/02/2016

Thailand has become the latest country where Uber taxi drivers can take cash from a passenger instead of a credit card. Uber tested its cash payment scheme in Bangkok on Wednesday as an alternative to the credit card option. Passengers have to tell the firm before the ride about their cash option and pay the […]

Retail Asia12/01/2015

An attempt by Berli Jucker Plc (BJC) to buy Metro Group’s cash-and-carry unit in Vietnam was aborted on Thursday after its shareholders voted unanimously to reject the EUR655-million (USD775.7 million) deal.

Tag: Cash

Cash payment declines by 2% in 6 year

Vietnam urges retailers to ditch cash for plastic

AirAsia founders’ MYR1bn cash injection inches forward

AEON Your Cash awards Nissan March to lucky winner

Demand for cash expected to rise during Ramadan

Card, not cash, is king in South Korea

HKG offers instant ‘cash’ to airport shoppers

Uber Tests Cash Option For Bangkok

Berlin Jucker’s Metro deal stalls