Credit Cards

Retail Asia01/09/2021

Indonesian fintech platform Kredivo has announced a Vietnam launch through a joint venture, seeking to offer “buy now, pay later” services. It has partnered with Phoenix Holdings, a company with a diversified portfolio in consumer, financial services, retail and technology sectors, to form Kerdivo Vietnam JSC, according to a statement from the Indonesian company. “The […]

Retail Asia06/12/2016

Credit card use in Singapore is set to fall 24% in less than five years, according to new research from Worldpay, the leader in global payments. For its Global Payments Report 2016, Worldpay analysed 30 eCommerce markets around the world, including Singapore, China, India, Hong Kong, Taiwan, South Korea, Malaysia and Australia in Asia. In […]

Retail Asia22/07/2016

Visa, MasterCard and American Express have all introduced support for Apple Pay in Hong Kong. Holders of credit and debit cards from the three companies issued by Bank of China, DBS Bank, HSBC, Standard Chartered, and Hang Seng Bank are now able to take advantage of the mobile contactless payment service. Apple’s Hong Kong website […]

Retail Asia02/05/2016

Local credit card companies are launching offline-to-online (O2O) service businesses by collaborating with various sectors to increase transaction fee income. KB Kookmin Card reached an agreement with Uber Korea on Monday to jointly develop card products and take part in joint promotion campaigns in and outside Korea. “We hope to offer a wider variety of […]

Retail Asia28/03/2016

While the company’s success up to now has relied on the huge domestic home market in China – which accounts for 99 per cent of all UP credit cards issued – this could be about to change. UnionPay is setting its sights on global expansion and intriguingly Thailand is the catalyst which will help make […]

Retail Asia27/02/2016

Korea’s card spending rose sharply in January, data showed Friday, on the back of increased consumption for the Lunar New Year holiday and a gradual recovery in domestic demand. Purchases made with plastic cards reached 56.1 trillion won ($45.4 billion) last month, up 15.9 percent from a year earlier, according to data compiled by the […]

Retail Asia13/01/2015

Mobile wallet may be a new concept, but Indians seemed to have adopted the mechanism faster than credit cards. While there are about 10-12 companies operating in the mobile wallet space, Noida-based Paytm has more than 20 million active users. The number is actually higher than the cumulative number of credit cards in India. According […]

Retail Asia24/12/2014

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Consumers in Australia are less anxious than at any time in the past 18 months amid signs of a robust finale to the Christmas shopping season. The National Australia Bank’s consumer anxiety index, released on Tuesday, has fallen for a second straight quarter to its lowest mark since mid-2013. It also revealed households have increased […]

Tag: Credit Cards

Indonesia fintech startup Kredivo launches in Vietnam

In Singapore, Credit Cards Set to Collapse by Nearly a Quarter

Apple Pay makes its debut in Hong Kong

Credit card companies collaborate to lift fee income

UnionPay now in Thailand

Korea’s card spending jumps 16% in January

Mobile wallet outshines credit cards in India

Christmas shopping: Consumer anxiety falls in time for retail season