Tag: credit

Retail Asia11/07/2022
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4min1
The business of providing loans to small and medium firms is booming in Vietnam with the rise of several platforms offering more accessible credit than traditional banks. Bonbon shop, a platform that helps 35,000 grocery stores connect with over 24 major manufacturers, recently launched a credit option of up to VND200 million ($8,563) for stores […]

Retail Asia03/11/2021
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1min0
Significantly lower credit impairments coupled with positive business momentum led to a surge in Standard Chartered’s pre-tax profits for the third quarter. Standard Chartered posted $1.075 billion in pre-tax profits for the third quarter, according to its latest results, marking a 44 percent year-on-year increase. Not unlike its regional peers throughout the year, the reduction of credit impairments […]

Retail Asia29/07/2021
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3min0
Two Singapore startups will help the payment giant accelerate innovation around digital asset technology. Singapore-based Mintable, a non-fungible token (NFT) marketplace; and Stacs, which provides a blockchain infrastructure for the financial industry to unlock value and enable effective sustainable financing, are among of a new cohort of seven startups at Mastercard’s «Start Path» global startup engagement program. […]

Retail Asia21/06/2021
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2min0
Bank credit growth from January 1 to June 15 was 5.1 percent, double the rate recorded in the same period last year. The jump came despite the fourth wave of Covid-19 because the State Bank of Vietnam made monetary policy more flexible and directed banks to focus on funding manufacturing and reduce lending to sectors […]

Retail Asia08/09/2020
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7min0
Mastercard and its partners N-Frnds, SGeBIZ and Finastra have formed an alliance with the support of the Asian Development Bank (ADB) to create technology solutions to drive greater digital efficiency across the retail supply chain in Asia and increase wholesalers’ access to credit. “These unprecedented times underscore the importance of building an inclusive, sustainable digital […]

Retail Asia13/02/2020
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2min0
Mastercard’s joint venture in China has been the green light given by the People’s Bank of China for it to begin formal preparations to set up a domestic bankcard clearing institution in China. Mastercard’s joint venture with NetsUnion Clearing will need to complete preparation work within a year, following its approval to begin operations in the […]

Retail Asia13/01/2020
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3min0
Tonik, the first pure-play digital bank in Southeast Asia, will debut in the Philippines in 2020. Tonik Digital Bank has received a banking license from Bangko Sentral ng Pilipinas, the Philippines’ monetary authority, the bank announced in a statement on its blog on Thursday. This would allow Tonik to provide a full range of retail banking services, focused […]

Retail Asia09/05/2019
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4min0
As e-wallets gain popularity in the region, credit cards are fighting back in a push to stay relevant through rewards, reduced fees, and improved customer experiences on digital and mobile. 2019 is a key year. This may be the year when mobile payments are expected to overtake credit cards as the preferred ways to pay […]

Retail Asia09/04/2019
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3min0
The new digital platform, which offers lower lending rates and encourages prompt debt repayment, could compete with banks’ personal loan facilities. Singapore fintech company Credit Culture has announced the launch of its moneylending platform, making it the first licensee from a pilot by the Ministry of Law for new business models in the personal loans industry, to […]

Retail Asia13/03/2019
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3min0
The highly-anticipated AEON Credit #MyFestiveMania Supermarket Sweep Challenge returned for its’ second round, giving out more than RM20,000 worth of prizes to 10 lucky winners. Winners stood a chance to fill up their shopping carts with as many groceries and household items as they can within 5 minutes time at the AEON Big Subang Jaya. […]

Retail Asia07/03/2019
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2min0
Increasingly complex card-not-present fraud will cost retailers US$130 billion globally in digital sales over the next five years. A Juniper Research study predicts that retailers’ slow pace in keeping up with new fraud prevention requirements will allow cybercriminal practices to become more widespread as more and more consumers shop online. It observes that established point-of-sale […]

Retail Asia09/01/2019
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2min0
The State Bank of Vietnam targets credit growth of 14 percent this year, the same as last year. The focus of new loans would be priority sectors such as manufacturing, agriculture and small and medium enterprises, Nguyen Thi Hong, Deputy Governor of the central bank, said. Credit growth in the Vietnamese banking sector last year […]

Retail Asia20/04/2018
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2min0
Mastercard has opened its upgraded technology center in Vadodara, India as part of the company’s support of the government’s initiative to enhance India’s digital capabilities. Spread across 65,000 square feet, the state-of-the art facility will serve as a collaboration center for more than 700 employees. Mastercard’s Vadodara Centre is part of the company’s vision to […]


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