China’s largest telecommunication operator China Telecom Ltd. is partnering with the Bank of China Ltd. and China UnionPay to offer a mobile-payment service in the city of Ningbo in China’s Zhenjiang province.
The service, dubbed the Tianyi Great Wall Card, … Read the rest
Chinese banks will replace magnetic stripe cards with smart cards by 2015, according to an official from China UnionPay.… Read the rest
American Express Co. and Sberbank Ltd have reached an agreement enabling Russia’s largest bank to issue AmEx cards beginning early next year, the companies announced Nov. 11.… Read the rest
Mitsubishi UFJ Nicos Co. Ltd. has launched three versions of a new JCB-branded credit card as part of a strategy to secure more cardholders in Japan, according to the credit card unit of Mitsubishi UFJ Financial Group.
“Now we have … Read the rest
Bank of China and China UnionPay on Oct. 12 jointly launched a dual-currency debit card in the Philippines through the bank’s operation in Manila, the first time a Chinese bank has issued such a card abroad.… Read the rest
Russian banks have issued 70 million Visa credit and debit cards over the past decade, the card company reported this week as it celebrated its 10th anniversary in Russia.
“On a per capita basis, that means there is one Visa … Read the rest
By more than doubling its card-issuance total this year, Sberbank Ltd. has became one of Russia’s top five credit card issuers by number of cards issued, a spokesperson for the bank tells PaymentsSource.… Read the rest
South Koreans’ credit card spending overseas reached a new high in this year’s second quarter, the Bank of Korea reports.… Read the rest
State Bank of India Ltd. plans to deploy 50 solar-powered ATMs in the state of West Bengal in India to promote the use of alternative energy sources, an official from the Mumbai-based bank tells PaymentsSource.… Read the rest
India’s Kotak Mahindra Bank Ltd. announced on Aug. 30 the launch of a credit card designed for the Non-Resident Indian segment, which includes Indian citizens who have migrated to another country, are of Indian origin but born outside India, or … Read the rest