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OCBC Singapore Users Faced Temporary Online Banking Disruption

Fintech News

Singapore’s OCBC Bank experienced technical difficulties on 1 September (Sunday) that temporarily disrupted its internet and mobile banking services. The bank assured that customer funds were not affected during the service disruption, and no customer data was compromised.

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Korean banks let consumers make ATM cash withdrawals and deposits with their smartphones using QR codes

NFCW

The service launched by the Bank of Korea is being made available by 17 banks including Shinhan Bank , KB Kookmin Bank , Hana Bank , Woori Bank and NH Nonghyup Bank , enabling users to deposit or withdraw cash at their ATMs from a bank account linked to a virtual card stored in the country’s mobile cash card app.

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Visa Launches Tools To Help Partners Create Digital Card Services

PYMNTS

These capabilities will be available for issuing partners to provide to their cardholders through their online and mobile banking channels. Visa is also developing a new Visa Card-on-File Data API that will provide issuers with details around merchants where a consumer has stored their card on file.

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How Mobile Card Services Turn Location Into Loyalty

PYMNTS

For financial institutions (FIs) and merchants, the opportunity is there to harness technology and mobile card services to drive sales up, drive fraud down and cement long-lasting relationships with consumers. Increased adoption could be spurred by a proactive mindset on the part of FIs, he said.

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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

CHINA #1 China Merchants Bank China Merchants Bank Co., was established on March 31, 1987 and based in Shenzhen, China, specialising in delivering corporate and personal banking services. It concentrates on individual and corporate clients, credit card services, and small and medium enterprises.

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Open Banking in Oman

Open Bank Project Blog

The concept of open banking became more tangible and essential in the Sultanate as the sector faced the consequences of the coronavirus pandemic: a growing demand for mobile banking apps, contactless credit card services, and e-commerce.

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A List of Digital Banks in Asia

Fintech News

Sony Bank operates as a direct digital bank and has no physical branches or ATMs, offering various services such as yen and foreign currency deposits, loans, investment trusts, foreign exchange and card services. Receiving its banking license in November 2015, it had over 250,000 customers by April 2017.