Digital Payments Are Shaking Up Asia’s Credit Card Industry

Free rice cookers and suitcases were among the special deals that tempted Chiu Wing-suet into accumulating her 20 credit cards, many of which are crammed into her wallet. She’s unlikely to accept any more such offers.   http://www.bloomberg.com/news/articles/2016-08-18/idle-credit-cards-in-asians-wallets-prompt-citi-hsbc-overhaul

By | August 19th, 2016|Banking, Creative, Global perspective, Optimum Atlas|0 Comments

Only in China: Companies Become Banks to Solve Financial Difficulties

It would not be the first time China tries a circular financial arrangement to solve some structural issues. http://www.theepochtimes.com/n3/2130653-only-in-china-companies-become-banks-to-solve-financial-difficulties/?sidebar=morein

By | August 11th, 2016|Banking, Optimum Atlas|0 Comments