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NETS operates Singapore's national debit scheme enabling customers of DBS Bank, POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, CIMB and UOB to make payments using their physical/contactless ATM cards or mobile devices at more than 120,000 acceptance points in Singapore including major retailers, food courts, hawker centres, convenience stores and supermarkets.
The system is supported by all major Singaporean banks and is regulated by the Monetary Authority of Singapore (MAS) and works by transferring funds between two bank accounts. Payments can be made to any registered Singaporean mobile number , NRIC , corporate Unique Entity Number (UEN) or Virtual Payment Address (VPA). [ 1 ]
In December 2006, DBS Bank received approval from the China Banking Regulatory Commission (CBRC) to prepare for local incorporation in Mainland China. DBS is the only Singapore bank among nine foreign banks to receive this approval. In 2010, it also became the first Singapore bank to issue UnionPay debit cards in mainland China.
Bank name Country Total assets (US$ billion) 1 DBS Bank Singapore: 509.1 2 OCBC Bank Singapore: 402.2 3 United Overseas Bank Singapore: 340.7 4 Maybank Malaysia: 213.2 5 CIMB Malaysia: 149.3 6 Bangkok Bank Thailand: 130.7 7 Kasikornbank Thailand: 124.3 8 Bank Mandiri Indonesia: 121.1 9 Bank Rakyat Indonesia Indonesia: 117.7 10 Public Bank ...
On September 11, 2017, DBS Bank Ltd (DBS) successfully completed the acquisition of Australia and New Zealand Banking Group's retail and wealth business in Hong Kong. [7] On 2 February 2024, DBS Bank (Hong Kong) Limited announced the opening of its new DBS Treasures Centre at 18 Queen's Road Central. The new centre, spanning approximately ...
Retrieved from "https://en.wikipedia.org/w/index.php?title=DBS_Bank_(Hong_Kong)_Limited&oldid=43192341"
Digital banks in the Philippines are a new formal category of banks which were only approved by the Bangko Sentral ng Pilipinas (BSP), the country's central bank, in 2020. [1] The first such banks launched in the Philippines were Tonik, Overseas Filipino Bank, and UnionDigital of UnionBank of the Philippines .
Electronic Payment Services (simplified Chinese: 易办事; traditional Chinese: 易辦事; pinyin: Yì bànshì), commonly known as EPS, is an electronic payment system based in Hong Kong, Macau, and with limited acceptance in Shenzhen since it began operations in 1985.