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In September 2001, UOB acquired Overseas Union Bank, then Singapore's fourth largest local bank, in a deal worth S$10 billion. [15] [16] United Overseas Bank History Plaque. In 2002, UOB started expanding into the Chinese market by opening a new full-service branch office in Shanghai and upgrading of its Beijing office to a full-service branch ...
UnionPay decal on the door of a dining hall in Chiba, Japan. With the approval of the People's Bank of China (PBOC), China UnionPay was launched on 26 March 2002, in Shanghai by PBOC governor Dai Xianglong, The Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China and the China Construction Bank served as its first members. [6]
The 280 m (920 ft) tall Tower One and the 38-storey Tower Two house offices, while the podium contains retail space. Initially conceived in the late 1970s as Overseas Union Bank Centre, the headquarters of Overseas Union Bank (OUB), work on the building began in 1981, while construction of the superstructure subsequently commenced in October 1984.
Bank CTBC Indonesia: 14 August 1996 CTBC Financial Holding: Bank Danamon: 16 July 1956 MUFG [4] Bank DBS Indonesia: 30 June 1989 [5] DBS Bank: Bank Ganesha: 15 May 1990 [5] Equity Development Investment Bank Hana Indonesia: 27 April 1971 Hana Financial Group: Bank HSBC Indonesia: 15 May 1989 HSBC: Bank Ina Perdana: 9 February 1990 Salim Group ...
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
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.
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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 ]