UOB Malaysia Wants To Double Card Numbers In Five Years

June 13, 2008, 1:00 a.m. EDT 1 Min Read

United Overseas Bank Malaysia would double its debit and credit card base to 1.2 million under a projection bank officials released this week. The bank, a subsidiary of Singapore-based United Overseas Bank, plans to offer new card products and expand its payment networks in Malaysia to achieve that goal, according to a statement from the bank. The bank this week began issuing MasterCard- and Visa-branded platinum cards. The Singapore-based bank has issued more than 2.5 million credit cards in Asian countries.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Monetary policy

Fed's Cook calls recent inflation numbers 'disappointing'

Federal Reserve Gov. Lisa Cook said in a speech Wednesday night that the central bank's credibility depends on its ability to bring inflation back to its 2% target.

By Maria Volkova

1h ago
M&A

Deal gives Santander 'final step change' needed for U.S. growth

The Spanish banking giant is accelerating its U.S. growth plans with the pending acquisition of Webster Financial in Connecticut. The combined entity will be the second-largest foreign-owned bank operating in the country.

By Allissa Kline

3h ago
SBA

SBA re-tightens its eligibility rules, hitting noncitizens

The latest directive, which takes effect in March, allows only U.S. citizens and nationals to seek government-guaranteed financing. It's drawing criticism from Democrats in Congress, small-business advocates and some lenders.

By John Reosti

3h ago
Fraud

Insider threat cited in $22M Iowa bank fraud case

Prosecutors allege Curtis Weston and a bank insider used fraudulent loans to fund stock market trades, leaving the bank with $20 million in losses.

By Carter Pape

4h ago
Agentic Commerce

Klarna joins Google's AI protocol; Payoneer expands footprint

The search giant has added Klarna to its growing list of companies that are supporting standards for agentic commerce. Also, Payoneer has added Indonesia and Mexico to its collections network and more in American Banker's global payments and fintech roundup.

By John Adams

4h ago
Block

Block doubles down on European ambitions

The payment company opened a new office in Dublin to battle rivals like Adyen, Stripe and PayPal.

By John Adams

6h ago