MasterCard and British Airways launch prepaid travel card
Wed, Jun 26, 2013: Access Prepaid Worldwide, a subsidiary of MasterCard on Monday launched a new Executive Club Multi-currency Cash Passport which allows British Airways Executive Club members to earn more Avios points, receiving one Avios point for every £1 loaded (or reloaded) onto the card. This chip and PIN enabled travel card will hold up to seven currencies: EUR, GBP, USD, AUD, CAD, NZD and ZAR. During spending on travel, the...
eHOW owner acquires Societ6.com to enter e-commerce
Wed, Jun 26, 2013: Society6.com, an e-commerce platform helping artists to sell their artwork such as art prints, iPhone cases and t-shirts, had been acquired by Demand Media for US$94 million (RM299.3 million) in cash and stock, the Star reported. The acquisition over Society6 marks Demand’s first real foray into e-commerce. Demand also owns content websites such as eHow, Livestrong and...
Friendster launches and hosts Starforce Delta FX in Southeast Asia
Wed, Jun 26, 2013: Friendster, a social gaming site owned by MOL Global and Austria’s independent game developer Pro Games have launched sci-fi game Starforce Delta FX for Southeast Asia market. Under the partnership, Starforce Delta FX will be part of Friendster Exclusive (FX) series, allowing Friendster users can enjoy premium offerings like unique in-game items for the game. Pro Games believes partnership with Friendster able to...
Celcom to focus more on digital services over the next five years
Wed, Jun 26, 2013: Malaysia’s telco Celcom will focus more on digital services including mobile content on The Cube, digital payment like Air Cash mobile remittance, digital advertising and digital shopping as well as machine-to-machine (M2M) businesses if compared with voice and SMS services over the next five years, Bernama reported.
Bank Islam launches mobile point-of-sale for Siti Khadijah Market
Wed, Jun 26, 2013: Bank Islam Malaysia Bhd recently has launched its first low-cost mobile point-of-sales (mPOS) at Siti Khadijah Market, Kelantan and made the market becomes the first traditional wet market to embark with payment terminal, the Sun Daily reported. With mPOS, Kelantan people can shop in the wet market without carrying cash. To promote cashless transactions, Bank Islam will issue more Visa debit cards for customers in...
China’s Tencent invests in US e-commerce site Fab.com
Wed, Jun 26, 2013: Fab.com has received a new round of funding worth US$150 million (RM483.18 million) from Tencent Holdings, Itochu Corporation, Atomico and Aridreessen Horowitz to help its expansion in Asia especially Chinese market, the Inside Retail Asia reported. Fab.com is a US-based e-commerce platform that allows users to discover design products at great prices. According to online sources, Fab.com currently has more than 10...
Pinwheels.my, a brand new online store for babies and children offers 26% storewide discount
Tue, Jun 25, 2013: La Flaire Sdn Bhd launched its online store, Pinwheels.my to offer babies and children’s clothing, gifts, toys and accessories for customers in Malaysia and Singapore. In conjunction with its launch, Pinwheels.my offers storewide discount of 26 per cent from now until June 26, 2013 as well as provides free delivery with any purchase of RM150 and...
Payment frauds in Malaysia remains low and continues to decline
Tue, Jun 25, 2013: In the Financial Stability and Payment Systems Report 2012 published by Bank Negara Malaysia, payments fraud is reported remained negligible and continued its declining trend in the country, with frauds accounting for 0.0049 per cent of total retail transaction volume and 0.0015 per cent of total retail of transaction value. The report shows card fraud remained as the most common form of payment fraud among...
ICT opportunities for Malaysian IT companies in Myanmar
Tue, Jun 25, 2013: Malaysia External Trade Development Corporation (MATRADE) will organize a 4-day ICT mission to help local Malaysian companies to tap the opportunities of ICT in Myanmar. According to market researcher International Data Corporation, IT spending in Myanmar is expected to reach USD233.56 million (RM752.42 million) by 2016, representing a compound annual growth rate (CAGR) of 16 per cent over the forecast period...
Vietnam’ e-commerce websites need to register with VECITA, effective July 1
Tue, Jun 25, 2013: Vietnamese has issued a new Decree 52/2013/ND-CP on May 16, 2013 to replace Decree 57/2006/ND-CP which will take effect on July 1, 2013. Under the new decree, any websites that offer e-commerce services need to register with Vietnam E-Commerce and Information Technology Agency (VECITA), Tuoitrenews reported.
