January 22, 2021
Over 3.5 Million Already Issued in Southeast Asia Last Year
HANOI, Vietnam, Jan. 22, 2021 /PRNewswire/ UnionPay International (UPI) announced today its cooperation with the Military Commercial Joint Stock Bank (Military Bank) in Vietnam to issue 600,000 virtual cards supporting online and QR Code payment, marking the first massive rollout of UnionPay virtual cards in the country. Mobile payment service has become a major driving force behind UnionPay s business localization in global markets. More than six million UnionPay virtual cards were issued outside Mainland China last year, with over half issued in Southeast Asia.
At present, UnionPay mobile payment service has been implemented in all of the 10 ASEAN countries at over 500,000 merchants in various sectors, e.g. retail, F&B, public transport, etc. Building on the acceptance, UnionPay has been proactively serving the local residents by partnering with payment industry players in the region. 18 e-wallets c
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MTL keeps CLMV push up as Thais age
published : 10 Dec 2020 at 04:00
Muang Thai Life Assurance (MTL) is continuing its aggressive move into the Cambodia, Laos, Myanmar, Vietnam and Thailand (CLMVT) region to acquire a larger market with a more balanced demographic profile, as Thailand becomes a full-fledged ageing society in 2021, said Sara Lamsam, MTL s president.
MTL has operations in four countries through four joint venture companies, namely ST-Muang Thai Insurance in Laos, MB Ageas Life in Vietnam, Sovannaphum Life Assurance and Dara Insurance in Cambodia and one representative office in Myanmar.
Dara Insurance, a non-life joint venture company with Sovannaphum Life Assurance, is the latest move after MTL entered Cambodia four years ago through a joint-venture with Canadia Bank, the local second largest life insurance company, to set up Sovannaphum Life Assurance.