27 May 2018
Visit www.fingerprints.com

UOB introduces digital card issuance and contactless ATMs

15 September 2016  |  6044 views  |  0 Singapore flag 1

In what it claims is a world first, Singapore's United Overseas Bank has unveiled an instant digital card issuance service, enabling customers to apply for, receive and use credit cards through the UOB app.

Available next month, the feature means that customers will be able to take advantage of promotions specific to many of the bank's credit cards on the spot, or obtain a new card if they have lost their old one.

Dennis Khoo, head, personal financial services, Singapore, UOB, says: "We’ve all been in a situation where we are at a supermarket or restaurant offering promotions for a credit card we don’t hold and wish we had that card right then. With instant digital card issuance, UOB cardmembers can apply for and receive a digital credit card in minutes and use it immediately to enjoy its benefits."

Meanwhile, UOB is also set to roll out Southeast Asia's first NFC ATMs, letting customers withdraw money with a tap of their handsets.

By the end of this month those with MasterCard credit and debit cards on Apple Pay will be able to make phone-based withdrawals at select machines. Android phone users will follow by January 2017. UOB aims to have 60 contactless ATMs by January with its entire fleet upgraded by the end of 2018.

Says Khoo: "We have seen monthly mobile contactless payments made on UOB cards grow by more than 20 times since the launch of UOB Mighty last November. This is why we are offering customers the option of using contactless technology to withdraw cash at ATMs."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UOB trains bankers on alternative financing options for startups

UOB trains bankers on alternative financing options for startups

17 August 2016  |  3937 views  |  0 comments | 2 tweets
Wells Fargo unveils Android wallet for NFC payments and ATM transactions

Wells Fargo unveils Android wallet for NFC payments and ATM transactions

24 May 2016  |  7539 views  |  0 comments | 7 tweets | 14 linkedin
Google turns Android Pay attention to in-app, ATM and web payments

Google turns Android Pay attention to in-app, ATM and web payments

19 May 2016  |  9310 views  |  0 comments | 17 tweets | 16 linkedin
UOB pours $10 million into crowdfunding platform

UOB pours $10 million into crowdfunding platform

03 March 2016  |  5754 views  |  0 comments | 6 tweets | 2 linkedin
CaixaBank invests EUR500m in contactless ATMs

CaixaBank invests EUR500m in contactless ATMs

27 August 2014  |  13247 views  |  0 comments | 21 tweets | 10 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.niceactimize.comvisit www.ebaday.com

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
28387 views comments | 3 tweets | 2 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
8930 views comments | 18 tweets | 26 linkedin
MUFG to roll out blockchain payment network next yearMUFG to roll out blockchain payment networ...
7609 views comments | 13 tweets | 13 linkedin
There are some things you just can't do with an appThere are some things you just can't do wi...
6866 views comments | 9 tweets | 15 linkedin

Featured job

(GBP Equivalent) Six-Figure Base + OTE + Benefits
New York City, NY - USA

Find your next job