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Riding the digital payment wave

THINK of Mastercard, and images of plastic credit cards emblazoned with the global payments company's famous overlapping red and yellow circles come to mind. These days, however, it is becoming more common to see someone using digital wallets, mobile phones or cloud-based systems to settle their everyday goods and services transactions. As more consumers around the world embrace e-payment modes, Mastercard is busy thinking of new and different...


With O&M exposure contained, OCBC Q4 profit beats forecasts to rise 31%

MORE funds may be circling the offshore and marine (O&M) sector to hunt for some upside, but there is pause among some industry players in engaging these investors in the restructuring process of the sector. OCBC Bank chief executive officer Samuel Tsien told reporters at the bank's results briefing that there have been signs of new capital coming from financial investors. But he cautioned that the O&M industry is one that requires expertise...


Great Eastern eyes growth markets; Q4 profit more than doubles

INSURER Great Eastern, which reported a more than doubling in net profit in the fourth quarter, is looking to expand in Indonesia and expects to be among the top 10 insurers in the next five years in that country. "I think top 10 would be a good aspiration for us," said its group chief executive officer Khor Hock Seng during a results briefing on Tuesday. The expansion will likely come through the bancassurance channels offered...


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