credit cards

SINGAPORE (Dec 2): “Hidden defection”, they call it. This is the term Bain & Company uses to describe the act of purchasing a new banking product from a competing bank or financial technology (fintech) firm.

JAKARTA (May 29): Indonesia's plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling government efforts to track illicit money flows.