Retail Banking News Updates, August 1st 2012

QNB and CUP sign agreement
Qatar National Bank (QNB) has signed an agreement with China Union Pay (CUP) to accept CUP cards on its Point Of Sales (POS). This new service enables holders of CUP cards visiting the country to use their cards easily in various POS and will be expanded to cover other channels like QNB's Internet payment gateway and its wide network of ATMs in Qatar.

RHB appoints director of retail banking
RHB Bank has apppointed Vince Au Yoong as director for retail banking. Prior to joining RHB Bank, Yoong worked in diverse markets including Malaysia, Bahrain/Qatar, the Philippines and Fiji, and held various leadership positions with Alliance Bank, Citibank, Commercial Bank of Qatar, MBF and UOB.

Hong Kong banks to provide Rmb services
Hong Kong Monetary Authority (HKMA) has allowed banks in Hong Kong to open renminbi accounts for non-Hong Kong residents and offer them a full range of renminbi services starting from August 1st 2012.

Re-disseminated by The Asian Banker