Retail Banking News Updates, December 19th 2012

StanChart launches Islamic version of Straight2Bank
Standard Chartered Bank has launched an Islamic version of its online banking platform, Straight2Bank. The enhanced platform expands client access to the Bank’s Islamic products by providing its growing Islamic customer base a secure online portal that is compliant with Shariah laws.

Dah Sing and Visa launch Pay@Mobile
Dah Sing Bank and Visa launched Pay@Mobile, a credit card payment acceptance service via mobile phone. The service will turn a smartphone into a secure point-of-sale device via a plug-in accessory, will enable merchants to either swipe a credit card or use a chip reader to accept credit cards.

ENBD frontrunner to buy BNP Paribas Egypt retail arm
Egypt’s Emirates NBD has emerged as the frontrunner to buy BNP Paribas’ Egyptian retail business. The sale had also attracted interest from Morocco’s Attijariwafabank. The deal may likely raise $400-500 million for the French lender.

Re-disseminated by The Asian Banker