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“Though buying multiple flats in one contract accounts for a small proportion of residential apartment transactions, there’s a noticeable increasing trend.”
Hong Kong’s chief executive Leung Chun-ying, on new property rules to stop investors buying multiple units to qualify for lower tax rates.
StanChart launches video banking
Standard Chartered Bank became the first international bank to launch video and chat banking to its UAE customers this week. Clients can connect via a secure video connection – or through chat or audio channels if they prefer – to change an address or ask questions about products.
ADCB launches credit card with travel perks
Abu Dhabi Commercial Bank (ADCB) has launched the Traveller Credit Card, which offers rewards to UAE jet-setters such as a 20 per cent discount on flight tickets booked on Cleartrip.ae and 20 per cent off on hotel bookings via Hotels.com. The card also offers a 0 per cent bank processing charge on overseas purchases and a complimentary two-night stay when signing up and up to a six-night stay on each annual renewal. Other perks include free travel insurance and unlimited airport lounge access internationally.
Swift tightens security
Interbank messaging service Swift, which is used to transfer trillions of dollars between banks every day, will launch a new tool to spot fraudulent messages, seeking to restore trust in the system after millions of dollars were stolen in cyber raids. Belgium-based Swift said on Wednesday that it will offer clients a service that will be able to learn a user bank’s messaging patterns so that it can spot if a payment is being made to an unusual counterparty or for an unusual amount.
20 million
Visa announced that more than 20 million global customers have now enrolled for its Visa Checkout accounts. The service allows consumers to pay in just a few clicks on any device around the web with some of the world’s leading merchants. Visa Checkout will expand to new markets in 2017.
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