Standard Chartered unveils instant e-credit card issuance and loan disbursement

Personal loans of up to $200,000 can be disbursed within minutes of application.

Standard Chartered Bank has rolled out instant digital credit card issuance capabilities for clients applying on its website, online banking platform and mobile app in what it claims is a first in Singapore.

By leveraging on digital data repository MyInfo, clients can save time in filling up application forms on the bank’s real-time onboarding platform.

Upon receiving approval, applicants can activate their digital credit card and log in to SC Online Banking and SC Mobile to retrieve their credit card details and start using their cards for payments and online purchases with merchants that use 3-Domain Secure (3DS) with One-Time Password (OTP).

Personal loans of up to $200,000 will also be disbursed within minutes of application.

The latest digital offering comes after Standard Chartered has seen 33% QoQ growth in new mobile active clients, witnessed twice the number of digital service requests, and seen the number of mobile wallet transactions balloon 80% from 2018. “With this shift towards an increasingly digital lifestyle, we believe that our instant digital credit card and loan disbursement capabilities will greatly enhance the overall client experience,” Natalia Goh, head of credit cards and personal loans, Standard Chartered Bank Singapore said in a statement.

Also Read

iFAST Corp net profit leaps nearly five times over in Q1

Fullerton Fund Mgmt, UNDP working on sustainable management framework

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit