United Overseas Bank
SIN:U11 ISIN:SG1M31001969
The United Overseas Bank (UOB) is focused on enhancing its leadership in the consumer market. To date, UOB is the largest card-issuing bank with a market share of more than 30%. UOB has the largest base of merchants in Singapore, both for consumer and commercial credit card acceptance. UOB is also both the largest Purchasing Card issuer and acquirer in Singapore. Besides the generic JCB, MasterCard and VISA Credit Cards, UOB also has in its stable more than 20 co-brand cards for consumers. Its affinity cards cover the retail sector, service providers and even non-profit organisations. Under the UOB Rewards Unlimited Programme, UOB Credit Cardmembers enjoy a wide range of exclusive rewards. Besides shopping and dining for free, the programme also allows members redeem free flights to destinations of their choice.
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US markets closed flat overnight after a report of private-sector job losses and Federal Reserve minutes showing concern about weakness in the labour market. Asian stocks ended mostly higher Wednesday as investors were still in an upbeat mood, but China's Shanghai Composite index was 0.9 per cent lower due to worries over inflation and a possible fund raising by Bank of China.
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