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The Tel-Aviv Stock Exchange Reports the Results of the Financial Statements for the Second Quarter and the First Half of 2024

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TASE records adjusted profit of close to NIS 26 million in the second quarter, compared to NIS 20 million last year 

Revenue in the second quarter of 2024 totals NIS 105.1 million, a 13% increase compared to NIS 92.9 million in the corresponding quarter last yearAdjusted EBITDA in the second quarter of 2024 totaled NIS 45.8 million, compared to NIS 35.6 million in the corresponding quarter last year, an increase of 29%Adjusted net profit in the second quarter of 2024 totaled NIS 25.7 million, compared to NIS 20.4 million in the corresponding quarter last year, an increase of 26%

Ittai Ben Zeev, TASE CEO, said today: “TASE continues to show resilience and support the Israeli economy against the backdrop of the ongoing war. We continue to push forward with technological innovation, implementing advanced infrastructure and promoting collaborations in order to upgrade the market, remove barriers and enhance its global accessibility. Now more than ever we are resolved to continue developing the capital market, as part of our unwavering commitment to the Israeli economy, which is pivotal to our national strength.

As part of these efforts, we recently published, in cooperation with the Israel Securities Authority and the Bank of Israel, a call for public comments on the proposal to align the TASE trading week with the global standard; a strong positive response was received in favor of changing to a Monday-through-Friday trading week. We are confident that this strategic move that will make TASE more readily accessible for global investors and increase their involvement in the Israeli capital market, benefiting the Israeli economy in general and the local companies in particular. We are currently examining all the public comments received in order to reach the most fitting solution, both for international investors and for the Israeli capital market.”

TEL AVIV, Israel, Aug. 7, 2024 /PRNewswire/ — The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today announced its financial results for the second quarter ended June 30, 2024.

Trading volumes rose significantly in the first half of the year with growth in indices and solid issuance activity

In the first half of 2024, in the midst of the war, the TA-125 index increased by 3.5%, compared to the 3.8% for the Dow Jones index and compared 14.5% for the S&P 500 index. Equity price rises characterized most sectoral indices, with the TA-Retail index leading the list with a 13% increase, followed by the high-tech companies’ indices – TA-Technology and TA-Global Bluetech, with a 10% and 9% increase, respectively, compared to the concurrent 17% increase in the NASDAQ 100 index. The market cap of the equity market at the end of the first half of the year reached NIS 1,087 billion, a 3% increase over 2023.

Trading volumes in the main trading channels increased significantly in the first half of the year compared to 2023.

In the equity market, trading volumes were 8% higher than the average daily trading volume for all of 2023, and averaged NIS 2.1 billion a day.

The average daily trading volume of bonds reached NIS 4.5 billion in the first half of the year, 15% higher than the average daily trading volume in the year 2023. This increase was driven mainly by the increase in the trading volume of the government shekel bonds, which totaled NIS 2.3 billion, compared to an average of NIS 1.9 billion in the previous year. CPI-linked government bonds also showed stronger trading volumes, at an average daily volume of NIS 1 billion, 1% greater than the average daily trading volume in the full year 2023. The trading volume of corporate bonds averaged NIS 1.1 billion, 12% greater than the average daily trading volume in the previous year.

T-bills also recorded substantial trading volumes in the first half of the year, at a daily average of NIS 1.7 billion, 19% higher than the average daily trading volume in 2023.

Creations and redemptions of mutual funds reached an average daily volume of NIS 1.8 billion, 28% greater than the average daily volume in the year 2023. The market cap of the mutual funds at the end of the first half of the year reached NIS 375 billion, 14% greater than the market cap at the end of 2023, this as a result of acquisitions of mutual funds and the appreciation of the mutual funds’ assets on TASE.

In the first half of the year, 3 companies completed an IPO on TASE, compared to only one company in 2023.

Against the backdrop of the ongoing war and the growing deficit, the Ministry of Finance continued to raise debt in the second quarter of the year. The total amount of debt raised by the Ministry of Finance in bond offerings in the first half of the year totaled NIS 124.4 billion, compared to NIS 76.7 billion in the second half of 2023. NIS 95.7 billion of said amount was raised on TASE.

Continued implementation of the strategic plan – alignment with global standards and diversification of investment products

TASE continues to implement the strategic plan, with significant emphasis on the enhancement of global activity, the alignment of standards and the removal of trading barriers in the interfaces with the international markets.

Further to a call for public comments, published by TASE in collaboration with the Israel Securities Authority and the Bank of Israel, regarding the proposed transition to trading on Fridays as well, in line with the global standard, TASE announces that the proposed move received a very positive response from local and international investors, with a majority supporting a transition to a Monday through Friday trading week. TASE is currently considering options for the implementation of this alignment that would optimally benefit the local capital market and the international investors.

TASE continues to work in cooperation with the various authorities and regulators. Thus, for example, in mid-July, the Ministerial Legislation Committee approved the Securitization Law, which will facilitate, for the first time in Israel, the execution of securitization transactions, in alignment with global practices. Once the legislation is passed by the Knesset, TASE hopes to implement it and open the market already in 2025. In addition, the Israel Securities Authority has recently approved the launch of new money market funds with fixed dates, offering the public access to predetermined yield, this alongside the existing money market funds, allowing for greater product diversity for the benefit of the public.   

TASE continues to actively encourage new brokers to enter the Israeli capital market – since the end of May, Altshuler Shaham Trade is active as a member on TASE and TASE Clearing House, bringing the number of TASE members up to 25, compared to 24 at the end of 2023.

In addition, TASE continues to expand and diversify the range of products and to invest, among others, in new exclusive indices, this as part of its strategy of developing and upgrading the market, especially with the public in mind. In June, for the first time, TASE launched new indices with Kesem, Israel’s largest fund company. In mid-July, TASE announced the launch of 7 additional equity and bond indices, some of which are designated for further collaborations between TASE and the various product issuers.

In the derivatives market, at the beginning of June, TASE reduced the multipliers of options on the TA-35 index, the TA-Banks5 index and the TA-125 index, as well as those of the foreign exchange derivatives traded on TASE. Part of the sources that will derive from the reduction of the underlying assets’ multipliers will be allocated to the development of the market and the enhancement of liquidity in the derivatives’ market by way of a volume rebate program.

Highlights of the results for the second quarter and the first half of 2024:

Revenue in the second quarter of 2024 totaled NIS 105.1 million, compared to revenue of NIS 92.9 million in the corresponding quarter last year, an increase of 13%. The increase in revenue is due mainly to an increase in revenue from data distribution and connectivity services, as a result of the increased volume of activity and the impact of the updated index-usage fees. The most significant revenue item – trading and clearing commissions – totaled NIS 38.8 million in the second quarter of the year, compared to NIS 35.5 million in the corresponding quarter last year. 15% of the increase in revenue from trading and clearing commissions is due to an increase in the trading volumes and in the volume of creations/redemptions of mutual fund units. In opposition, a reduction in the effective commission rate in revenue from mutual funds and T-bills reduced the aforesaid increase in revenue by 4%, and there being one less trading day in the current quarter reduced revenue by an additional 2%.

Costs in the second quarter of 2024 totaled NIS 74.8 million, compared to costs of NIS 72.6 million in the corresponding quarter last year, a 3% increase. The higher costs are due mainly to the increase in payroll expenses and technological investments and in computer and communication expenses.

Net financing income in the second quarter of 2024 totaled NIS 2 million, compared to net financing income of NIS 3.6 million in the corresponding quarter last year, a 45% decrease. Financing income in the quarter increased due to interest income on the deposits. At the same time, financing expenses also increased as a result of a bank loan obtained at the end of 2023, resulting in reduced net financing income.

Tax expenses, net in the second quarter of 2024 totaled NIS 8 million, compared to NIS 5.2 million in the corresponding quarter last year. The increase in the tax expense stemmed from the higher pre-tax profit. The increase in the effective tax rate is due to losses on securities in previous years for which deferred taxes were not created.

The profit in the second quarter of 2024 totaled NIS 24.3 million, compared to NIS 18.8 million in the corresponding quarter last year, an increase of 29%. The increase in profit was due mainly to the increase in revenue, less the increase in costs and in tax expenses, as described above.

The adjusted EBITDA in the second quarter of 2024 totaled NIS 45.8 million, compared to NIS 35.6 million in the corresponding quarter last year, an increase of 29%. Most of the increase is due to the NIS 10 million increase in profit before financing. 

The adjusted profit in the second quarter of 2024 totaled NIS 25.7 million, compared to NIS 20.4 million in the corresponding quarter last year, an increase of 26%. Most of the increase is due to an increase in revenue from services, less the increase in costs and in tax expenses.

Highlights of the results for the first half of 2024:

Revenue in the first half of 2024 totaled NIS 213.4 million, compared to revenue of NIS 192.9 million in the corresponding period last year, an 11% increase. The increase in revenue is due mainly to an increase in revenue from data distribution and connectivity services, as a result of the increased volume of activity and the impact of the updated index-usage fees.

Costs in the first half of 2024 totaled NIS 150.1 million, compared to costs of NIS 142.6 million in the corresponding period last year, a 5% increase. The higher costs are due mainly to the increase in payroll expenses and technological investments and in computer and communication expenses.

Net financing income in the first half of 2024 totaled NIS 3.4 million, compared to net financing income of NIS 6.1 million in the corresponding period last year, a 44% decrease. Financing income in the period increased due to interest income on the deposits. At the same time, financing expenses also increased as a result of a bank loan obtained at the end of 2023, resulting in reduced net financing income.

Net tax expense in the first half of 2024 totaled NIS 16.7 million, compared to NIS 12.2 million in the corresponding period last year, a 37% increase. The increase in the tax expense stemmed from the higher pre-tax profit. The increase in the effective tax rate is due to losses on securities in previous years for which deferred taxes were not created.

The profit in the first half of 2024 totaled NIS 50 million, compared to NIS 44.3 million in the corresponding period last year, a 13% increase. Most of the increase in profit was due to the increase in revenue, less the increase in costs and in tax expenses, as described above.

The adjusted EBITDA in the first half of 2024 totaled NIS 94.4 million, compared to NIS 79.1 million in the corresponding period last year, a 19% increase. The increase is due to an increase of NIS 12.9 million in profit before financing, eliminating share-based payment expenses and depreciation expenses in an amount of NIS 2.4 million.

The adjusted profit in the first half of 2024 totaled NIS 53.5 million, compared to NIS 46.5 million in the corresponding period last year, a 15% increase. Most of the increase is due to an increase in revenue from services, less the increase in costs and in tax expenses and the adjustment of the increase in costs with respect to share-based payments.

Click here for the link to the full financial statements for the second quarter of 2024>

Click here for the link to the financial presentation of the second quarter of 2024>

This notification does not supersede that stated in the periodic financial statements of the Company, which contain the full and accurate information.

Seasonality

The revenue of the Company from trading and clearing is affected, inter alia, by the number of trading and clearing days. In the second quarter of 2024, there were 57 trading days, compared to 58 days in the corresponding quarter last year, a 1.7% decrease. In the first six months of 2024 there were 120 trading days, compared to 122 days in the corresponding period last year, a 1.6% decrease. Presented below is information on the quarterly breakdown of trading days:

 

Year

First
quarter

Second
quarter

Third
quarter

Fourth
quarter

Total

2023

64

58

61

66

249

2024

63

57

65

58

234

 

Contact:
Orna Goren
Head of Communication and Public Relations Unit
Tel: +972 76 8160405
tase.ir@tase.co.il

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SOURCE The Tel Aviv Stock Exchange Ltd.

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Air Products to Expand Integrated Gas Supply Network for Semiconductor Manufacturer in Taiwan

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50 minutes ago

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July 22, 2026

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New investment to support next-generation facility expansion

TAIPEI, July 22, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company, today announced Air Products San Fu has been awarded a long-term agreement to support a semiconductor manufacturer’s expansion in Taiwan. The project will supply multiple new semiconductor fabs and back-end packaging facilities, supporting growing demand driven by artificial intelligence and high-performance computing.

Air Products San Fu will build, own, and operate four large state-of-the-art air separation units and bulk gas supply systems with new underground pipeline systems. The company will supply a range of industrial gases, including nitrogen, oxygen, argon, and helium to support the customer’s semiconductor operations.

The new underground pipeline systems will be connected to Air Products’ existing pipeline network in Taiwan, further enhancing supply reliability, operational efficiency, and resilience.  

“Air Products is honored to be selected by our strategic customer to support their continued growth, building on our proven track record and strong long-term partnership,” said Paul Yang, President, Air Products San Fu. “This project further reinforces our role as a trusted supplier in Taiwan and reflects our long-term commitment to grow with our customers. It also underscores our world-class performance in safety, reliability and operational excellence, which are critical to meeting the increasingly demanding requirements of the electronics industry.”

Air Products has been serving the Taiwan market through Air Products San Fu for more than 70 years and has established leading supply positions across key science parks with extensive pipeline networks. The company operates one of the world’s largest ultra-high purity nitrogen pipeline systems in Southern Taiwan and is the first gas company in Taiwan awarded ISO9002 and ISO14000 certifications. 

This latest project further strengthens Air Products’ integrated supply footprint across both front-end semiconductor manufacturing and back-end advanced packaging, reinforcing its position as a key supplier to the electronics industry in Taiwan.

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global hydrogen supplier, Air Products develops, engineers, builds, owns and operates some of the world’s largest hydrogen projects. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/air-products-to-expand-integrated-gas-supply-network-for-semiconductor-manufacturer-in-taiwan-302831489.html

SOURCE Air Products and Chemicals, Inc.

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Air Products to Expand Integrated Gas Supply Network for Semiconductor Manufacturer in Taiwan

Published

50 minutes ago

on

July 22, 2026

By

New investment to support next-generation facility expansion

TAIPEI, July 22, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company, today announced Air Products San Fu has been awarded a long-term agreement to support a semiconductor manufacturer’s expansion in Taiwan. The project will supply multiple new semiconductor fabs and back-end packaging facilities, supporting growing demand driven by artificial intelligence and high-performance computing.

Air Products San Fu will build, own, and operate four large state-of-the-art air separation units and bulk gas supply systems with new underground pipeline systems. The company will supply a range of industrial gases, including nitrogen, oxygen, argon, and helium to support the customer’s semiconductor operations.

The new underground pipeline systems will be connected to Air Products’ existing pipeline network in Taiwan, further enhancing supply reliability, operational efficiency, and resilience.  

“Air Products is honored to be selected by our strategic customer to support their continued growth, building on our proven track record and strong long-term partnership,” said Paul Yang, President, Air Products San Fu. “This project further reinforces our role as a trusted supplier in Taiwan and reflects our long-term commitment to grow with our customers. It also underscores our world-class performance in safety, reliability and operational excellence, which are critical to meeting the increasingly demanding requirements of the electronics industry.”

Air Products has been serving the Taiwan market through Air Products San Fu for more than 70 years and has established leading supply positions across key science parks with extensive pipeline networks. The company operates one of the world’s largest ultra-high purity nitrogen pipeline systems in Southern Taiwan and is the first gas company in Taiwan awarded ISO9002 and ISO14000 certifications. 

This latest project further strengthens Air Products’ integrated supply footprint across both front-end semiconductor manufacturing and back-end advanced packaging, reinforcing its position as a key supplier to the electronics industry in Taiwan.

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global hydrogen supplier, Air Products develops, engineers, builds, owns and operates some of the world’s largest hydrogen projects. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/air-products-to-expand-integrated-gas-supply-network-for-semiconductor-manufacturer-in-taiwan-302831489.html

SOURCE Air Products and Chemicals, Inc.

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UOB partners Visa to launch new Visa Infinite tiers across ASEAN in landmark multi-market launch of such scale

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July 22, 2026

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More than 300,000 cardholders will enjoy expanded suite of premium benefits as UOB strengthens its regional leadership in premium payment solutions.

SINGAPORE, July 22, 2026 /PRNewswire/ — UOB has partnered with Visa, a global leader in digital payments, to relaunch several card products across its five key markets (Singapore, Malaysia, Thailand, Indonesia and Vietnam) under Visa’s newly introduced premium card tiers, Visa Infinite Privilege and Visa Infinite Private.

UOB is progressively upgrading its suite of affluent and high-net-worth (HNW) card solutions to the new Visa Infinite tiers, reinforcing the Bank’s leadership in premium card innovation. With the relaunch, more than 300,000 UOB Visa Infinite cardholders across ASEAN will be upgraded to higher card tiers, giving them access to an expanded suite of premium benefits. All other cardholders will continue to enjoy their existing privileges, with no downgrades across the portfolio. Eligible UOB Visa Infinite cardholders will be notified of their new card tiers via UOB’s official channels from September onwards, with no action required from them.

UOB is currently Visa’s largest card issuer in ASEAN[1] and brings an unparalleled regional footprint and customer base, serving over 8.5 million customers across the region. As the first Visa issuer across ASEAN to execute a launch of this scale across multiple markets, UOB and Visa are setting a new benchmark for regional card offerings, delivering elevated privileges and experiences to affluent cardmembers in the region. This collaboration is timely as affluent spending in ASEAN experiences strong growth. The number of new UOB affluent cardholders[2] grew over 10 per cent year-on-year in 2025, while card billings for this segment surged more than 25 per cent in the same year.

Visa unveiled its refreshed Visa Infinite offering in Asia Pacific on 16 July 2026, reimagined for the evolving needs of today’s affluent consumers. Anchored in a three-tier card suite, the enhanced platform introduces greater flexibility, personalisation and differentiated benefits across the affluent spectrum. In addition to Visa Infinite, the portfolio now includes the newly launched Visa Infinite Privilege and Visa Infinite Private, enabling issuers to deliver more tailored value propositions, experiences and rewards to distinct customer segments within a unified premium framework.

Selected top-tier UOB cardholders across the region will enjoy access to enhanced platform privileges and UOB-exclusive curated experiences, tailored to their respective Visa Infinite tiers. This aligns with UOB’s sharpened customer segmentation approach and enhanced card value propositions, aimed at serving the unique needs of customers by offering exclusive privileges tailored to their lifestyle preferences.

Mr Pratik Bhattacharjee, Head of Group Cards and Payment Products, UOB, said, “As UOB continues to sharpen our customer-centric operating model, we are focused on serving our customers more holistically across the wealth spectrum. Our partnership with Visa marks a significant milestone in this journey, allowing us to deepen our engagement with affluent customers by curating exclusive experiences that money cannot buy. As we continue strengthening our offerings to cater to each customer’s aspirations and lifestyle, our goal is to connect with them through life moments and opportunities that truly matter.”

Mr. T.R. Ramachandran, Head of Products & Solutions for Asia Pacific, Visa, said, “The affluent segment is one of the fastest-growing consumer segments in Asia Pacific, with expectations evolving alongside it. Today’s affluent consumers are seeking experiences that are more personalised, seamless and relevant to their lifestyles. The refreshed Visa Infinite portfolio is designed to meet these changing expectations, and through our partnership with UOB, we are extending these enhanced experiences to affluent customers across Southeast Asia.”

Greater personalisation through tiered privileges

With Visa’s enhanced Infinite tier segmentation, selected cardholders will benefit from more tailored services, differentiated privileges and elevated experiences that reflect their evolving lifestyle needs. This includes access to curated regional and global lifestyle offers as well as premium destination-based travel and dining privileges worldwide as part of the base membership. In addition, selected cardholders will get exclusive access to top-tier concerts and global sporting events like FIFA World Cup™, and reserved entitlements to key lifestyle offerings under Visa Infinite Privilege. At the highest tier, Visa Infinite Private offers bespoke invitation-only experiences highly personalised for ultra-high-net-worth individuals.

Leveraging its deep understanding of affluent customers across the region, UOB will complement Visa’s refreshed benefits with exclusive privileges, curated experiences and value-added offerings tailored to the unique preferences of its cardmembers. For example, selected cardholders will be able to enjoy specially-customised luxury travel experiences and privileged access to curated series of rare timepieces.

Paired with the Bank’s unparalleled regional connectivity, advisory excellence and One Bank ecosystem, this partnership with Visa aligns with UOB’s aim to bring together banking, wealth and lifestyle holistically to all customers. This also furthers the Bank’s ambition to become the Bank of Choice for aspiring customers across ASEAN.

-END-

About UOB

UOB is a leading Asian bank with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of more than 470 branches and offices in 19 markets. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For more than nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at www.visa.com.sg 

[1] Largest card issuer by total billings

[2] Includes UOB Reserve Card, UOB Zenith Card and UOB Visa Infinite cards

 

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SOURCE UOB

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