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2019 Press Releases
Baiduri Bank CEO attends UPI SEASP Regional Council Meeting
15 December 2019

Bandar Seri Begawan, 15 December 2019 CEO of Baiduri Bank, Mr Ti Eng Hui recently attended the UnionPay International Southeast Asia and South Pacific (UPI SEASP) Regional Member Council held in Shanghai.

The UPI SEASP Regional Member Council this year is held jointly with the UPI Northeast Asia Regional Member Council. Besides Baiduri Bank, this joint meeting of Regional Councils was also attended by representatives from over 40 institutions from 19 markets including Japan, Korea, Philippines, Hong Kong, Macau, Taiwan, Singapore, Malaysia, Thailand, Nepal, Australia and New Zealand.  This is the third such meeting held under the Council’s second term (2017-2019) since it was set up in 2014. Baiduri Bank is the sole representative from Brunei invited to join the UPI SEASP Regional Council.

A collective card issuing agreement signing and business launching ceremony between UnionPay International and 8 mainstream institutions from 5 countries and regions in the Asia-Pacific region was also held during the Council Meeting. The partnerships cover the issuance of multiple physical card products, digital card and card product promotion, marking the newest progress in the localization of UnionPay business in Asia Pacific.

The Member Councils of UnionPay International is a significant platform for UPI to communicate with its members, and the Councils also form a platform for deeper collaboration in system building, technical standards, acceptance and issuance, mobile payments, supporting services and payments digitalization among stakeholders in the industry.

With each term in the UPI SEASP Regional Member Council covering a duration of 3 years, Mr Ti is currently serving his second term since his appointment in 2014.

Mr Ti has long been an advocate for the growth and development of major international card brands both in Brunei as well as in the region. Besides being a member of the UPI SEASP, Mr Ti is also actively involved in Payment Cards industry in the Asia Pacific region. He was a Member of Mastercard Asia Pacific Fraud Control Task Force and Committee of Asia Cards User group.

Mr Ti has long been an advocate for the growth and development of major international card brands both in Brunei as well as in the region. Besides being a member of the UPI SEASP, Mr Ti is also actively involved in Payment Cards industry in the Asia Pacific region. He was a Member of Mastercard Asia Pacific Fraud Control Task Force and Committee of Asia Cards User group.

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