News
Japan’s card payments market value to grow 10.8% in 2024
Credit and charge cards made up 96.5% of all card payment transactions.
Japan’s card payments market value to grow 10.8% in 2024
Credit and charge cards made up 96.5% of all card payment transactions.
UOB seeks to be ASEAN's top cross-border trade bank by 2026.
It aims to be the number 1 cross-border trade bank in ASEAN.
Mizuho Bank’s Tier 1 Capital Ratio at 14.26% in June
This is 0.66 percentage points (ppt) higher than in March 2024.
Hong Kong central bank launches gen AI sandbox
Banks are encouraged to make full use of the sandbox.
CBA to retain capital levels despite buyback, high dividend payout
Cash net profit after tax declined 2% in the latest financial year.
South Korea’s corporate loans rise in July; deposits decline
Tax payments and outflow of funds for various reasons led to the drop.
Japan Post Bank’s net income up 10.8% in Q1
Net income per share is JPY26.61.
SoKor household loans rise in July on more mortgages
Demand may also be higher due to the summer vacation season.
Korea, Turkey renew bilateral swap agreement
The extension is effective for a period of 3 years beginning August 2024.
NETS unveils terminal-less contactless payment solution
It accepts card payments and QR payments from local and overseas apps.
Taiwanese banks hold $310.53t in SME loans in June
SME loans made up 65.64% of all corporate loans in Taiwan.
PH central bank issues framework for digital payment system operators
Payment system operators are required to obtain a license from the BSP.
DBS pilots blockchain-backed treasury tokens for treasury, liquidity mgmt
The tokens enable collaborator Ant Int’l to reduce settlements into seconds.
8 in 10 Gen Zs keen on AI for enhanced banking, retail experience
About 43% of them have already used AI for shopping.
StanChart rolls out ESG-linked cash account in Hong Kong, SG
Clients are rewarded when they meet ESG-related targets.
GHL enables QR payments from ShopBack in Malaysia
The partnership is expected to benefit over 6 million shoppers in Malaysia
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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