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Mastercard enables China visitors payment option through WeChat Pay
Inbound cross-border travel to China improved to around 50% of 2019 levels.
Mastercard enables China visitors payment option through WeChat Pay
Inbound cross-border travel to China improved to around 50% of 2019 levels.
Big banks, investors fund Endowus digital wealth leadership in Asia
It was able to raise $35m from global banks, existing investors, and four Asian billionaire families.
MAS pledges S$150m to aid the financial sector
The scheme aims to back projects and maximise the use of technologies.
Chart of the week: alternative payments used in 1 in 3 online shopping transactions
Singapore’s e-commerce market is forecast to grow by 15% this year.
Explore the transformative power of AI in Asian banking
Ahead of the Asian Banking and Finance Summit, XiXun Asia CEO and Founder Fridolin Blumer opens up on the role of AI in transforming the industry.
OCBC prices S$550m perpetual capital securities at 4.5%
OCBC served as the sole lead manager and bookrunner for this issue.
Mizuho partners with KOKO Networks to offer carbon credits to clients
Proceeds from the sale of premium carbon credits are distributed as substantial discounts on KOKO Fuel.
Vietnam’s HDBank registers $232.4m in profits for first semester
It also finished adopting Basel III standards.
Fasset superapp aims to use digital assets to drive financial inclusion
The digital asset company plans to eventually offer remittance, lending, and borrowing.
HSBC names UBS banker as new head of global private banking for SA
Tommy Leung will take over the role on 19 October.
Tonik Founder Greg Krasnov to joins as a panelist for Asian Banking and Finance Forum
The Philippines’ first digital bank sets an example for driving financial inclusion and reshaping the banking landscape in the region.
Hong Leong Finance SG profits up 3.2% to S$46.57m in H1
An interim dividend of 3.5 cents per share has been announced.
OCBC reports record net profit of S$3.59b in H1; H1 dividend at 40 cents
The dividend is 43% or 12 cents higher than in H1 2022.
India assures banks it’s ready to manage outflow of Russian funds: report
Russian companies have accumulated billions of rupees in local banks.
China allegedly asks banks to delay dollar buying to slow yuan depreciation: report
The yuan hit an eight-month low in July.
DBS earnings up 45% to S$5.26b in H1; Q2 dividend at 48 cents
This brings the first half dividend to 90 cents per share.
Asian fintechs to outpace global competitors; China posts tepid growth
S&P Global’s latest report shows Asia’s fintech growth may be gradual for 2023, but small and emerging economies will keep the region steady.
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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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