News

India floats regulations for non-bank POS payment aggregators

They are required to apply authorisation from the RBI by May 2025.

India floats regulations for non-bank POS payment aggregators

They are required to apply authorisation from the RBI by May 2025.

Robust employment, stable housing market anchors CUB’s profits

But net interest margin will likely stay flat or contract mildly.

China boosts financial services to advance new industrialisation

Insurance funds should provide long-term stable financial support.

Mebuki's profits to improve but unrealised losses to rise

Its problem loans ratio is stable due to strong borrower quality.

Why tokenization and funding are two key issues for financial disruptors in 2024

HSBC's Vincent Lau a lineup of 250 speakers to discuss these at Money 20/20 Asia.

Techcombank’s Prasenji Chakravarti lays bare their ESG strategy

The bank is transforming its IT infrastructure to better process green data.

ING names ex-BofA Merril Lynch banker as APAC corporate finance head

Gautam Saxena also founded the venture capital fund Pegasus 7 Ventures.

Endowus launches full-service digital wealth platform in Hong Kong

It is also launching its flagship portfolios in May 2024.

Rising rates lift profitability of Japan’s 77 Bank

The same rising rates will increase the bank’s unrealized losses on its domestic bonds.

Funding to SEA fintechs drop 44% in Q1 but early-stage fintechs fly high

Funding to crypto firms more than tripled compared to Q4 2023.

Philippine National Bank’s profitability to improve on more SME loans

Liquidity is expected to decline as it accelerates lending in 2024.

Superapps to help drive BNPL userbase to 670 million by 2028

Superapps like WeChat and Grab are adopting and offering BNPL services to users.

Overseas Filipinos’ remittances up 3% to $2.95b in Feb

A total of $2.65b in remittances coursed through banks, the central bank said.   Personal remittances from Overseas Filipinos (OFs) grew by 3% to $2.95b in February, according to central bank data.

APAC fintech investment declines, AI funding soars

AI emerges as a leading sector for venture capital, while traditional fintech areas in Asia see reduced funding.

APAC payments gateway market to rise 30% as cashless economy expands

The market is expected to grow by over 11% between 2023-2027.