News
ZA Bank launches Wealth Connect Southbound via Industrial Bank tie-up
ZA Bank launches Wealth Connect Southbound via Industrial Bank tie-up
The individual investment quota under the scheme is up to RMB3m or about US$443,000.
UOB appoints Adaline Zheng as China CEO
South Korea country manager George Tung will take over as Hong Kong branch CEO.
India’s UPI goes live at 4.5 million Cambodian merchants
Indian travellers can now pay via QR payments in Cambodia using their UPI app.
OCBC unveils local physical gold service for institutional clients
The bank will offer 12.4kg gold bars alongside 1kg kilobars.
Vietnam's MSB halves loan approval time to 15 minutes
MSB operates 260 branches.
Corporate demand to drive ICICI Bank's 16% loan CAGR
The bank does not face additional stress from the Middle East conflict or the ECL transition.
TenPay Global lets foreigners send remittances to China via WeChat
TenPay’s cross-border remittance platform has over 60 partners globally.
DBS Remit adds Weixin Pay as transactions surge eightfold
Average ticket sizes have grown to over S$800 since February.
GoTyme Bank rolls out international transfers to 170 countries
It supports transfers in 8 currencies.
SMFG targets $5b in sales and trading revenue: report
Arihiro Nagata conservatively estimates that it would take six years to do so.
Japan’s megabanks stockpile $5.48b in provisions despite record earnings
MUFG tripled its loan-loss provisions whilst Mizuho’s more than doubled.
Norinchukin swings to $758.8m profit in FY2025
It expects to earn between $312m to $625m in FY2026.
Citi, India review push to accelerate solar, hydrogen growth
Citi CEO Jane Fraser met Indian PM Narendra Modi ahead of the bank’s 125th year in India in 2027.
BPI channels down on June 6 for Robinsons Bank integration
VIBE will be accessible to pay bills, buy loads, and redeem rewards, BPI said.
Hong Kong’s loans up 3.6% in April as IPOs and high rates lift banks
Deposits also rose during the month.
Hong Kong mortgages drop to HK$36.5b in April after Q4 2025 recovery
Mortgage competition was said to have intensified in the Q1 period.
DBS rolls out ‘tap-to-phone’ payments at MAX app
Stall merchants will be able to activate the service in three steps, the bank said.
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1. Finweek KL 2026: Where European capital meets ASEAN scale 2. Banks must ditch one-size-fits-all as HNW and affluent clients diverge 3. Asia is leading payments modernisation and banks can't afford to fall behind 4. Hong Kong banks urged to capitalise gold potential 5. DBS lends $273m to ETAFCo amidst push to cut Asia's coal relianceResource Center
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