News
Alipay debuts AI agent interface “Ah Bao” in China
Alipay debuts AI agent interface “Ah Bao” in China
Users only need to speak to Ah Bao, pick a service listed, and pay for it without switching apps or pages.
Hong Kong credit card balances rise as revolving lines fall
Personal loans and credit cards grow whilst revolving credit and loan-on-card shrink.
Citi Mobile App launches e-vouchers at 500 merchant outlets
Citi Mastercard holders are offered exclusive discounts and perks at certain hotels.
Aussie mortgage holders spending less as higher rates bite: CommBank
They bucked the trend of Australian households spending more in May.
Interest income and fees drive Japan bank profits up 32.7% to $37.25b
NPLs slightly increased although the NPL ratio dipped to 0.64%.
Australia streamlines financial accountability rules
The changes will halve compliance updates for 4,500 people.
Japan's megabanks target live stablecoin transactions in FY2026
The three will establish a voluntary council for this goal.
China and Indonesia link cross-border QR payments
Chinese users can use their UnionPay app, Alipay, and banking pps.
Citi names JianXun Toh as JANA head of corporate banking
Citi is in the process of identifying a new head of T&C, it said.
SME Bank nets $9.9m from zakat entrepreneur programme
The Malaysian lender said that its programme services nearly 1,000 entrepreneurs.
UnionBank hits 2 million credit cards in circulation
It also claims the highest Visa credit payment volume among Philippine banks in 2025.
ANZ NZ names chief risk officer Ben Kelleher as next CEO
Antonia Watson will retire on 30 September 2026.
Mizuho mulls cutting investment units to broaden investor base
It acknowledged it as a way to increase the liquidity of its shares.
Hong Kong, China and Indonesia ink MOU to boost rupiah-renminbi transactions
They will establish a cooperation framework.
TransUnion offers free credit report to HK residents who lose their HKID
They can schedule an appointment online within 30 days of the loss.
Thai cash handout to lift finance company debt collection and asset quality
The campaign will boost mid and low-income earners and alleviate their cost of living.
Philippine SMEs can issue virtual prepaid cards in five minutes
Paymongo provides the service whilst Paymentology and Mastercard provide the licensed framework.
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