APAC

APAC card payments markets to grow 4.3% to $24.7t in 2025

APAC card payments markets to grow 4.3% to $24.7t in 2025

South Asia and SEA countries are skipping cards for mobile wallets, however.
17 hours ago

Banking sector bucked trend with job posting increase in Q1

Companies such as JPMorgan Chase & Co, PNC Financial Services, and Visa drove hiring.
1 day ago

Franklin Templeton names new co-heads of Global Official Institutions Group

The new office will serve central banks and sovereign wealth funds globally.
2 days ago

Airwallex raises US$300m in Series F funding

The company plans to use the funds to expand into Japan, Korea, the UAE, and Latin America.

SMBC names DBS MD as head of corporate banking for APAC

Joyce Tee brings three decades of experience working in the banking industry.

BofA sees 60% surge in QR sign-ups for CashPro platform

CashPro has surpassed 2 million users globally.

Banks miss $10t wealth opportunity by neglecting affluent women clients

Lack of women advisors and male-focused wealth servicing is hurting wealth managers’ long-term strategies.

Islamic finance assets to reach $7.5t by 2028

Bank accounts make up 70% of the total assets.

Fintechs, banks unite for win-win

Changing markets are forcing them to forge mutually beneficial alliances.

HSBC Global Private Banking names Kapil Khanna as desk head for three markets

Khanna was head of international investment counselling in HSBC.

SMBC names Luis Pereira as co-regional CIO for APAC

He will partner with Fumitaka Kato, co-regional CIO for APAC.

Bhutan enables national-level crypto payment with Binance Pay

The QR payments are expected to accept over 100 cryptos. 

Banks must diversify income and review pricing: analysts

They must identify customer relationships with low or negative profit.

APAC banks outpace EU in digital adoption although branches still needed

Malaysia and the Philippines expanded their branch networks between 2019 and 2023.

J.P. Morgan unveils automated cross-currency payment collection and settling service

It allows invoice and collection in one currency, and payment setting in another.

HSBC profit after tax down 30% in Q1

The gap was reportedly due to the over $3b it got from sales in Q1 2024.