News

Hong Kong's banks encouraged to explore tokenised deposits and assets

Hong Kong's banks encouraged to explore tokenised deposits and assets

Authorities are expected to work together to regularise the issuance of tokenised bonds.
3 minutes ago

OCBC to provide social loans to 10,000 women entrepreneurs by 2030

It has supported over 2,000 women-owned SMEs as of June 2025.
5 hours ago

Australia, New Zealand propose reforms on AT1 capital rules

New Zealand wants to remove AT1 capital and introduce more granular standardised weights for credit risk. 
5 hours ago

Ant International to launch Alipay+ in Saudi Arabia

It will connect to mada, Saudi Arabia’s national payment scheme.
5 hours ago

SPD Bank Shanghai, XTransfer team up to help Chinese SMEs expand overseas

They aim to provide “safer, more efficient, more convenient” global collection and cash management services.
5 hours ago

ANZ sets up resolution program, to submit remediation plan

ANZ could spend approximately A$150m on implementing the remediation plan.
5 hours ago

SCB consolidates retail units under new consumer banking group

It is overhauling its branches as well as upskilling branch staff and relationship managers.
5 hours ago

Philippine cash remittances up 3% to $3.18b in July

Cumulative cash remittances for the January-July 2025 period is now at $19.93b.
5 hours ago

CIMB Singapore rolls out card for sole proprietors and SME owners

It offers zero FX fees and complimentary airport lounge access.
5 hours ago

HSBC Private Bank rolls out gen AI platform for wealth management staff

It summarises the bank’s research reports and external news feed.
5 hours ago

PayPay expands reach to 2 million South Korea stores via Alipay+ gateway

Users must complete identity verification on the PayPay app in Japan.
1 day ago

Standard Chartered Singapore posts 13.7% rise in H1 2025 net profit

However, total operating expenses also widened by 5.2%.
1 day ago

Bank of Commerce PH upgrades system of 140 branches and ATMs

The Philippine bank teamed up with InfoSys and IBM to roll out the upgrade.
1 day ago

Chart of the Week: Debit card fuel growth of Australia’s card payments market

Australians are choosing to spend within their means instead of accruing debt.
1 day ago

Hong Kong’s PAObank to offer free travel insurance to new customers

New customers must use the referral code "PAOBPR" to avail of the insurance.
1 day ago

RBA sets out plan to make payments system ‘anti-fragile’

It has also warned that delays in encryption and contingency plans risk fraud and disruption.
2 days ago

Alipay+ Voyager customers can book Grab rides in their e-wallets

The service is available to users of Alipay, AlipayHK, and GCash.
2 days ago