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GXS FlexiLoan customers have saved S$4m in interest: GXS Bank
GXS FlexiLoan customers have saved S$4m in interest: GXS Bank
The loan’s interest is calculated daily based on the outstanding balance the day before.
Unacash unveils installment loans in the Philippines
Customers can apply for loans up to approximately $886.
Embedded finance market to double in four years
The industry’s growth is seen to continue at least in the next four years, mainly due to the B2B market.
GXBank's Raya campaign offers 5% daily interest on savings pockets
The campaign will run from 10 April to 9 May.
PH-based Allbank and Salmon Group unveil QR PH-enabled payment solution
It eliminates the need to input details manually for traditional payments.
UPI propels India’s mobile wallet payments to $6.5t by 2028
In February 2024, $221.5b in value was paid across 12.1 billion UPI transactions.
Postal Savings Bank of China faces ROAA decline but sustains strong fee income
Adequate provisions to buoy resilient asset quality.
Lower interest rates and property woes weigh on Bank of China’s profits
Net interest margin fell, although at a lower decline than other Chinese megabanks.
BOCHK's strong profits combats its property loan weakness
The bad loans ratio, whilst rising in 2023, is expected to fall to 0.7% in 2024-2025.
MAS eyes enhanced safeguards for elderly and non-english proficient financial clients
Authorities aim to implement enhancements no later than H2 2025.
Malaysian banks’ loan ratio at 1.6% in Feb
Loan loss coverage is at 120% of impaired loans, central bank data showed.
Chart of the Week: Singapore investment banking fees down 14% in Q1
Advisory fees from M&A transactions fell by 74% during the quarter.
BOCHK warns against phishing email
It advised customers to delete suspicious emails and attachments without opening them.
VP Bank names Will Wang as wealth head in Hong Kong
Wang is also now chief representative of the VP Bank AG Hong Kong Rep Office.
MAS expands regulations for digital payment token service providers
It will impose requirements for anti-money laundering and user protection.
China Merchants Bank says it’s “challenging” to achieve Q1 earnings growth
The bank is bracing for a margin squeeze and guided for tepid fee income.
Japanese banks ‘less reluctant’ to finance hostile takeovers: report
Banks are seeing a rise of deals related to unsolicited bids for corporate takeovers.
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1. CIMB Philippines says fund transfer issue ‘resolved’ 2. UOB inks MOU with Accenture for AI adoption and application 3. Cambodia and Japan enable QR code payments between the two countries 4. HSBC group chairman Mark Tucker announces retirement 5. Standard Chartered appoints Noelle Eder as group head of tech & operationsResource Center
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