News
China’s mobile wallet growth driven by infrastructure, innovation
China’s mobile wallet growth driven by infrastructure, innovation
Digital giants fuel China’s high mobile wallet adoption rate.
HSBC invests $100m in MSME finance platform Funding Societies
Two annual credit facilities were also extended to Funding Societies.
Citi reels in new head of commercial bank for Korea
He has over 23 years of experience in corporate banking.
Swift, UBS, Chainlink pilot tokenised fund settlements
The global mutual fund market is worth $63t.
StraitsX partners with Ant, Grab for blockchain payments
Starting September, tourists from 12 regions can use their home payment apps.
Mastercard Pay Local links cards to APAC wallets
It allows consumers to use their Mastercard cards at over 35 million merchants.
90% of cross-border payments reach banks within an hour
But transparency remains a challenge for cross-border payment systems.
GoTyme, foodpanda launch flexible loans to MSMEs
The loans are offered to foodpanda's partner vendors.
CredAble digitises financing to boost global trade efficiency
The firm addresses fragmented working capital financing.
Westpac expected to maintain solid capital despite profit drop
Credit risk is expected to remain low.
Citi, Fidelity demonstrate real-time settlement of MMF and digital FX
It might enable faster, seamless management of treasury positions.
ANEXT Bank, Schroders to launch investment funds to MSMEs
Over 30% of ANEXT’s customers are foreign business owners.
HDBank reports profit before tax of $500m for Q3
Its consumer finance arm HD SAISON grew its loan book by 15%.
MAS unveils plan to advance tokenisation in financial services
The plan focuses on four areas.
Hong Kong’s digital banks play crucial role in developing the fintech ecosystem
Public acceptance of digital banks is increasing in the city.
The Access Bank UK Limited officially opens Hong Kong branch
It will focus on international trade and commercial banking.
Hang Seng Invest, SAB Invest launch ETF
The ETF will debut on the Saudi Exchange on 31 October 2024.
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