News
Hong Kong credit card receivables down 0.6% in Q3
Hong Kong credit card receivables down 0.6% in Q3
The delinquent and rescheduled ratio was 0.4% in end-September.
Enhanced SME Financing Guarantee Scheme officially in effect
The enhancements aim to alleviate repayment pressures for SMEs seeking loans.
New Zealand's credit and charge card payments market to reach $39.6b by 2028
This is thanks to the consumer shift towards electronic payments.
ICBC Asia net profit rise 9.58% to $547.2m in H1
Non-interest income rose by 67.01%, although fee and commissions declined.
WealthTech Endowus breaks US$7b mark in assets under advice
Its Private Wealth client offering has surpassed US$2b in assets managed.
DBS, UnionPay launch multi-currency debit card
Cardholders can make direct payments in 14 currencies.
Bangkok Bank reports $358.91m net profit for Q3
Earnings per share is THB6.54 for the period that ended on 30 September 2024.
Mizuho Bank, Rakuten launch co-branded card
Customers can earn up to 3% Rakuten Points when shopping.
Maybank rolls out green financial advisory service to SEA SMEs
Small and medium enterprises will receive funding to aid in their sustainability reporting.
Mizuho, Rakuten form alliance; will launch new cards, installment payments
The six companies aim to create new retail business models for the payments industry.
Philippine National Bank's net profit rises to $257.1m in 9M 2024
Earnings per share stood at $0.17.
GienTech targets AI-driven banking solutions amidst rising demand
GienTech responds to surging demand for secure, AI-based tech in finance.
Alternative payments outpace traditional banking among Filipinos
Demand rises for alternative payments, digital wallets, and non-traditional lenders.
Omnichannel integration boosts Hong Kong digital payments
Cross-border wallet collaborations are driving digital payments in Hong Kong.
Bpifrance embraces selective approach to Gen AI adoption
Banks advised to be cautious in approaching generative AI investments.
APAC retailers demand seamless, secure payment solutions
As APAC e-commerce grows, retailers seek frictionless and secure payment systems.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
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Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks