News

Moody’s says Hang Seng Bank capital strength offsets loan risks

These loans made up 15% of total lending in June 2025.

Finance associations call for overhaul of crypto rules

Recommendations include revising classification rules, recognising stablecoins, and updating risk weights.

AMINA Bank appoints Michael Benz to lead APAC expansion

He will be reporting directly to CEO Franz Bergmueller.

China’s credit and charge payments market to grow by 2.4% in 2025: GlobalData

Payment frequency for these cards stood at 55.3 times in 2025.

GCash launches tap to pay for 150 million Mastercard locations

The service uses Near Field Communications (NFC) technology.

Wing Bank Cambodia launches Mastercard One Card combining debit and credit

The card features a numberless design for added security.

CIMB Singapore unveils FlexiPay loan with flexible SME repayment terms

Repayments are automatically deducted as a percentage of daily deposits.

Australian mutual banks may offset costs through process automation

It could help banks sustain their historical loan growth of about 6%.

South Korea’s payment card market projected to reach $1t in 2025

This is driven by a growing preference for digital payments.

Thailand, China renew bilateral currency swap agreement

It aims to support trade and investment between the two countries.

Affin Bank profit seen lower in H2 on policy rate cut

Its net profit rose 17% in H1 on its interest and non-interest incomes expanding.

Union Bank of the Philippines hires senior officers for compliance

A new relationship manager has also been appointed.

Hong Kong total credit card receivables down 2.5% to $19.03b in Q2

This is slower than the 5.8% decline recorded in Q1 2025, official data showed.

Ant, RayNeo to bring AR glasses payments cross-border with Alipay+

They plan to enable the use of AR glasses for in-store payments.

Bank of Singapore offers UHNWIs SFO-style investment vehicle

They can qualify for tax exemptions of single-family offices without setting up one.