News
Foreign banks’ Korean earnings up 6% on higher securities income
Foreign banks’ Korean earnings up 6% on higher securities income
The net interest margin declined from 0.75% to 0.63%, according to official data.
DBS and JPMAM unveils investment portfolio for retirement needs
The portfolio calibrates asset allocation depending on investors’ life stages.
BOCHK warns against 4 fake websites
The sites purport to be from a logistics service provider and online trading platform.
Banks fine but SMEs at risk by Japan's 'historic' policy shift
SMEs may see more challenges from the higher interest rates and higher wages.
Japan exits negative interest rate policy on record wage hikes
With salaries rising by 5.28% on average, the BOJ sees cycle of wages and prices more “solid”.
Ping An Bank with enough capital for proposed higher dividends: analyst
The China-based bank has proposed to pay a 30% dividend in 2023.
BOCHK warns of fake websites
The websites reportedly intend to steal customers’ data.
1 in 4 e-commerce transactions in India use alternative payments
Cash makes up barely 1 in 10 of transactions, according to GlobalData.
Mastercard and Alipay enable real-time remittance in over 180 markets
Alipay’s 1 billion users in China can now transfer and pay with over 150 currencies.
Hong Kong reports 8,600 average withdrawals per ATM in a month: study
Average usage levels per ATM is expected to rise as the number of ATMs decreases.
Are ATM cash withdrawals making a comeback?
About 2 in 3 markets studied saw ATM withdrawals rise as inflation squeezes on income.
AlipayHK users benefit from Blue Cross travel insurance promotion
Travellers can purchase a five-day travel insurance plan for HK$1.
Philippine neobank Zed offers credit card with no interest and no annual fees
It has reportedly received 25,000 sign-ups within three weeks.
Citi names Marc Luet as Asia North & Australia Cluster and Banking Head
Luet replaces Angel Ng, who is retiring on 5 April after 26 years with the bank.
ZA Bank has detected HK$4b of suspicious financial activities
Its real-time fraud monitoring system screens 100,000 transactions per day.
Taiwan credit card firms’ hold $3.34b in revolving credit as of January 2024
A total of 37.89 million cards are active as of end-January, according to official data.
Korea’s credit finance companies’ net income 20.7% lower in 2023
Total revenues rose, but so did expenses and bad loans coverage.
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1. OCBC targets 100 senior leaders to be ICF ACC accredited by 2027 2. GCash launches tap to pay for 150 million Mastercard locations 3. CIMB Singapore unveils FlexiPay loan with flexible SME repayment terms 4. HKMA study identifies AI and data analytics as key banking skills 5. Indian banks benefit from infra spending, lower credit risksResource Center
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