News
SoKor household loans rise in July on more mortgages
Demand may also be higher due to the summer vacation season.
Korea, Turkey renew bilateral swap agreement
The extension is effective for a period of 3 years beginning August 2024.
NETS unveils terminal-less contactless payment solution
It accepts card payments and QR payments from local and overseas apps.
Taiwanese banks hold $310.53t in SME loans in June
SME loans made up 65.64% of all corporate loans in Taiwan.
PH central bank issues framework for digital payment system operators
Payment system operators are required to obtain a license from the BSP.
DBS pilots blockchain-backed treasury tokens for treasury, liquidity mgmt
The tokens enable collaborator Ant Int’l to reduce settlements into seconds.
8 in 10 Gen Zs keen on AI for enhanced banking, retail experience
About 43% of them have already used AI for shopping.
StanChart rolls out ESG-linked cash account in Hong Kong, SG
Clients are rewarded when they meet ESG-related targets.
GHL enables QR payments from ShopBack in Malaysia
The partnership is expected to benefit over 6 million shoppers in Malaysia
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators.
Bangkok Bank unveils green transition loan for businesses
The credit can be as high as $283m (THB10b)
Thailand’s Krungsri launches SME transition loan for clean energy
It will help businesses embrace clean energy solutions and reduce pollution.
Citi’s wealth unit selling its trust business: report
The bank has been on a selling spree since 2022.
Singapore banks’ loan growth, fee income steady in Q2
But treasury customer income is lower after their record highs in Q1.
Zed garners Filipino interest with no-fee credit card
Zed targets to expand credit access in the Philippines.
Taiwan logs 3.9 billion non-cash payment transactions in H1
There were 28.91 million users of electronic payment accounts in end-June.
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Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
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Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
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