News

ANZ clinches Aussie gov’t support for Pacific operations

ANZ will invest $50m in its Pacific systems and enhance its digital bank offering.

Airwallex merchants can now accept Discover, Diners Club cards

Merchants in Australia, Europe, Hong Kong, Singapore, and the UK can accept these cards.

Citi names new co-heads for capital markets and advisory in ANZ

The appointments coincide with the retirement of Tony Osmond.

Standard Chartered unveils savings account for clients 55+ and above

It offers a 3% interest rate, and up to $50,000 protection from digital theft.

NETS names ex-DBS Tech COO as CEO of Banking Computer Services

Alex Woo will lead the Banking Computer Services Private Limited, a NETS’ subsidiary.

Bangkok Bank, Shell unveil prepaid card for Thai SMEs

They can use the preloaded card to pay for fuel at over 720 Shell service stations

MUFG acquires 9.98 million shares in JACCS

MUFG sees JACCS as a core company in its consumer finance strategy.

SMBC, Nomura to issue digital bond with new settlement scheme

They are also working on a proof of concept for settlement of securities using digital currency.

Alipay+ make up 80% of crossborder QR payments in DuitNow

Revenue from such payments are 6 times higher in 2024 than 2023.

AI needs better explainability to build decision-makers’ trust

Transparency and collaboration are key to meaningful AI adoption.

Taiwanese SME loans rise in January on more bank loans

Average NPL ratio is 0.03 ppt higher than a month earlier.

Taiwan’s credit card undue balance decline in January 2025

A total of 39.07 million cards were active during the month.

Nomura setting up fourth banking division

Regulatory authorities likely guided it to set up a separate banking division.

Philippine banks report “generally strong” loan growth in Q4

Some major banks’ saw dramatic rises in NPL ratios.

Visa launches tap-to-ride solution in Ho Chi Minh Metro Line 1

It can support payments via cards, mobile devices, and wearables.