News
Wing Bank Cambodia launches Mastercard One Card combining debit and credit
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.
Philippine cash remittances up 3.7% to $2.99b in June
The US remained the top source of remittance to the Philippines.
Digital apps now most preferred remittance channel
Banks, fintechs, remitters told to take note as it will shape customer expectations.
PayPay submits draft registration statement to publicly list in the US
The mobile payment service app makes use of QR codes and bar codes.
Taiwanese banks’ SME loans rise to $355.73b by end-June
Loans extended to SMEs by domestic banks accounted for 64.73% of total loans.
ANZ names Ender Tanar as ANZ Japan country head
He has been ANZ country head in Germany for seven years.
Airwallex crosses $200b in annualized transaction volume
It is gearing up to roll-out its point-of-sales (POS) terminals.
Indian banks face modest exposure to US tariff-hit sectors
They should be able to manage the credit costs and asset quality.
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1. MAS cracks down on influencers promoting financial products 2. OCBC to enable scan and pay on all China merchant QRs by Q1 2026 3. MAS expands Ripple’s scope of payment activities in Singapore 4. DANA Indonesia launches verified digital wallet for teens 5. HitPay and Visa to expand Philippine SMEs’ payment acceptanceResource Center
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02
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Fighting fraud in the digital banking age