News
RBA sets out plan to make payments system ‘anti-fragile’
RBA sets out plan to make payments system ‘anti-fragile’
It has also warned that delays in encryption and contingency plans risk fraud and disruption.
Alipay+ Voyager customers can book Grab rides in their e-wallets
The service is available to users of Alipay, AlipayHK, and GCash.
Citi’s new Singapore head is first local to hold the position in 50 years
Lee Lung Nien has been with Citi for 35 years.
ASIC eases disclosure rules on deposit rates for banks
The relief is extended until 1 October 2030.
China and Indonesia pilot cross-border QR payments
Selected users from China can now make QR payments in Indonesia using UnionPay and Alipay apps.
SMBC names Sridhar Srinivasan as APAC transaction banking COO
He will be based in Singapore.
ANZ fined $240m for incorrect trading reporting and misconduct
This is the largest ever announced by ASIC against one entity.
ANZ’s CRO Kevin Corbally to step down
He will serve as the Managing Director of Capital Management of the bank’s Institutional Division.
Alipay Tap! crosses 200 million users
It lets users pay by tapping their unlocked phone on a payment terminal.
Japan's first stablecoin unlikely to affect gov't bond demand
But it might lead to a boost in annual JGBs by around $1.88b.
HK, China sign MoU on infrastructure financing, securitisation
The two will explore Renminbi opportunities for infrastructure loan securitisation.
Taiwan’s credit card balance at $3.79b in July
The amount of undue balance of installment rose whilst the delinquency ratio fell.
South Korea’s home mortgage loan growth inch up in August
Resumption of non-face-to-face lending brings back household loans to a growth.
Taiwan’s domestic banks gave out $3.78b in SME loans in July
The NPL ratio rose by 0.01 percentage point.
Australia extends relief on appointing deposit and insurance distributors
The exemption has been extended until 27 August 2030.
Cambodia's Canadia Bank expands to Hong Kong
The group has a total asset of $116.7b (US$15b) and a total of 17,500 employees.
APAC faces rising cyber threats as AI fuels fraud
Experts warn APAC banks must balance compliance with innovation.
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