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PH central bank, German banknote printer ink MOU for payments and currency mgmt
PH central bank, German banknote printer ink MOU for payments and currency mgmt
They will research digital payments and banknote substrate.
foodpanda and Fiserv launch e-commerce payments processor
It will first roll out in Singapore and Hong Kong.
Banks’ profitability to decline in 2025 as interest margins narrow
Commercial banks may cut personnel, and regulators may prioritize stability over staff retention in M&As.
Techcombank logs 25.58% higher net profit in Q3
Net interest income rose, but fee and commission income were lower.
Volume of transactions drives financial crime compliance costs
Manual intervention and regulatory complexity also contributes to compliance expenses.
Lower provisions drive up Kiatnakin Phatra Bank’s net profits in Q3
Provisions were 59% year-on-year lower.
TMBThanachart Bank sees 11% net profit growth in Q3
Net interest margin (NIM) may rise 4 basis points after a central bank rate cut.
BofA sees 51% rise in API use for real-time treasury needs
Business clients are using APIs to simplify onboarding and accelerate transactions.
Over 97% of Hong Kongers trust digital banks’ security measures
Digital bank account holders are willing to open more accounts with other digital banks.
SCB X sees 0.9% dip in 9M 2024 net profit on lower loans, fee income in Q3
Its third quarter net profit is 13.2% higher than in Q3 2023, however.
Super-app growth reduces fraud risks in Southeast Asia
Southeast Asia's payment platforms lead globally.
UPI transforms real-time payments across India
UPI revolutionises payment methods for phone users.
UPI expands beyond India, driving global adoption
It simplifies small payments for its users.
UPI transforms person-to-person, business transactions
Indian Bank CEO highlights UPI's impact and global trends at Sibos 2024.
Cross-border payments face complexity in African markets
Regulatory hurdles and currency challenges are slowing payment settlement.
Malaysia invests $906.67m to enhance MSME lending, Islamic finance
It also mulls establishing the Consumer Credit Commission.
Hong Kong unveils sustainable finance action agenda
Banks are required to achieve net zero in their operations by 2030.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. Citi names Goldman Sachs banker as head of markets solutions in Asia South & North 5. UOB inks MOU with Accenture for AI adoption and applicationResource Center
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