News

New Policy Pulse details efforts to achieve HK’s financial hub status

It provides an overview of the developments and achievements of HK’s financial services in recent years.

India Post Payments Bank, PNB MetLife India Insurance ink bancassurance deal

The collaboration will leverage IPPB’s network of 650 banking outlets.

Philippine Crop Insurance to disburse farmer payments via GCash

Farmers no longer required to visit PCIC offices.

Banked, NAB launch Pay by Bank payments on Amazon Australia

This allows customers to pay directly from their bank accounts.

Thai banks have room to improve costs, loans in 2025: UOBKH

But loans extended to SMEs will continue to remain sluggish in quality.

Visa’s net revenue up 10% to $9.5b in Q1; cash dividend is $0.59 per stock

It identified consumer payments and value-added services amongst its growth levers.

Cambodia sees progress in responsible lending: officials

Of 22 priority actions, 4 are complete and 15 are ongoing, the statement said.

AEON Bank told to improve measures against money laundering and terrorism financing

Japan's FSA suspected the bank of having left 14,369 transactions unaccounted for.

Here’s how ISO 20022 adoption impacted DBS Bank

It reportedly improved payments processing and regulatory compliance.

Malaysia fines AmBank for investment transaction breaches

AmBank failed to obtain approval for the transactions, the BNM said.

Alipay+ now connects over 1.6 billion users of 35 e-wallets, banks

The platform recently welcomed Kaspi.kz and BigPay.

Hong Kong’s total loans down 2.8% in 2024

Loans for use outside Hong Kong dropped by 1.3% in December.

Home loans in negative equity dropped to $25.03b in Dec 2024

The number of cases fell, but the three-month delinquency ratio rose.

Hong Kong’s total deposits up 7.1% in 2024

Renminbi deposits fell, whilst RMB remittance rose in December.

Bangkok Bank nets 8.6% net profit rise in 2024

It attributed this to the recovery of tourism and exports.

HDFC Bank’s profit after tax up 12.3% for 9M FY2024/25

For the quarter ended Dec 2024, consolidated PAT was 13.6% higher.