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South Korean banks to offer English mobile apps, documents to foreigners: report
South Korean banks to offer English mobile apps, documents to foreigners: report
The number of foreign banking customers have breached 8 million in 2024.,
Fintech funding rises to highest Q1 period in two years
They amassed $10.3b in funding across 777 deals made.
South Korea’s household loans rise at a slower pace in March
Mortgage loans grew, but other types of loans shrank during the month.
Boost Bank targets micro SMEs amidst regulatory, inclusion pressure
The digital bank builds on ecosystem strengths to serve high-risk businesses.
Westpac to open three new banking service centres
They will provide face-to-face support for retail and business customers.
Visa, USSC Money Services enable Visa Direct for cross-border B2B payments
Visa Direct facilitates transfer of funds to eligible cards, bank accounts, and wallets.
Vietnam records 3.93% credit growth in Q1
Lending interest rates decreased 0.4% compared to end-2024, the SBV said.
Malaysia and Thailand to strengthen joint efforts in cybersecurity
They aim to enable more effective information sharing and capacity building.
Hong Kong rolls out new measures against fraud and mule accounts
The central bank will roll-out an updated platform for banks to exchange information.
Money transfer firm Wise hiring hundreds of roles in Hyderabad
It will launch a new hub in the city in the second half of 2025.
JCB expands payment acceptance to Apple services of 7 Asian markets
Cardholders can now pay for their Apple purchases in these seven markets.
Aleta Planet unveils digital payment app for Muslim merchants
It offers no transaction fees for 24 months and cashbacks for merchants.
Instapay and Mastercard enable near-real time remittance to 6 Asian countries
It will enable 3 million migrant workers in Malaysia to remit funds in local currencies.
Global Top 25 banks market cap up 20.1% to $4.7t; China Big 4, DBS rise
HSBC also recorded a double digit increase in its market cap.
HSBC Singapore launches premium credit card for wealthy clients
It offers perks such as access to private clubs and members-only lounges in APAC, Europe, and the US.
7 in 10 Hong Kongers pick digital banks for crypto trading on convenience, regulatory concerns
They like the convenience of being able to trade directly using an existing digital bank app.
OCBC-backed working group unveils coal financing transition guidelines
It introduces best principles into the financing phase out of coal-fired power plants.
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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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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