News
Philippine cash remittances up 3.7% to $2.99b in June
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.
AI agents shift financial services from infrastructure to impact
Almost all institutions now use AI to boost efficiency and customer experience.
Singapore, Brunei establish reciprocal cross-border collateral arrangement
This will allow them to accept a wider range of collateral in their facilities.
Philippine central bank orders banks, e-wallets to remove in-app gambling access
The suspension will remain in place until a policy is finalised.
Taiwanese cards’ revolving credit rise to $3.84b in June
The average ratio of delinquency is 0.29%.
Palawan Group of Companies Marks 40th Anniversary, Continues Mission to Empower Filipinos
The celebration kicked off on August 5 with a spotlight on Palawan’s B2B arm.
Dah Sing Bank launch Payment Connect service in online platforms
The bank now offers instant cross-border remittance between the two markets.
Japan Post Bank’s net income up 8.9% to JPY104.86b in Q1 FY2026/3
Net income per share is JPY29.29, according to its consolidated financial results.
Fintech investments and deals slow to $44.7b in H1 2025
But the digital assets space has amassed nearly equal to its total 2024 investments.
National Australia Bank fined $15.5m for failing to respond to hardship claim
NAB and subsidiary AFSH are required to publish an adverse publicity notice.
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