News
PayPay and Alipay+ expands partnership to extend e-wallet payment options across Japan
PayPay and Alipay+ expands partnership to extend e-wallet payment options across Japan
Alipay+ will connect to over 3 million local merchants in the global payment ecosystem.
Maybank Singapore taps PracBiz to streamline supply chain finance
The partnership targets businesses in the fast-moving consumer goods sector.
OCBC launches near-instant P2P transfers to WeChat Pay and Alipay
It also aims to expand the service in Indonesia and the Philippines by 2026.
Evercomm, CTBC Bank to develop AI-powered green financing platform
The platform aims to advance green financing.
Ant Int’l launches digital sustainability scorecard for MSMEs
The scorecard offers actionable insights for MSMEs to enhance ESG credibility.
UOB’s net profit climbs to $3.42b YTD amidst fee income growth
The quarter’s earnings surged 16.5% YoY.
OCBC’s Q3 2024 net profit rises 9% to $1.50b
Operating expenses rose 9% to $1.11b.
Cross-border payments grow with tech and regulatory support
E-commerce, real-time networks, and digital standards drive payment volume expansion
Regulatory gaps and rising demand fuel islamic banking boom in Asia
Asia’s Islamic banking sector is expanding rapidly.
Over half of banking executives struggle with data silos: report
This is due to technological barriers and cost constraints.
Australian banks' credit risk rises amidst high debt, economic uncertainty
National Australia Bank reported an 8.1% decline in cash earnings.
Visa launches new products to boost flexibility, security in APAC
It also partnered with QR payment providers across the region for cross-border payments.Visa has introduced several new products and services aimed at enhancing payment flexibility and security in Asia Pacific.
State Bank of India taps SG-based APIX for fintech innovation platform
The platform will provide access to over 250 financial service APIs.
Deutsche Bank injects €571m to support India growth plans
It boosts the bank’s regulatory capital by 33% YoY.
DBS’ Q3 2024 net profit climbs 15% YoY
Total income rose 11% YoY.
e-CNY expansion may curb banking income: S&P Global Ratings
It could reduce expenses for companies and facilitate international payments.
OCBC, Ant International team up on tokenised deposits
It aims for real-time, around-the-clock cross-border payments between Singapore and Malaysia.
Commentary
Show, don’t tell: Asian banks need to prove simplification works – here’s how
What kids without wallets can teach us about the future of finance
What is best practice when setting up an in-house bank?
How technology and regulation are reshaping the lending landscape