News
Bhutan enables national-level crypto payment with Binance Pay
Bhutan enables national-level crypto payment with Binance Pay
The QR payments are expected to accept over 100 cryptos.
Hong Leong Bank unveils Meet @ HLB Branch concept in Semenyih
The branch is open from 12:30 PM to 7PM, including weekends.
Banks must diversify income and review pricing: analysts
They must identify customer relationships with low or negative profit.
DBS’ net profit fell 2% to S$2.9b in Q1 2025 on higher tax expenses.
Interim dividend is 60 cents per ordinary share.
APAC banks outpace EU in digital adoption although branches still needed
Malaysia and the Philippines expanded their branch networks between 2019 and 2023.
Barclays integrates Ant Int’l model to FX hedging platform
Ant Interntional has completed the first batch of intra-group FX transactions with Barclays.
KakaoBank’s operating profit up 23% to $131.09m in Q1 2025
Revenue from financial investment, FX gains, and NPL sales rose compared to Q4 2024.
NAB net profit dip 2.5% to A$3.4b in H1 2025
Net operating income rose 1.4%, and net interest income is 0.6% higher.
National Australia Bank’s credit losses to remain low
Its CET1 ratio is expected to rise once it concludes the sale of its stake in MLC Life Insurance.
Chinese banks’ annual credit loses to average $353b in next two years
Nonperforming assets and bad debt are expected to rise.
MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand
It aims to leverage the $5.2b in new Chinese investments entering Thailand in 2024.
UOB reports flat net profit growth in Q1 despite record fee income
Net fee income rose to a new high but non-interest income fell.
Chart of the Week: Australia’s credit and charge market to rise in 2025
Benefits and flexible repayment options is driving frequency of use.
Wealth managers must address safe-haven shift of wealthy Chinese investors: analyst
Over a quarter of HNWs’ wealth are parked in low-risk assets.
J.P. Morgan unveils automated cross-currency payment collection and settling service
It allows invoice and collection in one currency, and payment setting in another.
Filipinos spent 49 years using non-bank digital lending apps in 2024
Active users wer said to have spent 12 minutes and 14 seconds per month using such apps.
Total spending in China via Alipay’s overseas wallets doubled during Labor Day holiday
Alipay Tap! also saw a 50% rise in spending during the period.
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