News

DBS rolls out ‘tap-to-phone’ payments at MAX app

DBS rolls out ‘tap-to-phone’ payments at MAX app

Stall merchants will be able to activate the service in three steps, the bank said.

Australian renovation loans surge 16% as fuel price spike threaten costs

Homeowners are advised to lock prices early and build a budget buffer.

UnionPay and STB renew 3-year deal to boost Singapore tourism spending

They will partner with banks, luxury travel platforms, and tourism stakeholders.

Mastercard contactless payments land on Hong Kong's Airport Express

The company first rolled out contactless card payments in MTR in 2023.

Singapore's private banker crunch clouds $4.22t cross-border wealth boom

Billionaire wealth jumped 66.4%, lifting the market past Australia. 

Fraud checks shift as transactions move in real time

Globe Business monitors logins API requests traces and system health.

Tool dependence leaves institutions with cyber gaps

Cyber awareness must reach receptionists and CEOs as AI attacks target humans not just systems.

UOB builds new Ho Chi Minh HQ

CEO Wee Ee Cheong met with Vietnam President To Lam on 30 May.

US$1t unused credit card points risk losing redemption value

Tribuescape says airlines and hotels can expire balances or change redemption rules without warning.

DBS to open 18 new wealth centres by 2027

The bank will also upgrade 36 existing centres over the next 18 months.

Thai cash handout boosts Krungthai Card despite weaker card spending

Management is confident that customers will be able to make minimum payments.

UOB inks MOU with Vietnam's FPT to modernise banking with AI and cloud

They seek to modernise banking services in UOB’s key markets.

Maybank Q1 profit drops 4.2% to $625m as trading income falls

Net interest margin improved to 2.14%, and loans expanded in Malaysia and Singapore.

Australians spend $4.02m monthly on AI subscriptions: Westpac

Customers spend A$37 per month on average, based on credit card data.

Indonesian corporates raise the bar, banks urged to reinvent corporate banking and treasury services

Monitor Deloitte's Prashant Krishnan urged banks to transform their relationship models to meet these demands.