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Standard Chartered unveils savings account for clients 55+ and above
Standard Chartered unveils savings account for clients 55+ and above
It offers a 3% interest rate, and up to $50,000 protection from digital theft.
NETS names ex-DBS Tech COO as CEO of Banking Computer Services
Alex Woo will lead the Banking Computer Services Private Limited, a NETS’ subsidiary.
Bangkok Bank, Shell unveil prepaid card for Thai SMEs
They can use the preloaded card to pay for fuel at over 720 Shell service stations
Krungsri Bank launches online bill payment solution for Thai SMEs
SME merchants can accept payments via QR code.
MUFG acquires 9.98 million shares in JACCS
MUFG sees JACCS as a core company in its consumer finance strategy.
SMBC, Nomura to issue digital bond with new settlement scheme
They are also working on a proof of concept for settlement of securities using digital currency.
Alipay+ make up 80% of crossborder QR payments in DuitNow
Revenue from such payments are 6 times higher in 2024 than 2023.
Taiwanese SME loans rise in January on more bank loans
Average NPL ratio is 0.03 ppt higher than a month earlier.
Taiwan’s credit card undue balance decline in January 2025
A total of 39.07 million cards were active during the month.
Nomura setting up fourth banking division
Regulatory authorities likely guided it to set up a separate banking division.
Philippine banks report “generally strong” loan growth in Q4
Some major banks’ saw dramatic rises in NPL ratios.
Visa launches tap-to-ride solution in Ho Chi Minh Metro Line 1
It can support payments via cards, mobile devices, and wearables.
Singapore and Vietnam expand MOU on financial innovation
It enables cross-border retail payment connectivity using QR codes.
BNPL platform ChopNow announces four new partners
Products available in the platform can be paid in installments.
Hang Seng Bank becomes green partner of HKSTP
They will develop two programmes to promote sustainability in businesses.
Australia says industry not ready to decommission BECS
The industry does not have a shared vision or transition plan yet.
South Korea’s household loans rise in Feb on higher mortgage demand
Home mortgage loans expanded at a faster pace than in January.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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