Staff Reporter

India changes criteria for small banks seeking to be universal banks

Net worth lowered, but must be profitable in the past two years.

Alipay+ enables 14 foreign e-wallets to pay in Hong Kong

About 90% of HK merchants now accept payments using foreign e-wallets.

Manulife, Standard Chartered expand 2016 ties

Manulife will gain access to the bank’s clientele.

PH banks maintained loan standards in Q1

An estimated 3 in 4 banks maintained credit standards for housing loans.

Alipay+ inks deal with Jeju tourism org for exclusive offers to foreign visitors

Foreign visitors can enjoy up to 50% discounts from ZeroPay merchants.

Thailand’s central bank appoints three new senior roles

Two deputy governors are rotating while one assistant governor is moving up.

Hong Kong SME’s funding gap at $21.7b

About 1 in 3 small businesses who need money choose not to get a loan.

Unlock digital banking success through process orchestration with Appian

This event seeks to unveil the power of process orchestration and low-code automation for exceptional customer experiences, compliance, and agility in banking.

China banking focuses on credit structure optimisation

PwC said the sector needs to continue to implement strategic initiatives.

Overseas expansion impacts Korean banks’ OE score

Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.

Nium, Thredd expand virtual card partnership

The two fintech companies have issued 86 million virtual cards worldwide.

South Korean banks’ loan delinquency rate rise in February

Corporate, SME, and household loans all saw their delinquency rates rise.

APAC finance professionals more confident on economy but talent risks rise

US economy resilience and improvements in China and Japan propped up their confidence.

PH’s BillEase clinched $5m investment from Credit Saison lending arm

BillEase has achieved profitability in 2023 and delivered 47% return on equity.

VPBank’s asset quality at risk amidst housing slowdown

About 1 in 5 of its loans are real estate loans.

Funding Societies, SGeBIZ to offer embedded finance solution for SG businesses

The solution aims to help businesses manage their cash flow.