Staff Reporter
Alipay+ launches year-end sustainable travel campaign in Asia
Alipay+ launches year-end sustainable travel campaign in Asia
Travelers will be rewarded for bringing their own toothbrushes, amongst others.
Taiwan reports over 37 million active credit cards in October
The average rate of delinquency was 0.2% by the end of the month.
South Korean banks’ total capital up 1.3% to $3.4b in Q3
Authorities warned of volatile financial markets.
Philippine banks sees lending go up by 7.1% in October
Loans for production activities rose during the month.
Bank of China HK uses e-CNY for $5.1m cross-boundary settlement
It's a stepping stone towards the normalization of e-CNY use amongst BOCHK's corporate customers.
JCB enables Korean payments for Smart Code merchants
This is expected to help the millions of yearly Korean visitors going to Japan.
Hang Seng Bank’s prime lending rate remains 5.875% per annum
Its deposit savings rate also remains unchanged.
Asian Banking & Finance Forum 2024 returns to Bangkok on April 17
The forum will also be held in Ho Chi Minh, Jakarta, Kuala Lumpur, and Manila.
Weekly Global News Wrap: JPMorgan Chase to open more branches; EU banks make record payouts
And Portugal’s Novo Banco reportedly exploring potential tie-up with WiZink.
Weak profits, structural challenges on the horizon for Bangladeshi banks
Weak lending standards and foreclosure laws will continue to drag down asset quality.
JPMorgan Chase eyes outsourcing Hong Kong, Taiwan custody business
The bank is reportedly in the process of selecting another bank to take over operations.
APRA updates banking standards to manage interest rate risk more effectively
The updates aim to reduce volatility in the IRRBB capital charge, enhance incentives for risk management, and simplify the IRRBB framework.
PH’s BillEase teams up with Alipay+ to roll out auto-debit feature
It grants merchants pre-authorization to automatically deduct funds.
Digital bank Trust unveils environmentally-friendly payment card
It is made out of recycled plastic bottles recovered from coastal areas.
Property exposure risks remains Cambodian banks’ Achilles heel: analyst
Profitability will remain under pressure due to stiff competition and high costs.
Australia to amend retail payments regulation in 2024: governor
Reforms will include better cost transparency from BNPL, mobile wallets.
Laos, Vietnam ink MOU for cross-border QR code payment linkage
The MOU will facilitate the use of local currencies in retail payments in the two countries.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
