Staff Reporter
Filipino Q1 credit card spending jumps nearly half from previous year
Filipino Q1 credit card spending jumps nearly half from previous year
This was the highest recorded amount since the start of the COVID-19 pandemic in 2020.
Visa taps seven APAC startups for digital payments innovation
Startup companies were chosen from India, Mainland China, Thailand, Singapore, and Germany.
Only 30% of Singaporeans trust financial institutions, amongst the lowest in the region
In Hong Kong, Australia, and Singapore, less than half of the customers express trust in their banks.
Standard Chartered-FIS’ Worldpay to boost Straight2Bank Pay reach
This hopes to ramp up the bank’s functionalities to cater for businesses in Asia and other markets.
OCBC unveils decarbonization targets for six sectors
The bank commits to achieving a net zero status for its financed emissions by 2050.
Public Bank launches cross-border QR payments to Singapore
Merchants and individuals can exchange payments to and from either country.
Southeast Asia's cash in circulation to rise by 11.1% by 2027
Singapore is less cash-reliant compared to other markets in the region.
Citi Indonesia’s net income climbs 52% to $38.29m in Q1
Its Institutional Clients Group registered a 2.5% loan growth during the quarter.
Weekly Global News Wrap: Credit Suisse faces lending restrictions; Italy seeks stalemate over e-payment cost reduction talks
And JPMorgan Chase unlikely to buy another struggling bank, says CEO Jamie Dimon.
Citibank Korea doubles net income in Q1
The net income of KRW84.9b for Jan-March 2023 is 112% higher than a year ago.
Kakao Pay beset with 2 hour service disruption
This was subsequent to its the messaging app’s recent cyber disruption.
AlTi completes acquisition of SG-based AL Wealth Partners
This is in line with AlTi’s goal to assist SG’s growing clientele.
Public Bank Berhad aims for $11b in ESG-friendly financing by 2025
It also plans to finance energy-efficient vehicles worth $7b by 2025.
MUFG Bank buys JPY600m shares in metaverse company TBT Lab
The bank will help develop the financial functions of the planned Japan Metaverse Economic Zone
Sumitomo Mitsui Banking Corporation’s net profit up to $9.34b for FY2022
Year-end dividend per share is JPY125 or US$92.
Singapore’s big three banks averaged 3% decline in total returns in Jan-May: SGX
They are performing better than their US counterparts, however.
UOB unveils exclusive wine pairing dinners for cardholders
Cardholders can also attend invite-only wine masterclasses.
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