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India’s card payments market to grow 23.6% to $361.6b in 2023: analyst
India’s card payments market to grow 23.6% to $361.6b in 2023: analyst
Rising consumer spending will rally the market to extend 2022’s growth.
HSBC welcomes Hong Kong’s HK$100m bid to attract family office
Hong Kong is aiming to attract 200 family offices to set up shop in the city by 2025.
Weekly Global News Wrap: US regulators warn banks on liquidity risks from crypto deposits; Wells Fargo lays off hundreds of mortgage bankers
And Europe bank stocks could still rally higher, analysts said.
OCBC reports record net profit of S$5.75b in 2022
Full-year dividend is at 68 cents per share, 28% higher than in 2021.
UPI’s linkage to SG’s PayNow a step closer to global payment brand ambitions: analyst
UPI registered a 75.9% growth in 2022.
Citibank Singapore names retail banking head
Matt Read’s appointment will take effect on 17 April.
Thailand’s KBank eyes to be amongst Vietnam, Indonesia’s top banks
The bank aims to increase its international business income to 4% of its total net income.
UOB Group posts record core net profit of $4.8b in FY22
Compared to FY21, the group’s core net profit rose 18%.
SG, India enable real-time cross-border payments
This is possible with the linkage of PayNow and India’s Unified Payments Interface.
Philippines central bank OKs use of international sim for GCash services
The beta launch will be available for 1,000 users in Japan, Australia, and Italy.
Hang Seng Bank’s profits down 27% to HK$10.16b in 2022
The bank has announced a fourth interim dividend of HK$2 per share.
Judo Bank's rapid growth to continue despite inflation, competition
Competition and higher cost of funding are likely to curtail some margin benefit, says S&P.
Banks urged to integrate ESG data into IT systems: McKinsey
Banks must apply a use-case driven approach to introduce new ESG capabilities.
Hong Kong launches consultation for virtual asset trading platforms
The SFC is seeking views on whether to allow license platform operators to serve retail investors.
Cards maintain dominance in Hong Kong's payment landscape
Over nine in 10 consumers use cards as their payment method.
Korean banks' plan to boost shareholder returns won't affect profits
The regulator is expected to stop any excessive payments.
High interest, lower demand to temper Bendigo and Adelaide Bank’s loan growth
BEN saw its loan growth contract 1.1% in H2 2022.
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1. How digital payments are forcing QSRs to rebuild checkout and staffing 2. MariBank links remittances to Weixin Pay via TenPay Global 3. Japanese banks face bond yield shocks as yields hit 2.23% 4. DBS to focus on tech resilience and grow fee income in 2026: analyst 5. DBS pilots Visa Intelligent Commerce for agent-initiated paymentsResource Center
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