Staff Reporter
GHL’s Malaysia terminals can now accept cross-border payments via DuitNow QR
GHL’s Malaysia terminals can now accept cross-border payments via DuitNow QR
Over 480,000 merchant touchpoints are covered by the expansion.
Hong Kong lenders chase after small-ticket loans, maintain tight standards
They’ve embedded services in digital wallets to increase to get more customers.
Bank Tabungan Negara’s asset quality ‘stable’ amidst loan clean-up efforts
Costs are expected to rise and liquidity to fall over the next year.
Maybank's net profit up 8.5% in 9M FY2024
Non-interest income growth pushed up its profits.
China's financial sector intensifies efforts to stabilise economy
The transformation of the monetary policy framework has also accelerated.
MAS issues 14-year prohibition orders against Loh Sheng Yang
Yang was convicted of cheating, forgery, and acquiring criminal benefits.
Barclays to establish private bank booking centre in Singapore
The bank will provide quasi-institutional investment solutions.
Improved lending to MSMEs needed: central banker
MSMEs make up almost a third of India’s nominal GDP.
Bank Central Asia's net profit climbs to $2.9b in 9M 2024
Net interest income grew by 9%, reaching $4b.
Hong Kong central bank welcomes complete migration to Credit Data Smart
Banks and lenders now operate under a multiple credit reference agencies model.
Up to $50b of wholesale banks’ revenues at risk
But there’s about $15b in additional revenue up for grabs through 2027.
Vietnam’s debit card payments to reach $65.6b in 2028
Debit card use is dominant, but still limited to cash withdrawals.
Maybank Singapore unveils second lifestyle banking space
It features a biophilic design and has a Joe & Dough cafe at the entrance.
Citi unveils real-time 24/7 liquidity mgmt solution in Thailand
With 7-Day Sweeps, cash concentration capabilities are extended to non-business days.
HSBC Singapore offers zero-fee international transfers to over 60 currencies
Amongst markets covered are Malaysia, Indonesia, South Korea, and the UAE.
Why Singapore banks are a ‘safe haven’ from US market volatility
UOB, OCBC, and DBS have low earnings downside risk and offer attractive dividends.
Patents for 3D secure transactions nearly double in 2023
Payment entities are looking to strengthen their security to combat online threats.
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