Staff Reporter

Social pressures drive financial misreporting in Singapore

The highest misreporting rates are in the Philippines (47%) and Indonesia (45%).

New Zealand opens ESAS application process to all interested entities

In general, applications will be assessed in the order they were received.

Alipay+ enables overseas tap-to-pay service for Kakao Pay users

Kakao Pay users can now make NFC payments at Mastercard merchants worldwide.

Bangkok Bank named custodian of $65.9m private fund

The fund is by PTT Savings and Credit Cooperative, Limited.

ZA Bank surpasses 1 million customers

The Hong Kong-based digital bank saw deposits and card transactions rise in H1.

SMBC’s Bengalaru branch commences operations

Satoshi Onoe serves as head of the branch.

MoneyHero Group returns to quarterly profitability in Q2 2025

Platform membership grew 33% whilst EBITDA loss improved as well.

India’s central bank establishes regulatory review cell

It will ensure the systemic internal review of regulations every 5-7 years.

Regulator urges stronger standards in Australia's private credit sector

A review found opaque remuneration and fee structures, amongst other concerns.

Chart of the Week: Hong Kong card payments to hit $233.5b by 2029

Growing preference for contactless payments will lift the value up.

SCB Easy App unavailable on 5 October 2025

The app is being upgraded during the period, SCB said.

Hong Kong’s credit card transaction value decline in Q2

This is despite the volume of transactions rising during the quarter.

SMBC Group, Jefferies to establish wholesale equities business in Japan

SMBC is also increasing its investment in Jefferies to up to 20%.

BSP probes bank accounts tied to flood control corruption

This comes after a department secretary filed an official request.

Philippine central bank limits daily cash withdrawals, transactions to $8,750

Transactions beyond that must be done through traceable channels like cheques, and online transfers.