Staff Reporter
MUFG employee steals up to $12.9m from safe deposit boxes
MUFG employee steals up to $12.9m from safe deposit boxes
At least 60 safe deposit box lessors are affected, the bank said in a statement.
Visa inks MOU with Thames International, PH city for MSME digital payments push
Baguio City has 19,874 micro enterprises.
Hong Kong’s ZA Bank offers crypto trading services to retail users
Global crypto market capitalization has surged 90% to over US$2.3t.
Islamic finance needs to expand pool of skilled professionals: CIIF
CIIF signed three MOUs to develop the talent pipeline of the Islamic finance industry.
How virtual cards can benefit wholesale and retail trade, healthcare
These cards can help businesses better manage their margins.
India’s ecommerce payments to hit $147.3b in 2024
E-commerce market value will reach $292.3b by 2028, says GlobalData.
Few banks capture tech spending benefits: report
Global tech spending on banking hit $650b in 2023, but few benefitted.
AusPayNet welcomes Aussie gov’t retirement of cheques by 2029
Cheques will cease being accepted by financial institutions by 2029
India, Maldives ink deal to promote local currencies for cross-border trade
Both countries aim to reduce costs and expedite settlement times for transactions.
Taiwanese banks' loans to SMEs reach $314.57b in September
The average non-performing loan ratio of SME loans was 0.22%.
Taiwan's effective credit cards reach 58.6 million in September
The balance of revolving credit was $20.25m.
Aleta Planet provides cross-border payments for China’s Jinnan
Fintech Aleta Planet to provide cross-border payments for China’s Shanxi Jinnan Steel Group
South Korea's household loans up 0.9% in Q3
Total outstanding household credits was $1.28t as of end-September 2024.
South Korean banks’ delinquency rate fell in Sept 2024
The volume of newly delinquent loans shrank KRW0.5t during the month.
Philippine banking assoc unveil new interest rate swap market
The central bank expects PESO IRS to boost transactions.
South Korean banks' income falls by 13.9% to $4.43b in Q3 2024
Return on assets stood at 0.65%.
India’s central bank warns against deepfake videos involving governor
The videos claim that its governor supports investment schemes.
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The Asian connection: China's path to sustainable growth