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Ant International recognised as inaugural Foreign Institution Partner by China’s cross-border interconnection payment gateway
Ant International recognised as inaugural Foreign Institution Partner by China’s cross-border interconnection payment gateway
Ant is the largest player in the CPG scheme in terms of coverage, use cases, and business volume.
DBS launches new Asia Gateway operations hub at PBC Jurong
The bank said DAG houses about 1,000 Operations Group employees.
Indonesia loan growth slows with drawdown delays, NPLs under scrutiny
Malaysia-based investors are watching for signs of a recovery going into FY2026F.
Hong Kong's banks encouraged to explore tokenised deposits and assets
Authorities are expected to work together to regularise the issuance of tokenised bonds.
OCBC to provide social loans to 10,000 women entrepreneurs by 2030
It has supported over 2,000 women-owned SMEs as of June 2025.
Australia, New Zealand propose reforms on AT1 capital rules
New Zealand wants to remove AT1 capital and introduce more granular standardised weights for credit risk.
Ant International to launch Alipay+ in Saudi Arabia
It will connect to mada, Saudi Arabia’s national payment scheme.
SPD Bank Shanghai, XTransfer team up to help Chinese SMEs expand overseas
They aim to provide “safer, more efficient, more convenient” global collection and cash management services.
ANZ sets up resolution program, to submit remediation plan
ANZ could spend approximately A$150m on implementing the remediation plan.
SCB consolidates retail units under new consumer banking group
It is overhauling its branches as well as upskilling branch staff and relationship managers.
Philippine cash remittances up 3% to $3.18b in July
Cumulative cash remittances for the January-July 2025 period is now at $19.93b.
CIMB Singapore rolls out card for sole proprietors and SME owners
It offers zero FX fees and complimentary airport lounge access.
HSBC Private Bank rolls out gen AI platform for wealth management staff
It summarises the bank’s research reports and external news feed.
PayPay expands reach to 2 million South Korea stores via Alipay+ gateway
Users must complete identity verification on the PayPay app in Japan.
Standard Chartered Singapore posts 13.7% rise in H1 2025 net profit
However, total operating expenses also widened by 5.2%.
Bank of Commerce PH upgrades system of 140 branches and ATMs
The Philippine bank teamed up with InfoSys and IBM to roll out the upgrade.
Chart of the Week: Debit card fuel growth of Australia’s card payments market
Australians are choosing to spend within their means instead of accruing debt.
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