Staff Reporter
Taiwan’s credit card undue balance decline in January 2025
Taiwan’s credit card undue balance decline in January 2025
A total of 39.07 million cards were active during the month.
Nomura setting up fourth banking division
Regulatory authorities likely guided it to set up a separate banking division.
Philippine banks report “generally strong” loan growth in Q4
Some major banks’ saw dramatic rises in NPL ratios.
Visa launches tap-to-ride solution in Ho Chi Minh Metro Line 1
It can support payments via cards, mobile devices, and wearables.
Singapore and Vietnam expand MOU on financial innovation
It enables cross-border retail payment connectivity using QR codes.
BNPL platform ChopNow announces four new partners
Products available in the platform can be paid in installments.
Hang Seng Bank becomes green partner of HKSTP
They will develop two programmes to promote sustainability in businesses.
Australia says industry not ready to decommission BECS
The industry does not have a shared vision or transition plan yet.
South Korea’s household loans rise in Feb on higher mortgage demand
Home mortgage loans expanded at a faster pace than in January.
ICBC launches $11.04b tech and innovation fund
It will support “hard technology” such as semiconductors and advanced manufacturing.
Nomura Securities establishes Sustainable Innovation Investment Scheme
It will provide financial advice and financial services to support transition and innovation.
Nomura withdraws from Net-Zero Banking Alliance
MUFG and Mizuho remains signatories.
YouBiz and Tiktok launch ad spending cashback for businesses
TikTok advertisers can receive up to US$100 in ad credits.
Weekly Global News Wrap: Piraeus buys 90% of Ethniki Insurance; BBVA SA seeks double CIB revenue
And the world’s leading climate coalition seeks new members as it overhauls rules
Cambodia enables cross-border QR code payments via UnionPay
Cambodians need only to scan the UnionPay QR Code to pay.
Japan's financial institutions report $4.28t in loans as of Feb 2025
It is a 3.1% increase from the same month last year.
More Gen Z Hong Kongers taking up revolving line accounts
New accounts granted to them more than doubled.
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