Staff Reporter

Southeast Asia’s BNPL market to reach $53.2b by 2027

Malaysia, the Philippines, and Indonesia are the most promising markets.\

Atome Financial clinches $200m facility for SEA expansion plans

The digital payments platform reported that it turned EBITDA positive in Q1.

Crypto exchange OKX unveils zero-fee SGD deposits and withdrawals

The deposits and withdrawals will be facilitated by local bank DBS.

India’s deposits surpass loan growth in Oct-Nov 2024

Higher term rates helped push up deposits, according to CareEdge.

Indonesian banks to see less intense loan competition in 2025

Banks are looking to solidify their market share.

Export-Import Bank of Thailand faces elevated asset quality risk, profit pressures

Its gross NPL ratio rose whilst profitability declined in the first half of 2024.

BOCHK warns against phishing websites

The websites  have bill settlement pages with links that intend to steal customers' data.

Public Bank’s profitability to continue outperforming industry: Moody’s

It is expected to maintain a low problem ratio through 2025.

Nanyang Commercial Bank needs more loss provisions to resolve property woes

The bank is expected to face profitability and asset quality challenges through 2025.

Hong Kong credit card receivables down 0.6% in Q3

The delinquent and rescheduled ratio was 0.4% in end-September.

Enhanced SME Financing Guarantee Scheme officially in effect

The enhancements aim to alleviate repayment pressures for SMEs seeking loans.

New Zealand's credit and charge card payments market to reach $39.6b by 2028

This is thanks to the consumer shift towards electronic payments.

ICBC Asia net profit rise 9.58% to $547.2m in H1

Non-interest income rose by 67.01%, although fee and commissions declined.

WealthTech Endowus breaks US$7b mark in assets under advice

Its Private Wealth client offering has surpassed US$2b in assets managed.

DBS, UnionPay launch multi-currency debit card

Cardholders can make direct payments in 14 currencies.