Staff Reporter

HSBC Singapore offers zero-fee international transfers to over 60 currencies

Amongst markets covered are Malaysia, Indonesia, South Korea, and the UAE.

Why Singapore banks are a ‘safe haven’ from US market volatility

UOB, OCBC, and DBS have low earnings downside risk and offer attractive dividends.

Patents for 3D secure transactions nearly double in 2023

Payment entities are looking to strengthen their security to combat online threats.

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.

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%.

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.