Staff Reporter
Bank of East Asia reports higher attributable profit by 14.1% YoY in H1 2025
Bank of East Asia reports higher attributable profit by 14.1% YoY in H1 2025
Earnings per share also increased by 24.6% YoY.
APAC card payments to hit $39.6t by 2029 on improved infrastructure
In markets with low adoption, cards compete with QR payments and inadequate infrastructure.
AU Small Finance Bank launches digital payment service for Indians abroad
The service allows payments for domestic transactions.
Unbanked Filipinos narrow gap in credit perceptions: TransUnion
Fintech users showed the highest trust in credit products.
GCash global tap-to-pay feature launched
The feature allows GCash users to complete transactions by tapping their NFC-enabled Android phones on Mastercard point-of-sale terminals.
PayNet, Ant International ink MoU for international QR payments
The MoU enables DuitNow QR to be usable worldwide through Alipay+.
APRA releases 2025–26 corporate plan to strengthen financial system
It outlines APRA’s strategic direction over the next four years.
SMBC invests in Novastar Ventures’ Africa fund
The fund’s budget for fiscal year 2025 is $340m.
BOCHK partners with Manulife to launch multi-asset income solutions
It will draw on global income sources such as preferred securities and others.
Reward programs spur credit and charge cards usage in Japan
Credit card acceptance across merchants had also expanded in recent years.
HKMA study identifies AI and data analytics as key banking skills
Another key finding is the importance of a collaborative approach across the industry.
Moody’s says Hang Seng Bank capital strength offsets loan risks
These loans made up 15% of total lending in June 2025.
Finance associations call for overhaul of crypto rules
Recommendations include revising classification rules, recognising stablecoins, and updating risk weights.
AMINA Bank appoints Michael Benz to lead APAC expansion
He will be reporting directly to CEO Franz Bergmueller.
China’s credit and charge payments market to grow by 2.4% in 2025: GlobalData
Payment frequency for these cards stood at 55.3 times in 2025.
Seven Bank enter talks on potential capital and business alliance with Itochu
Seven Bank operates more than 28,000 ATMs in Japan.
GCash launches tap to pay for 150 million Mastercard locations
The service uses Near Field Communications (NFC) technology.
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