Staff Reporter
ASEAN Islamic finance industry to cross $1t in 2026
ASEAN Islamic finance industry to cross $1t in 2026
Assets are concentrated in Malaysia, Indonesia, and Brunei with limited presence in other markets.
Wing Bank Cambodia launches Mastercard One Card combining debit and credit
The card features a numberless design for added security.
CIMB Singapore unveils FlexiPay loan with flexible SME repayment terms
Repayments are automatically deducted as a percentage of daily deposits.
Australian mutual banks may offset costs through process automation
It could help banks sustain their historical loan growth of about 6%.
South Korea’s payment card market projected to reach $1t in 2025
This is driven by a growing preference for digital payments.
Thailand, China renew bilateral currency swap agreement
It aims to support trade and investment between the two countries.
Show, don’t tell: Asian banks need to prove simplification works – here’s how
The choice is clear: simplify or stagnate — the future of Asian banking depends on it.
Indian banks benefit from infra spending, lower credit risks
Credit losses may rise in the next 12-24 months but still better than averages.
Affin Bank profit seen lower in H2 on policy rate cut
Its net profit rose 17% in H1 on its interest and non-interest incomes expanding.
Union Bank of the Philippines hires senior officers for compliance
A new relationship manager has also been appointed.
Hong Kong total credit card receivables down 2.5% to $19.03b in Q2
This is slower than the 5.8% decline recorded in Q1 2025, official data showed.
Ant, RayNeo to bring AR glasses payments cross-border with Alipay+
They plan to enable the use of AR glasses for in-store payments.
Bank of Singapore offers UHNWIs SFO-style investment vehicle
They can qualify for tax exemptions of single-family offices without setting up one.
UOB reaps 7 awards at Asian Banking & Finance Retail Banking Awards 2025
It was recognised for its initiatives that support holistic well-being, transform branch experience, advance digital transformation, and elevate customer experience.
Philippine cash remittances up 3.7% to $2.99b in June
The US remained the top source of remittance to the Philippines.
Digital apps now most preferred remittance channel
Banks, fintechs, remitters told to take note as it will shape customer expectations.
PayPay submits draft registration statement to publicly list in the US
The mobile payment service app makes use of QR codes and bar codes.
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