Frances Gagua

The pilot aims to enable transfer of CBDC offline, and without the need to change POS terminals.

Banks also witnessed a 13.5% deposit growth for the quarter.

BEA will deploy a range of data analytics solutions from Google Cloud.

The Philippines’ biggest payments and mobile wallet floats the possibility of going public soon.

Gen AI is expected to add up to US$340b in new value to banks. But obtaining a slice of this will not be an easy process.

Partner wallets saw daily transaction volumes increased three-fold.

Travelers will be rewarded for bringing their own toothbrushes, amongst others.

The average rate of delinquency was 0.2% by the end of the month.

Authorities warned of volatile financial markets.

Loans for production activities rose during the month.

It's a stepping stone towards the normalization of e-CNY use amongst BOCHK's corporate customers.

This is expected to help the millions of yearly Korean visitors going to Japan.

Its deposit savings rate also remains unchanged.

And Portugal’s Novo Banco reportedly exploring potential tie-up with WiZink.

Aligning lending practices with rising sustainability expectations is gaining traction in Asia, but accelerating the green transition will require open and collaborative data ecosystems.

Weak lending standards and foreclosure laws will continue to drag down asset quality.