Frances Gagua
MUFG acquires 9.98 million shares in JACCS
MUFG acquires 9.98 million shares in JACCS
MUFG sees JACCS as a core company in its consumer finance strategy.
SMBC, Nomura to issue digital bond with new settlement scheme
They are also working on a proof of concept for settlement of securities using digital currency.
Alipay+ make up 80% of crossborder QR payments in DuitNow
Revenue from such payments are 6 times higher in 2024 than 2023.
BEA’s Ivy Chan on managing banking risks and trade war shifts
She never saw her banking job as one with a bias for either men or women.
Taiwanese SME loans rise in January on more bank loans
Average NPL ratio is 0.03 ppt higher than a month earlier.
Taiwan’s credit card undue balance decline in January 2025
A total of 39.07 million cards were active during the month.
Nomura setting up fourth banking division
Regulatory authorities likely guided it to set up a separate banking division.
Philippine banks report “generally strong” loan growth in Q4
Some major banks’ saw dramatic rises in NPL ratios.
Visa launches tap-to-ride solution in Ho Chi Minh Metro Line 1
It can support payments via cards, mobile devices, and wearables.
Singapore and Vietnam expand MOU on financial innovation
It enables cross-border retail payment connectivity using QR codes.
BNPL platform ChopNow announces four new partners
Products available in the platform can be paid in installments.
Hang Seng Bank becomes green partner of HKSTP
They will develop two programmes to promote sustainability in businesses.
Australia says industry not ready to decommission BECS
The industry does not have a shared vision or transition plan yet.
South Korea’s household loans rise in Feb on higher mortgage demand
Home mortgage loans expanded at a faster pace than in January.
ICBC launches $11.04b tech and innovation fund
It will support “hard technology” such as semiconductors and advanced manufacturing.
Nomura Securities establishes Sustainable Innovation Investment Scheme
It will provide financial advice and financial services to support transition and innovation.
Nomura withdraws from Net-Zero Banking Alliance
MUFG and Mizuho remains signatories.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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Cards & Payments
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth