Frances Gagua
YouBiz and Tiktok launch ad spending cashback for businesses
YouBiz and Tiktok launch ad spending cashback for businesses
TikTok advertisers can receive up to US$100 in ad credits.
Weekly Global News Wrap: Piraeus buys 90% of Ethniki Insurance; BBVA SA seeks double CIB revenue
And the world’s leading climate coalition seeks new members as it overhauls rules
Cambodia enables cross-border QR code payments via UnionPay
Cambodians need only to scan the UnionPay QR Code to pay.
Japan's financial institutions report $4.28t in loans as of Feb 2025
It is a 3.1% increase from the same month last year.
More Gen Z Hong Kongers taking up revolving line accounts
New accounts granted to them more than doubled.
Thai finance operators tone down loan growth targets amidst asset quality concerns
They foresee a weaker-than-expected economic outlook in 2025
Vietnam calls on banks to enhance financing for Mekong Delta rice industry
Banks are asked to ensure no delays or denials in loan access for those with good business plans.
JCB now available in Google Play of Hong Kong and 4 SEA markets
JCB said it will continue to provide its cardmembers expanded accessibility.
Bank of Singapore names new head of Hong Kong’s investment solutions group
Joey Tang worked in the Bank of China (Hong Kong) and Citi prior to joining BOS.
PH banks and insurers face MSME credit gap, AI fraud, climate risk
Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Philippine banks and insurers called to pursue human-centred AI adoption
AI adoption should be centered on financial inclusion, customer experience, and personalisation.
Lady bankers need work-life balance, says UOB’s Choo Wan Sim
The flight stewardess turned bank digital head also highlighted the importance of mentors.
Digital wealth advisory Endowus introduces OTP verification
There’s also a Whatsapp OTP verification for customers logging in overseas.
HSBC Singapore unveil entertainment platform for Premier Mastercard clients
It offers preferential and exclusive access to certain shows.
Debt consolidation top reason why SG platform workers get loans
Their borrowing behavior shows that they lean on financing to bridge essentia lexpenses.
Metrobank’s net profit up 14% in 2024 on higher loans and deposits
Its pre-provisioning operating profit fell 11%, however.
New Zealand’s central bank governor resigns
Christian Hawkesby will serve as acting governor until 31 March 2025.
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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.
Commentary
The Asian connection: China's path to sustainable growth