Frances Gagua
Mastercard, NEC to offer in-store biometric payments in APAC
Mastercard, NEC to offer in-store biometric payments in APAC
This follows Mastercard’s Biometric Checkout Program, launched in Brazil in 2022.
Singapore, Indonesia launch cross-border QR payment linkage
Customers can now pay with the QRIS and NETS QR offered in the two countries.
Citi completes sale of Indonesia consumer business to UOB
This marks Citi’s ninth and final full consumer divestiture in Asia.
Singapore to pilot use of wholesale CBCDs in 2024: Menon
MAS is also rolling out GPRNT.AI, an ESG data platform for financial institutions.
Hong Kong lending market rebounds, but bad loans also rise: study
Customers seem to be choosing banks over money lenders.
Maybank eases cross-border fund transfers between SG, Malaysia
The bank added over 50 DuitNow participating institutions where customers can send money over.
Japan’s Mizuho Bank sees profits rise 24.4% in H1
Full year dividend is expected to be JPY100 for 2023.
Alipay+ now accepted at PayNet’s DuitNow QR merchants in Malaysia
Alipay+ will add more partners in the near future.
OCBC extends S$16m green-linked loan to textile and apparel company Ghim Li
The loan was made through the ESGpedia platform.
Singapore fintechs expand footprint in Australia through Project Lorikeet
The initiative aims to boost fintech trade and investment between Singapore and Australia.
Citi sells $3.6b China consumer wealth portfolio to HSBC
The deal does not include the bank’s institutional business.
DBS net profit up 18%; 48 cents interim dividend announced
Citi Taiwan contributed S$10b in loans.
Visa launches updated security roadmap for Hong Kong
Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged.
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate.
8 in 10 Singaporeans approve of proposed phishing scam accountability framework: poll
Over 4 in 5 says that financial institutions should be held most accountable for scams.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
