Frances Gagua
Hong Kong’s ZA Bank launch new credit card repayment feature
Hong Kong’s ZA Bank launch new credit card repayment feature
Users can pay their credit card bills issued by any bank through ZA Bank, for a period of up to 72 months.
Security Bank posts net profit of $61.35m in H1
Net interest income and non-interest income both fell compared to H1 2020.
Chart of the Week: Thai card payments market to shrink 3.5% in 2021
Recovery is not expected to begin until end-2022, says GlobalData.
Hong Kong neobank ZA Bank launches early payday product
Users can get their monthly payroll up to seven days in advance, interest-free.
New Zealand’s expected interest rate hike to raise banks’ profits: Fitch
However, its impact on earnings may take some time to rise as mortgages are not yet due.
Citi named top international IPO bank in APAC ex Japan
The bank said that it has raised over $30b from IPOs for its Asian clients.
Mizuho, IFC inks MOU to establish carbon facility
It will facilitate the purchase and sale of voluntary carbon credits.
Bank of East Asia unveils UnionPay QR code cash withdrawal service
All BEA ATMs in Hong Kong will offer this service.
Vietnamese neobank Timo partners with Mambu to offer cloud-core banking services
Vietnam’s banking industry is ripe for disruption with low financial inclusion but high smartphone ownership.
Hacker returns $260m of stolen crypto tokens to Poly Network
About $354m in crypto funds, mostly Ethereum tokens, are yet to be returned.
HSBC Singapore unveils enhanced int'l benefits for premier customers
Customers’ immediate family can enjoy a suite of benefits with no minimum balance required.
Japan’s bank lending slowest in nine years: report
The slowdown reflects sluggish consumption as households hoard cash.
COVID resurgences pose risks to APAC’s structured finance deals
Deals in India, Australia, Japan, and South Korea are the ones at most risk.
India’s COVID surge to impede borrowers’ debt repayment capacity: Moody’s
The economy will return to growth by end of the fiscal year, but asset quality will remain in doldrums.
Singapore fintech investments reach $614.2m in H1 with smaller deals
The total transaction value is smaller than in H1 2020 but deal numbers are at a three-year high.
Improved outlooks on the horizon for Chinese finance companies
Policies to slow debt growth and control property prices appear to be working, abating economic risks.
South Korea card payments up 7% in July despite COVID resurgence
Online card payments are 28% higher than in July 2020.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 4. Bank of America appoints Phil Carmalt as head of APAC GPS 5. HSBC Singapore unveils wealth centre at The Star Vista mallResource Center
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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