Frances Gagua

More banks and institutions are exploring its use for payments and cross-border transfers.

Fund injection is meant to keep banking system liquidity reasonably ample, PBOC said.

They also set a fresh record for half-year increase in household loan value.

This is the first time that the city detected a money laundering case with cryptocurrency.

It will be used to extend foreign currency trade to local banks and businesses.

Banks' slow development of digital financial services may just give fintechs an edge.

According to Singapore’s largest bank DBS, the volume of cash deposits and withdrawals fell by an unprecedented 11% in the first 3 months of 2020, a 6% fall from where the figure had been since 2017. Coupled with extraordinary growth in the adoption of e-payments, it’s safe to say that COVID-19 has altered consumer behaviour—and fast. 

They need to pump money into lenders before selling them if they want to make them more attractive to potential buyers, reports S&P.

The rising number of COVID cases will delay the return to normal repayment schedules.

Rising household credit risks and tougher lending rules put a damper on lenders’ plans.

Managing directors are asked to fly coach for domestic travel.

Those secured by a mutual fund with an ESG rating of AAA or AA will have their advance ratio increased by 5 ppt.

The internet-only bank plans to launch mortgages and merchant loan products.

The number of active mobile wallets is expected to reach 439.7 million by 2025.

This is in line with the Pemulih stimulus package announced by the government.

They studied ways to expand to new markets, and refined marketing and growth strategies, amongst others.