Frances Gagua
India’s card payments market to grow 23.6% to $361.6b in 2023: analyst
India’s card payments market to grow 23.6% to $361.6b in 2023: analyst
Rising consumer spending will rally the market to extend 2022’s growth.
HSBC welcomes Hong Kong’s HK$100m bid to attract family office
Hong Kong is aiming to attract 200 family offices to set up shop in the city by 2025.
Weekly Global News Wrap: US regulators warn banks on liquidity risks from crypto deposits; Wells Fargo lays off hundreds of mortgage bankers
And Europe bank stocks could still rally higher, analysts said.
OCBC reports record net profit of S$5.75b in 2022
Full-year dividend is at 68 cents per share, 28% higher than in 2021.
UPI’s linkage to SG’s PayNow a step closer to global payment brand ambitions: analyst
UPI registered a 75.9% growth in 2022.
Thailand’s KBank eyes to be amongst Vietnam, Indonesia’s top banks
The bank aims to increase its international business income to 4% of its total net income.
Hang Seng Bank’s profits down 27% to HK$10.16b in 2022
The bank has announced a fourth interim dividend of HK$2 per share.
Judo Bank's rapid growth to continue despite inflation, competition
Competition and higher cost of funding are likely to curtail some margin benefit, says S&P.
Banks urged to integrate ESG data into IT systems: McKinsey
Banks must apply a use-case driven approach to introduce new ESG capabilities.
Hong Kong launches consultation for virtual asset trading platforms
The SFC is seeking views on whether to allow license platform operators to serve retail investors.
Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre
The 10,000-square-foot space is staffed by senior bankers and specialists.
Korean banks' plan to boost shareholder returns won't affect profits
The regulator is expected to stop any excessive payments.
High interest, lower demand to temper Bendigo and Adelaide Bank’s loan growth
BEN saw its loan growth contract 1.1% in H2 2022.
Chart of the Week: Cards account for 51% of e-commerce payments in the Philippines
The Philippines’ e-commerce market grew by 31.3% in 2022
Rising mortgage prepayment trend pressures Chinese banks’ profits
Households are taking a more conservative stance on home loan leverage, noted Fitch Ratings.
BOCHK adds UBS green investment fund to mobile platform
The fund has a 6% per annum dividend distribution and allocated 20/80 in stocks and bonds.
Fintechs scale back and fold as funding channels dissipate
The high interest rate, low growth environment has made VCs and private equities more selective on where to invest
Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
Why Asia's banks are rebuilding their credit infrastructure in 2026
Banks retreat, private credit advances: Asia Pacific’s quiet lending revolution
Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
Will stablecoins disrupt the banking business?
Digital transformation starts with leadership