Frances Gagua
India’s ecommerce payments to hit $147.3b in 2024
India’s ecommerce payments to hit $147.3b in 2024
E-commerce market value will reach $292.3b by 2028, says GlobalData.
Few banks capture tech spending benefits: report
Global tech spending on banking hit $650b in 2023, but few benefitted.
AusPayNet welcomes Aussie gov’t retirement of cheques by 2029
Cheques will cease being accepted by financial institutions by 2029
Aleta Planet provides cross-border payments for China’s Jinnan
Fintech Aleta Planet to provide cross-border payments for China’s Shanxi Jinnan Steel Group
South Korea's household loans up 0.9% in Q3
Total outstanding household credits was $1.28t as of end-September 2024.
South Korean banks’ delinquency rate fell in Sept 2024
The volume of newly delinquent loans shrank KRW0.5t during the month.
Philippine banking assoc unveil new interest rate swap market
The central bank expects PESO IRS to boost transactions.
India’s central bank warns against deepfake videos involving governor
The videos claim that its governor supports investment schemes.
Japan Post Bank posts $1.44b net income for H1 FY2025/3
This is 22.3% higher than the H1 period in FY2024/3.
SMFG reports $4.86b profit for H1 FY2024
Earnings per share (diluted) is JPY184.72 for the period.
OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses
Josephine Lee had served as wealth head for retail banking in Citi Hong Kong.
More tax perks could drive Philippine SMEs to go ‘green’
The Southeast Asian nation’s 1.1 million small businesses can be a target for green loans.
Mongolian banks to benefit from government’s improve support capacity
Eight banks retained their stable outlooks, according to Moody’s Ratings.
Six Bangladeshi banks grapple with higher NPLs and gov’t risks
Three banks will see more BNPLs; two banks face deteriorating asset quality.
Southeast Asia’s BNPL market to reach $53.2b by 2027
Malaysia, the Philippines, and Indonesia are the most promising markets.\
Atome Financial clinches $200m facility for SEA expansion plans
The digital payments platform reported that it turned EBITDA positive in Q1.
Norinchukin Bank reports JPY893.9b in losses for H1 FY2024
Its capital ratios have increased.
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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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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