Frances Gagua
Malaysia and Thailand to strengthen joint efforts in cybersecurity
Malaysia and Thailand to strengthen joint efforts in cybersecurity
They aim to enable more effective information sharing and capacity building.
Hong Kong rolls out new measures against fraud and mule accounts
The central bank will roll-out an updated platform for banks to exchange information.
Money transfer firm Wise hiring hundreds of roles in Hyderabad
It will launch a new hub in the city in the second half of 2025.
JCB expands payment acceptance to Apple services of 7 Asian markets
Cardholders can now pay for their Apple purchases in these seven markets.
Aleta Planet unveils digital payment app for Muslim merchants
It offers no transaction fees for 24 months and cashbacks for merchants.
Instapay and Mastercard enable near-real time remittance to 6 Asian countries
It will enable 3 million migrant workers in Malaysia to remit funds in local currencies.
Global Top 25 banks market cap up 20.1% to $4.7t; China Big 4, DBS rise
HSBC also recorded a double digit increase in its market cap.
Philippine central bank gears up for instant cross-border transfers
Monetary authorities in Asia are about to bring Project Nexus to market.
HSBC Singapore launches premium credit card for wealthy clients
It offers perks such as access to private clubs and members-only lounges in APAC, Europe, and the US.
7 in 10 Hong Kongers pick digital banks for crypto trading on convenience, regulatory concerns
They like the convenience of being able to trade directly using an existing digital bank app.
OCBC-backed working group unveils coal financing transition guidelines
It introduces best principles into the financing phase out of coal-fired power plants.
BofA’s AI virtual assistant Erica halves IT service desk calls
It plans to incorporate gen AI in Erica for coding assistance and report synthesis.
India’s Axis Bank unveils in-app mobile OTP feature
Instead of text messages, clients can get their OTPs via their app.
Aussie business-loan provider Bizcap officially launches Singapore operations
Bizcap will provide loans to small and medium enterprises of between $5,000 to $500,000.
GXS Bank launches preferential rates for homeowners under Reno Club
Customers can access exclusive deals from Grab, Singtel, and other partners.
Standard Chartered names David Hardoon as global head of AI enablement
Hardoon reportedly helped develop the Singapore central bank’s AI strategy.
JuanHand drives embedded lending with e-commerce tie-ups
The lending app only requires an ID, a smartphone, and an internet connection.
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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