Frances Gagua
AGTech acquires controlling stake in Ant Bank Macao for $30.23m
AGTech acquires controlling stake in Ant Bank Macao for $30.23m
AGTech now owns 51.15% of Ant Bank (Macao)'s issued shares.
PT Bank Permata launches travel, dining card for affluent clients
Priority customers can avail 20,000 airline miles, subject to conditions.
Woori’s billion-dollar insurance buys will have little impact on banking arm
Woori Bank is expected to maintain its asset quality, although NIM may narrow.
Banks must expand net zero targets, set clearer O&G goals: org
Japan, SoKor have yet to set medium and long-term targets aligned with a 1.5°C scenario.
PH banks’ loans up 10.4% in July
Growth of loans to residents slowed over the month.
Hong Kong fines WeChat Pay HK for legal breaches
WeChat Pay Hong Kong self-reported the case.
UNOBank pushes embedded finance in Philippines
The platform seeks to boost its digital banking business and expand financial services.
HSBC Singapore names James Coyle as independent non-exec director
Coyle had previously served on the boards of HSBC UK and HSBC Trust.
Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1
Interim dividend for the period is HK$0.57 per share.
Siam Commercial Bank unveils tap-to-pay service
It is available via the Mae Manee app.
MUFG boosts energy market presence with trading approvals, stake buy
It has clinched approvals from TOCOM and the Japan Securities Clearing Corporation.
Thaioil takes up sustainable deposits, linked swaps with SCB
Funds from deposits will support projects that reduce environmental impact.
India warns against fraudsters’ posing as central bank employees
They would use fake letterheads or threaten to close bank accounts.
Trust Bank set to be Singapore’s 4th largest retail bank by end-2024
It now has over 800,000 customers in the Lion City.
Trust Bank unveils cashback card with 15% bonus rate
Until 31 December, new customers get an unlimited cashback of 1.5%.
Mastercard pilots biometric payment authentication in India
Shoppers can use their fingerprint, face scan, or pin to confirm payment.
Real time payments, trade partnerships bolster Singapore’s digital trade sector
Its cross-border payment connections have enhanced its international trade competitiveness.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. Citi names Goldman Sachs banker as head of markets solutions in Asia South & North 5. The Asian connection: China's path to sustainable growthResource Center
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Cards & Payments
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
The Asian connection: China's path to sustainable growth