Frances Gagua
Chart of the Week: 1 in 4 Filipinos have used BNPL services
Chart of the Week: 1 in 4 Filipinos have used BNPL services
The number of unique users rose by 40% as of end-2024.
Chocolate Finance to continue 3-6 day withdrawal time frame
It has not disclosed when it plans to return the instant liquidity feature.
GXS Savings Account’s maximum balance raised to S$95K
Interest rate is 2.38% for the Savings Pocket product.
OCBC CEO Helen Wong’s remuneration up 5.7% to S$12.8m in 2024
Her base salary is lower but her bonus is higher.
Westpac unveils block option that stops retail transactions
It can be activated via the Westpac app or online banking platform.
Trust Bank introduces money lock feature with digital unlocking capabilities
They need their app and card to unlock their money.
India revises priority sector lending guidelines
It broadened the purposes for renewable energy loans and revised UCB targets.
Japan’s SMBC enters partnership agreement with Avispa Fukuoka
It will introduce a scholarship program and promote use of sports data utilization.
Citi names Akira Hoshino as head of markets for Japan
Hoshino was head of FX and has led Citi’s rates sales since 2022.
Mannapuram Finance gets growth boost from Bain Capital’s stake acquisition
It will enable the Indian gold lender to invest in new age tech like AI, for example.
SG millennials, Gen Z want rewards customisation in credit cards
Over 1 in 2 said that being able to customize rewards will reduce the need to switch.
China’s ICBC still world’s most valuable bank brand: study
Brand value went up 10% during the year.
BC Payments clinches in-principle approval for MPI license in Singapore
The company plans to double its Singapore headcount over the next year.
DBS is 5th most valuable bank brand in APAC: study
Its brand value rose 56% to $17.2b.
OCBC unveils AI stock picker in Hong Kong
AI Oscar will send regular trading ideas on HK stocks via email to customers.
India and Nepal orgs ink MOU to develop investment banking sector
The MoU will be in effect for a period of 3 years.
HSBC nabs Deutsche banker for North Asia and HK head of Global Private Banking
She joins from Deutsche Bank.
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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