Frances Gagua

Asia’s fintech transactions to reach $19t by 2025: UnaFinancial

Asian fintech transactions reached $16.8t in 2024, according to the report.

Financial fragmentation threatens bank profits and lending

Globally, it can lead to nearly 280 million fewer jobs by 2030.

Thai banks have room to improve costs, loans in 2025: UOBKH

But loans extended to SMEs will continue to remain sluggish in quality.

Visa’s net revenue up 10% to $9.5b in Q1; cash dividend is $0.59 per stock

It identified consumer payments and value-added services amongst its growth levers.

Cambodia sees progress in responsible lending: officials

Of 22 priority actions, 4 are complete and 15 are ongoing, the statement said.

Here’s how ISO 20022 adoption impacted DBS Bank

It reportedly improved payments processing and regulatory compliance.

Malaysia fines AmBank for investment transaction breaches

AmBank failed to obtain approval for the transactions, the BNM said.

Alipay+ now connects over 1.6 billion users of 35 e-wallets, banks

The platform recently welcomed Kaspi.kz and BigPay.

Hong Kong’s total loans down 2.8% in 2024

Loans for use outside Hong Kong dropped by 1.3% in December.

Home loans in negative equity dropped to $25.03b in Dec 2024

The number of cases fell, but the three-month delinquency ratio rose.

Hong Kong’s total deposits up 7.1% in 2024

Renminbi deposits fell, whilst RMB remittance rose in December.

Bangkok Bank nets 8.6% net profit rise in 2024

It attributed this to the recovery of tourism and exports.

RHB kiosks replace debit cards on the spot

The machines have handled 70% of the Malaysian lender’s card replacements.

Southeast Asian banks’ face mixed outcomes from shallower rate decline

Philippine and Singapore banks will be key beneficiaries if rates are higher.

HDFC Bank’s profit after tax up 12.3% for 9M FY2024/25

For the quarter ended Dec 2024, consolidated PAT was 13.6% higher.

RBI supersedes board of Aviom India Housing Finance

Punjab National Bank’s ex-CGM Shri Ram Kumar appointed as administrator.