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What's in store for payments in 2025?
What's in store for payments in 2025?
In emerging markets, digital wallets are evolving into bank account substitutes.
NRIC numbers alone cannot initiate payments, fund transfers: ABS
ABS advised customers to change their login passwords if they are using their NRIC number.
Financial services professionals more optimistic about bonuses in 2025: report
The largest expected bonus increases are projected for professionals in private credit.
167 financial services firms adopt AI initiatives: report
Nearly 80% financial services companies have launched at least one AI initiative.
ZA Bank’s Rate Watch offers $114 for lower interest proof
Users can still receive up to $24.20 even if a loan application is unsuccessful.
South Korean banks' delinquency rate inches up to 0.48% in October
Resolved loans decreased by $1.8b month-on-month.
Global cryptocurrency market to growth by $34.5b in 2028
Key driver includes increased investment in digital assets.
Reserve Bank of New Zealand calls for increased efforts in financial inclusion
According to the World Bank, around 50,000 New Zealanders remain unbanked.
JCB expands payment options for UK travel application
This ensures a seamless application process for its 158 million cardholders globally.
PCG, Black Bear Merchant Services team up to launch AbbyPay
It plans to expand to Japan, Singapore, Malaysia, and Thailand.
RACQ to sell 90% of insurance business to IAG
If completed, the transaction alter the strategic positioning of the broader group.
Japanese regional banks' gross profits rises to $150.3m in September
Net interest income also grew to $137.75m.
What are the must-have banking features by 2027?
Over 60% of respondents in Australia, China, and India find credit-building tools to be useful.
IFC, HSBC team up to introduce $1b risk-sharing facility
It is part of IFC's Global Trade Liquidity Programme.
Singapore needs layered strategy against fraud
Scam and cybercrime cases in the city-state rose 18% to 28,751 in the first half.
South Korean industrial lending rises by $12.14b in Q3 2024
Lending for working capital rose by $2.16b (KRW 3.1t).
National Bank of Cambodia, Mastercard team up to launch Bakong Tourists App
Tourists can top up their account by linking it to their Mastercard.
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The Hong Kong-based digital bank was awarded for its efforts in driving innovation in digital banking.
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