News

South Korean SME lending slumps as bad loan write-offs slash June growth

Bank lending to large corporations rose slower in June, central bank data showed.
5 hours ago

Mortgage demand lifts Korea’s household loans by $5.05b in June

Unsecured loans rose, whilst leasehold deposit loans declined.
6 hours ago

ANZ customers spend $4.8b during FIFA World Cup on food and apparel

Spending rose for takeaway food, sporting apparel, bars, and hotels.
6 hours ago

Hang Seng Bank launches Prestige Club

Members get privileges and discounts in Hainan Airlines, China Mobile, amongst others.
3 days ago

GoTyme surpasses 10 million users with retail ATM strategy

Customers can deposit and withdraw cash in 2,500 Robinsons retail stores in the Philippines.
3 days ago

Hang Seng Bank joins Alipay+ network

Customers can make QR payments at over 100 million merchants through one mobile app.
3 days ago

HSBC pilots digital structured product issuance in Hong Kong

Pilot transaction tests faster issuance, settlement, and servicing for institutional investors.
3 days ago

Nine in 10 investors do not trust AI for investment decisions

Banks can respond by moving toward a hybrid advisory model.
4 days ago

JCB and Resona target hands-free bus payments in Japan

They plan to roll out UWB payments requiring no tapping or scanning.
4 days ago

Philippine bank loans rise 12.1% in May despite softer card and auto loans

Loans for manufacturing and trade activities rose during the month.
4 days ago

Metrobank cuts InstaPay and PESONet fees to zero

The BSP earlier directed local banks to bring interbank transfer fees closer to zero.
4 days ago

Hyundai Card completes cross-border stablecoin transfer in 7 minutes

The proof of concept converted $20,000 to USDT and back.
4 days ago

National Australia Bank insurance app cuts bushfire risk to 1.5%

Customers can use the free rating tool to identify property upgrades before the fire season.
4 days ago

Philippine central bank welcomes banks' move to cut fund transfer fees

An earlier circular directed banks to bring interbank transfer fees to zero.
5 days ago

Alipay links AI agent to 30 million Tap! devices

Merchant can talk to “Xiaoyu” and receive an analysis of their operations.
5 days ago

China bank assets grow 8% in Q1 despite rise in bad loans

Assets of large commercial banks grew faster than that of join-stock commercial banks.
5 days ago