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.
17 hours ago

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

Unsecured loans rose, whilst leasehold deposit loans declined.
18 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.
18 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