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Alipay+ and PPMI link up to accept international wallets on QR Ph
Alipay+ and PPMI link up to accept international wallets on QR Ph
Alipay+ is now connected to over 10 national QR schemes.
KBZ Bank and TrueMoney link up to enable direct transfer services
It is expected to benefit Myanmar migrant workers in Thailand.
Singapore proposes new stablecoin rules
Changes cover foreign token recognition, interest bans, and stress testing.
UnionBank to inject up to $15.96m into subsidiary City Savings Bank
The infusion is subject to regulatory approvals.
RCBC appoints Cathay risk veteran Hua-Sheng Yang as director
Yang will join RCBC’s related party transactions committee.
CashnGo fined $2.5m for secret account monitoring and unfair contract terms
CashnGo admitted to 658,000 contraventions during debt collection.
BSP offers rural banks free 3-year cloud banking system subscription
It is expected to help rural banks streamline operations and strengthen cybersecurity.
BEA and Anchorpoint Financial explore HKD stablecoin payments
They will test commercial applications for regulated tokenised money in Hong Kong.
MUFG joins 21 banks globally to form stablecoin company
It will initially focus on a USD-denominated stablecoin offering.
Philippine banks trade transfer fees for customer loyalty
Lower transfer costs could accelerate digital payments, but banks must turn higher usage into deposits, lending, and broader product adoption.
Citi boosts North Asia & Japan corporate desk headcount by 25%
It is also expanding its dedicated China desk network to Brazil and Europe.
Banks rethink legacy IT costs to fund AI
Banks are rethinking legacy technology spending and vendor strategies to free capital for AI whilst keeping operations resilient.
Crédit Agricole CIB appoints Nicolas Vix as APAC senior regional officer
Vix has been with the bank since 1988 and was named senior country officer for China in 2019.
Maybank profit meets estimates as NOII swings 165% in Q2 recovery
NOII contracted 15% in H1 but recovered 165% in Q2 compared to Q1.
UOB Private Bank hires Dominique Boer as ASEAN regional market head
Boer is tasked with leading the growth and strategic development of the ASEAN franchise.
Singapore and Indonesia to launch Rupiah-SGD settlement framework
DBS, OCBC and UOB are Singapore's appointed dealers under the framework, which follows a 2022 MOU.
Singapore commits $173m to deepen fintech innovation
The three-year programme will support frontier tech, and financial infrastructure.
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1. Singapore opens door to foreign stablecoins under tighter rules 2. Maybank deploys AI to prevent banking disruptions 3. Standard Chartered says smarter AI use beats cutting-edge tech 4. HSBC Private Bank trains wealthy heirs to tackle succession risks 5. Paymentology partners with AUB on digital paymentsResource Center
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