News
KPay raises $55m in series A funding round
KPay raises $55m in series A funding round
It will use the funds for M&A opportunities and to double its partnerships.
India’s Navi Finserv now allowed to sanction, disburse loans
The central bank said that it is satisfied with Navi Finserv’s revamped processes and systems.
Deutsche Bank unveils Merchant Solutions in Australia, India, Indonesia, and SoKor
It is a global payment acceptance platform that gives access to local payment methods in a market.
Indian banks told to bring down number of inoperative, frozen accounts
Many of these result from banks’ backlog in their period verification of bank accounts.
Public Bank Group's net profit climbs by 12.4% to $427.36m in Q3 2024
Earnings per share stood at 9.85 sen.
BSP underscores PH's potential as investment destination for Islamic finance
This is thanks to the country's drive for financial inclusion and robust economy amongst others.
DBS, IMDA future-proof SMEs with Spark GenAI
The bank plans to engage 50,000 businesses over the next two years.
Global body eyes broader use of unique ID by SMEs
Cross-border payments, supply chain and trade, and ESG will drive greater adoption.
Siam Commercial Bank inks MOU with Thailand Privilege Card
It will provide financing and investment services to card members.
SMEs, crypto regulations key to Bahrain’s fintech ambitions
Stablecoins and crypto payments are areas of interest for the central bank.
JPMorgan Chase Bank fined $2.4m for oversight lapses in bond transactions
The bank had already paid the civil penalty.
Philippine bank loans up 10.6% in October
Consumer loans grew by 23.6% in the same month.
Mizuho Bank absorbs subsidiary to streamline operations
This aims to enhance the bank's call centres and online services.
MUFG Bank to acquire robo-advisor WealthNavi for $662m
The bank is offering 1,950 yen per share.
MUFG Bank sells 25% stake in Home Credit PH for JPY26.5b
Security Bank, which is 20% MUFG-owned, is buying the HCPH stake.
Malaysia logs 5.1% non-bank sector credit growth in October
Business loans and corporate bonds boosted credit for the month.
Hong Kong total deposits up 5.8% YTD in October
Hong Kong dollar deposits grew, but renminbi remittances fell.
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1. OCBC scales regional SME support with S$25b sustainable finance goal 2. ASIC scam takedowns jump 90% as Australians’ losses hit $2.18b 3. MUFG breaks ground on new HQ with 2030 target completion 4. Standard Chartered unveils first-ever Global Fusion Centre in Malaysia 5. Philippines cash holds 42% of POS payments despite e-wallet riseResource Center
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