News
Alipay+ expands to Nepal thru Nepal Clearing House partnership
Alipay+ expands to Nepal thru Nepal Clearing House partnership
Ten mobile wallets and bank apps can now pay using NEPALPAY QR.
PH fintech BillEase integrates QRPh in platform with AUB partnership
BillEase customers can now pay at over 600,000 QRPh-accepting merchants.
Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile
S&P expects the SML acquisition to be completed in mid-2024.
Ant Int'l inks MOU to ramp up Saudi Arabia expansion
The Ministry of Investment of Saudi Arabia formally expressed support for Ant’s plans.
National Australia Bank, Banked eyes boosting A2A payment adoption
Their tech enables Australian merchants to send PayTo Agreements to customers.
South Africa’s Absa Group expands to China
Absa Group will provide general advisory services to clients based in China.
India’s ICICI enables non-resident Indian customers to make UPI payments
The service is available through the iMobile Pay app.
Chinese banks dominant whilst Japan, South Korean banks’ assets falter
Australian and Singaporean banks’ assets remained steady, S&P’s study showed.
Citi names Damien Tan as head of corporate bank for Singapore
Tan was previously head of local corporates for Citi Singapore.
DBS CEO Piyush Gupta sells S$2.69m bank shares
He still holds over 2.715 million shares in DBS.
UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips
Trading and investment income hit a record high, however.
UOB to maintain good asset quality amidst profitability dip
The bank is also expected to have a steady core capital ratio.
DBS to maintain strong solvency, robust funding: Moody’s
It is anticipated to sustain high profitability with return on assets of around 1.3%.
Olea, Standard Chartered forge alliance to empower SMEs
The alliance signals a proactive effort to support SMEs by leveraging digital innovation and financial services.
Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 May
Over 7,000 cyclists are expected to participate at the OCBC Cycle 2024.
OCBC remains stable amidst strong credit fundamentals: Moody's
This will be backed by healthy credit standing.
GX Bank, Zurich Malaysia ink 10-year bancassurance partnership
They will co-create micro digital insurance products for Malaysians.
Commentary
APAC has mastered domestic payments. The next challenge is connecting them.
Why fragmented communications are becoming a hidden governance risk for Asia Pacific banks
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer