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Vietnam records 103 million domestic cards, emphasises cashless scheme
Vietnam records 103 million domestic cards, emphasises cashless scheme
The government has been promoting a cashless payment scheme in line with its national financial inclusion strategy.
Total loans in Hong Kong down 1.7% in August
Total deposits rose by 0.6% during the month, however.
Refinancing loans drive up mortgages by 26.9% in August
Mortgages for financing new homes or primary market transactions fell 19.8%.
Hong Kong warns of fraudulent phone calls posting as central bank staff
The fraudsters would request banking details in the guise of canceling a fake membership.
Alternative payments dominate India’s e-commerce payments
Mobile and digital wallets make up 58.1% of all e-commerce payments in 2023.
Bank of East Asia redesigns Mongkok branch
The bank has created a digital zone at the ground floor.
Singapore’s fintech to contribute 3.6% in 2027
In 2022, the country also had the largest investment attractiveness at 41.1%.
Hong Kong’s Mox unveils unlimited cashback rewards, new wealth platform
The virtual-only bank is also gearing up to launch a new app interface.
Ant Group unveils new Singapore office, launches foundation
Ant also pledged to increase investments for cutting-edge tech to enhance trust and efficiency of digital commerce.
Vietnam’s Techcombank opens two new HQs in Hanoi, Ho Chi Minh
The buildings are energy-efficient and wholly owned by the bank.
JCB unveils special Hokkaido shopping offers for foreign cardmembers
JCB cardmembers with plastics issued outside Japan will enjoy special shopping offers.
MAS teams up with BIS, Swiss and France central banks to test wholesale CBDCs
Project Mariana used DeFi technology concepts on a public blockchain.
HSBC SG unveils blockchain workflow solution for property developers
It enables developers to fully automate their payments and digitalise their workflows.
MUFG names ex-JPMorgan banker as managing director of GCIB China
He has served several senior roles in JPMorgan Chase Bank China.
Singapore probing banks’ involvement in $1.75b money laundering scandal: report
MAS says it's "too early to tell" if FIs involved adhered to ML requirements or not.
AIIB’s members tally 109
Member countries accumulate about 81% of the global population.
Deutsche Bank increases South Korean capital
The bank added EU150m in capital allocation for its Seoul branch.
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