News
New Zealand opens ESAS application process to all interested entities
New Zealand opens ESAS application process to all interested entities
In general, applications will be assessed in the order they were received.
Alipay+ enables overseas tap-to-pay service for Kakao Pay users
Kakao Pay users can now make NFC payments at Mastercard merchants worldwide.
China CITIC Bank Int’l adjusts down HKD prime rate to 5.375%
This is 12.5 basis points lower than the previous 5.5% rate.
Bangkok Bank named custodian of $65.9m private fund
The fund is by PTT Savings and Credit Cooperative, Limited.
ZA Bank surpasses 1 million customers
The Hong Kong-based digital bank saw deposits and card transactions rise in H1.
SMBC’s Bengalaru branch commences operations
Satoshi Onoe serves as head of the branch.
MoneyHero Group returns to quarterly profitability in Q2 2025
Platform membership grew 33% whilst EBITDA loss improved as well.
India’s central bank establishes regulatory review cell
It will ensure the systemic internal review of regulations every 5-7 years.
Regulator urges stronger standards in Australia's private credit sector
A review found opaque remuneration and fee structures, amongst other concerns.
Chart of the Week: Hong Kong card payments to hit $233.5b by 2029
Growing preference for contactless payments will lift the value up.
SCB Easy App unavailable on 5 October 2025
The app is being upgraded during the period, SCB said.
SMBC Group, Jefferies to establish wholesale equities business in Japan
SMBC is also increasing its investment in Jefferies to up to 20%.
BSP probes bank accounts tied to flood control corruption
This comes after a department secretary filed an official request.
Philippine central bank limits daily cash withdrawals, transactions to $8,750
Transactions beyond that must be done through traceable channels like cheques, and online transfers.
Weekly Global News Wrap: Yes Bank ex-CEO charged; US banks cut rates
And a software used by Aussie banks’ is being tested for a possible teen social media ban.
CBA says RBA interchange reforms risk hurting Aussie firms
The Australian bank agreed that debit and credit surcharging should be eliminated.
SMBC to buy additional 4.2% stake in Yes Bank for $101.7m
It has already completed the acquisition for a 20% equity stake in the Indian bank.
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