News
SCB consolidates retail units under new consumer banking group
SCB consolidates retail units under new consumer banking group
It is overhauling its branches as well as upskilling branch staff and relationship managers.
Philippine cash remittances up 3% to $3.18b in July
Cumulative cash remittances for the January-July 2025 period is now at $19.93b.
CIMB Singapore rolls out card for sole proprietors and SME owners
It offers zero FX fees and complimentary airport lounge access.
HSBC Private Bank rolls out gen AI platform for wealth management staff
It summarises the bank’s research reports and external news feed.
PayPay expands reach to 2 million South Korea stores via Alipay+ gateway
Users must complete identity verification on the PayPay app in Japan.
Standard Chartered Singapore posts 13.7% rise in H1 2025 net profit
However, total operating expenses also widened by 5.2%.
Bank of Commerce PH upgrades system of 140 branches and ATMs
The Philippine bank teamed up with InfoSys and IBM to roll out the upgrade.
Chart of the Week: Debit card fuel growth of Australia’s card payments market
Australians are choosing to spend within their means instead of accruing debt.
Hong Kong’s PAObank to offer free travel insurance to new customers
New customers must use the referral code "PAOBPR" to avail of the insurance.
RBA sets out plan to make payments system ‘anti-fragile’
It has also warned that delays in encryption and contingency plans risk fraud and disruption.
Alipay+ Voyager customers can book Grab rides in their e-wallets
The service is available to users of Alipay, AlipayHK, and GCash.
Citi’s new Singapore head is first local to hold the position in 50 years
Lee Lung Nien has been with Citi for 35 years.
ASIC eases disclosure rules on deposit rates for banks
The relief is extended until 1 October 2030.
China and Indonesia pilot cross-border QR payments
Selected users from China can now make QR payments in Indonesia using UnionPay and Alipay apps.
SMBC names Sridhar Srinivasan as APAC transaction banking COO
He will be based in Singapore.
ANZ fined $240m for incorrect trading reporting and misconduct
This is the largest ever announced by ASIC against one entity.
ANZ’s CRO Kevin Corbally to step down
He will serve as the Managing Director of Capital Management of the bank’s Institutional Division.
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