News

Bank transfers, digital wallets spur Hong Kong's e-commerce market

The two methods are rising at CAGR of 12% and 11%, respectively.

South Korea parked $413b of investments in the US last year

The US was also the largest financial investor in South Korea.

Consumer spending to drive card payments in South Korea

The sector is posed to grow at a CAGR of 4.3% from 2019 to 2024.

Weekly Global News Wrap: US banks awash with $2t deposits; Wirecard ex-CEO arrested

And Canada’s banking regulator holds big banks’ capital buffers at 1%.

Chart of the Week: Australia's card payments to grow 5% CAGR in 2019-2024

Even small merchants are now pivoting to cashless payments, says GlobalData.

Missing Wirecard money not in the Philippine banking system

Lenders BDO and BPI have denied their involvement in the scandal.

Cambodia floats blockchain-based payments system

Users of the platform will see transaction time reduced to less than 5 seconds.

Thai central bank tells lenders to freeze dividend payments

Banks are required to prepare capital management plans for the next 1-3 years.

More investors back proposal to end Mizuho's coal lending

It could push Japanese banks to live up to promises of ending the practice.

Investments flood Singapore fintechs in April, May after quiet Q1

Total equity funding reached a record-high US$331m.

Philippine banks have solid defences against COVID-led risks: analysis

The resilience of large corporates is key to quelling credit losses.

Majority in Indonesia, Philippines and Vietnam to transact digitally by 2021

Faster funds transfer can add up to 0.5% in GDP growth for SEA.

Singapore investment banking fees plummet 49.4% in H1

Fees from completed M&A, ECM, DCM, and syndicated lending all registered declines.

Singapore to elevate hub status with new digital banking regulation

A more flexible Payment Services Act makes it easier for fintechs to apply full operations in Singapore.

APAC emerging market banks' fate rests on sovereign support: Fitch Ratings

They are likely to deteriorate deeper should governments fail to mitigate fiscal risks.