News

Cards gain traction in cash-heavy Japan

Cards gain traction in cash-heavy Japan

Total card payments value will hit over $750b by 2022, according to analysts.

Malaysian banks still struggle with sluggish loan growth

Loans grew by just 3.8% in September amidst persistent weakness in business loans.

Chinese banks risk losing $61b revenue in payments by 2025

Digital payments and non-banking payment service providers are displacing them.

Thai banks hit by sluggish growth

Earnings rose by a marginal 1% in Q3.

Job-hopping banking tech talents in Singapore could command up to 15% raise

They are in hot demand as the city prepares to grant virtual bank licenses.

Australian banks may issue euro bonds to meet capital requirements

They will need to raise $34.32-41.87b worth of Tier-2 capital by 2024.

RuPay ends Mastercard and Visa duopoly in India

The number of debit cards issued hit 605.3 million.

Philippines pushes for national QR code standard

The National Quick Response (QR) Code Standard aims to boost financial inclusion.

Hong Kong bank profits may take hit amidst protests: report

Asset quality will also weaken, according to analysts.

1 in 3 senior financial officers worried about global recession risks

27% flagged the impact of trade tariffs on their businesses.

Will swelling private sector debt threaten Malaysian banks?

Private sector debt as a share of GDP is tipped to hit 153% by end-2019.

Japanese banks to undergo stress test to assess defenses: source

The banks' capital and liquidity positions will be evaluated.

Philippine banks' real estate exposure grows in Q2

It accounted for nearly a fifth of total loans in June.

Monthly transactions in PayNow cross $1b mark

Over 3 million in combined mobile and NRIC numbers are registered to the service.