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Visa tokens bring $15b to Asia Pacific digital commerce in 2023
Visa tokens bring $15b to Asia Pacific digital commerce in 2023
The company said Visa token issued has so far reached 1 billion.
Natixis IM names Mark Kwek as head of wholesale in SEA
Kwek joins from JPMorgan Asset Management.
Hong Kong’s ZA Bank kicks off dedicated banking services for stablecoin issuers
The bank has surpassed $1b in transfer turnover to Web3 clients.
BOK joins project exploring use of tokenisation to improve cross-border payments
Seven other central banks globally have joined the project.
Australia’s Defence Bank lending strategy buoys strong asset quality
The bank’s problem loans will remain below 0.5%, says Moody’s.
StanChart’s SC Ventures and NEXT176 unveil Shariah-compliant wealth platform
It will merge SC Ventures’ Autumn with NEXT176’s 22seven into one new platform.
Weekly Global News Wrap: Nomura eyes $10b US credit portfolio in 10 years; UBS CEO earned $15.9m
And JPMorgan Chase revamps investment banking and capital markets leadership.
POS terminals, e-commerce drive up card usage in Australia
Value added benefits like rewards points and discounts have made cards attractive.
Japan’s SMBC opens a branch in India’s GIFT City
The branch is slated to open in the first half of 2024.
Average interest rates of new bank deposits in South Korea declines
Interest rates of new loans are also lower in February.
Indian banks’ profits dragged by rising costs and tightening money supply
Deposit growth and credit growth will slow, impacting banks’ margins.
Brunei, Laos central banks formally join Regional Payment Connectivity Initiative
There are now a total of eight ASEAN central banks in the regional payment link.
GXS FlexiLoan customers have saved S$4m in interest: GXS Bank
The loan’s interest is calculated daily based on the outstanding balance the day before.
Unacash unveils installment loans in the Philippines
Customers can apply for loans up to approximately $886.
Embedded finance market to double in four years
The industry’s growth is seen to continue at least in the next four years, mainly due to the B2B market.
GXBank's Raya campaign offers 5% daily interest on savings pockets
The campaign will run from 10 April to 9 May.
PH-based Allbank and Salmon Group unveil QR PH-enabled payment solution
It eliminates the need to input details manually for traditional payments.
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