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1 in 4 e-commerce transactions in India use alternative payments
1 in 4 e-commerce transactions in India use alternative payments
Cash makes up barely 1 in 10 of transactions, according to GlobalData.
Mastercard and Alipay enable real-time remittance in over 180 markets
Alipay’s 1 billion users in China can now transfer and pay with over 150 currencies.
Hong Kong reports 8,600 average withdrawals per ATM in a month: study
Average usage levels per ATM is expected to rise as the number of ATMs decreases.
Are ATM cash withdrawals making a comeback?
About 2 in 3 markets studied saw ATM withdrawals rise as inflation squeezes on income.
AlipayHK users benefit from Blue Cross travel insurance promotion
Travellers can purchase a five-day travel insurance plan for HK$1.
Philippine neobank Zed offers credit card with no interest and no annual fees
It has reportedly received 25,000 sign-ups within three weeks.
Citi names Marc Luet as Asia North & Australia Cluster and Banking Head
Luet replaces Angel Ng, who is retiring on 5 April after 26 years with the bank.
ZA Bank has detected HK$4b of suspicious financial activities
Its real-time fraud monitoring system screens 100,000 transactions per day.
Taiwan credit card firms’ hold $3.34b in revolving credit as of January 2024
A total of 37.89 million cards are active as of end-January, according to official data.
Korea’s credit finance companies’ net income 20.7% lower in 2023
Total revenues rose, but so did expenses and bad loans coverage.
EXIM Thailand inks MOU with SINSOURE; to provide risk, investment support
It aims to facilitate market penetration for Thai and Chinese exporters.
South Korean credit card firms report $1.93b net income for 2023
Total revenue and expenses rose during the period.
South Korean domestic banks’ earnings rose 15% in 2023
Banks are bracing for more bad loans and raised their allowance for bad debts.
BDO reports 28% higher net income of $1.32b in 2023
Consumer loans and deposits both rose during the period.
BOCHK warns of fraudulent website in phishing scheme
The case has been reported to Hong Kong authorities.
Game changer: Gen AI can transform how banks tackle regulation and risk
Banks are advised to prepare a catalog of prod ready gen AI services and solutions.
Strong liquidity, moderate risk to prop up Gunma’s “weak yet improving” profits
Gunma Bank’s problem loan ratio has improved to 1.6%, from 2.3% previously.
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