News
India’s credit and charge card payments market to grow 15.5% in 2024
India’s credit and charge card payments market to grow 15.5% in 2024
Credit and charge cards accounted for 75.7% of total card payment value in 2023.
Alipay+ sees overseas use of payment partner apps triple in 9M 2024
Spending for F&B, attractions, and transportation recorded double-digit increases.
Bank of Singapore winds down Luxembourg operations
It has pivoted its focus on deepening its UK presence and has named a new general manager.
Hong Kong Fintech Week 2024 kicks off on 28 October
InvestHK expects to draw about 30,000 attendees from 100 economies across the globe.
7 in 10 consumers use ‘financial gymnastics’ to maximise rewards
Credit cards remain to be the top choice, with 47% saying that this drives their usage decisions.
Taiwanese banks extend more loans in August
The average NPL ratio remained the same as the month prior.
More digital banks make a profit, but still face higher credit risks
As they grow, they shouldn’t rely on their parent companies to back them up.
Flooding impact on Thai banks ‘manageable’
Only a small number of branches have been affected.
Hang Seng bank declares third interim dividend of HK$1.2 per share
The payment date is on 12 November 2024.
3 in 5 use real-time cross-border payments to send money to family and friends
This is higher than those who use it to pay for goods and services.
Mizuho buys stake in fusion power tech firm Zap Energy
Mizuho said that this is part of its bid for carbon neutrality.
ING disbursed $35.37b in sustainable finance in Q2
EMEA represents a bulk of ING's sustainable finance activities.
DBS inks MOU with China trade promotion council to boost Asia trade, investment
DBS’ foreign direct investment unit will work with Chinese enterprises.
China property sector bailout to hit banks’ asset quality, solvency
Solving the issue of heightened inventory may cost 2.6% of China’s GDP.
DBS Hong Kong names Kuok Khoon Hua as independent non-exec director
The appointment is effective 7 October 2024.
Chart of the Week: Malaysia e-commerce sees rise in alternative payments
Brands such as GrabPay and ShopeePay are popular payment methods.
Taiwanese banks face potential revenue drop in 2025
Fee income will be supported by loan growth and reshoring activities.
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