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Taiwan cards' revolving credit rise to NT$107.3b in March
There are over 37 million active credit cards on the island.
Taiwan cards' revolving credit rise to NT$107.3b in March
There are over 37 million active credit cards on the island.
OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76
Higher wealth management and insurance income pushed up fee income.
Chart of the WeekL 1 in 2 e-commerce purchases in New Zealand use payment cards
Cash accounted for just 3% of all e-commerce payments.
Taiwan’s domestic banks extended $1.23t in loans as of end-March
The average bad loans ratio is 0.16%.
OCBC courts Great Eastern with S$1.4b offer
The bank plans to increase its investment beyond its current 88.44% stake.
PH banks’ total assets expanded 9.2% to $439.3b in 2023
Both lending and investing activity grew during the period.
CIMB Thai’s de-risking and cost optimisation pays off
Moody’s Ratings says its asset quality, profitability and liquidity is “modest”.
TMT investment banking activity in APAC slated for growth in H2: Citi
Citi’s clients are “increasingly looking to raise capital” for growth and M&As, it said.
Citi combines in Japan, North Asia, and Australia clusters
This covers markets in East Asia, Australia, New Zealand, Hong Kong and Macau.
APAC Islamic banks continue upward trajectory with lift from new players
The launch of new Islamic players will improve access to financial services, says S&P.
DBS names Ping An Tech’s Eugene Huang as bank CIO
Huang led a team of 22,000 employees in Ping An to provide IT offerings.
Alipay+ expands to Nepal thru Nepal Clearing House partnership
Ten mobile wallets and bank apps can now pay using NEPALPAY QR.
PH fintech BillEase integrates QRPh in platform with AUB partnership
BillEase customers can now pay at over 600,000 QRPh-accepting merchants.
Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile
S&P expects the SML acquisition to be completed in mid-2024.
Ant Int'l inks MOU to ramp up Saudi Arabia expansion
The Ministry of Investment of Saudi Arabia formally expressed support for Ant’s plans.
National Australia Bank, Banked eyes boosting A2A payment adoption
Their tech enables Australian merchants to send PayTo Agreements to customers.
South Africa’s Absa Group expands to China
Absa Group will provide general advisory services to clients based in China.
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