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Aspire receives IPA for the Major Payment Institution license
Aspire receives IPA for the Major Payment Institution license
This supports the company's goal to build a user-friendly financial platform.
OCBC teams up with Disneyto boost new customer growth in SEA
OCBC teams up with Disneyto boost new customer growth in SEA
The collaboration will kick off in Singapore with the soft launch of the OCBC MyOwn Account.
Vietnam’s debit card payments market to be worth $65.6b in 2028
Vietnam’s debit card payments market to be worth $65.6b in 2028
The rising number of banked Vietnamese is pushing up adoption, although payment usage remains low.
Tighter policies drag South Korean household loan growth in September
Tighter policies drag South Korean household loan growth in September
Banks have supposedly stepped up their efforts to manage household debt.
Japan and Indonesia renew their bilateral swap agreement
Japan and Indonesia renew their bilateral swap agreement
The size of the BSA is up to $22.76b or its equivalent Japanese yen.
Taiwan credit cards’ balance rose in August
Taiwan credit cards’ balance rose in August
But the amount of monthly retail sales was 7.96% lower than in July 2024.
SME loans in Taiwan rose in August
SME loans in Taiwan rose in August
A total of NT$10.17t loans has been extended to SMEs.
Overseas Filipinos’ remittances up 3.3% to $3.2b in August
Overseas Filipinos’ remittances up 3.3% to $3.2b in August
Cash remittances coursed through banks rose by 3.2% during the month.
Cambodia enables QR payments from foreign e-wallets through Alipay+
Cambodia enables QR payments from foreign e-wallets through Alipay+
They can now make payments in over 1 million Cambodian merchants.
ING names Uday Sareen as APAC chief exec and head of wholesale banking
ING names Uday Sareen as APAC chief exec and head of wholesale banking
He first joined ING in 2007.
Singapore fintech funding down 10% to $208m in Q3
Singapore fintech funding down 10% to $208m in Q3
The drop is in line with overall tech startup funding in Singapore.
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly.
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Genting Singapore net profit down 5% to $578.9m in FY2027
![Genting Singapore net profit down 5% to $578.9m in FY2027]()
Revenue rose 5% to over $2.5b.
Zhongxin Fruit and Juice records $4m net profit in HY2025
![Zhongxin Fruit and Juice records $4m net profit in HY2025]()
However, the gross profit margin decreased to 16.3% from 18.4%.
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