Managers of Wealth Asia Pacific

Singapore banks to benefit from pick-up in credit growth this year: CGS-CIMB

They are also forecasting DBS to report lower impairments, and OCBC's non-performing loans to trend upwards to 2.5 per cent to 3.5 per cent in FY21.

Maybank named among Cambodia’s best banks

Among the best features of the bank which lead to international recognitions are the FX services, Maybank2U (M2U) mobile app and Maybank 2E cash management solution.

HSBC breakup will turbocharge CEO’s Asian pivot

The division’s $21 billion in consumer loans implies a tangible book value of $1.6 billion, based on the capital typically carried by other U.S. retail banks.

BRI Partners Alipay in Indonesia

BRI will focus on areas most visited by Chinese tourists, including Bali, Batam and Manado, before expanding the acceptance of Alipay across its network of merchants using QRIS.

S. Korea picks 11 banks as liquidity provider in won-yuan direct trading market

The direct transaction market between the South Korean won and the Chinese yuan was launched here in 2014 to boost payments and settlements in trade using both currencies and lower the exchange rate-related risks.

PBoC Calls for Payment Focus in Ant Overhaul

The mainland central bank also called for a timetable as soon as possible and to understand the need for the overhaul.

Malaysia’s financial sector braces for competition from digital banks

Usually, announcement of the winners takes a year after a licensing framework is launched.

Australian domestic payment schemes to merge

The merger is the result of a review by the Reserve bank of Australian which noted consolidation of some domestic payment groups should be considered.

ANZ enters joint-venture with Worldline to provide leading payments technology and merchant services in Australia

It currently provides acquiring, payment processing, point-of-sale and other payment solutions to one million merchants and 1,200 banks and financial institutions globally.

Major step forward for digital renminbi: China Daily

The paper says that digital currencies are expected to take centre stage, with the advent of the digital economy era.

CBA collaborates with Qld Govt to offer contactless payments to commuters

New payment technology rolls out for Gold Coast Light Rail commuters in South East Queensland, supporting traditional cash and go card.

UnionBank, Standard Chartered pioneer Philippine bond tokenization

Digital platform provides retail investors easy access to 9 billion peso issuance

Westpac sells Pacific businesses

The sale price also includes earn-out payments of up to $45 million which are scheduled to occur annually over 24 months following completion and are subject to the business performance of Westpac Fiji.

Westpac sells Pacific businesses

The sale price is made up of $315 million payable at completion and $60 million to be paid six-monthly over the following 18 months for Westpac PNG.

UOB to Launch FX Engine

«It remains a key priority for MAS to further broaden and deepen our FX market, and we welcome more buy-side participants to join the fast-growing FX e-trading ecosystem in Singapore,»

China Zheshang Bank to open wealth management subsidiary

The issuance of public and private funding products and offering economic advisory and consulting services are among the subsidiary's business space.

YES Bank implements SMS Pay functionality on POS terminals

SMS Pay is a step towards facilitating merchants to accept remote payments on their POS machines and enabling their customers to transact safely from the comfort of their homes.

ICICI Bank crosses Rs. 2 Trillion mark in Mortgage Portfolio

Coupled with making the entire mortgage process digital, ICICI Bank has been leveraging Big Data analytics to offer loans—fresh loans, top ups and balance transfer-- instantly to millions of pre-approved customers.

NAB taps six managers for $750m hybrid deal

The notes will qualify as additional Tier 1 capital for NAB and the bank said it would use the proceeds for general corporate purposes.

Maybank claiming RM113.9m from Scomi Group

The assets and liabilities of Scomi Engineering and its subsidiaries, which include Scomi Rail, have been deconsolidated from Scomi Group’s consolidated financial statement as at June 30,2019.

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