Payments, fintech and the money moves powering Asia's retail economy.
Property, casualty and health premiums in Taiwan are projected to expand 4.8 per cent annually through 2036 as slower life insurance growth shifts carrier priorities.
HSBC Private Bank recently revealed the induction of Edward Chiu as the Market Head for Onshore Taiwan, effective from June 1, 2026. This is part of their strategy to fortify their onshore operations in Taiwan. Edward Chiu brings over two decades of exemplary…
Chelsea Chu, a veteran banking executive, has been appointed to head the corporate banking division of the American financial institution, Citi, in Taiwan. Based out of Taipei, Chu is expected to leverage her considerable experience in banking to enhance the…
Taiwan’s credit card payments sector is on the brink of substantial growth, projected to see an impressive 7% increase by 2025, reaching a staggering $156.2 billion (TWD 5 trillion), as evidenced by findings from GlobalData. This upward trajectory is…
Citi’s institutional business in Taiwan saw a significant acceleration in 2021 with numerous transactions across industries including technology, consumer, renewables, and financial services. Citi’s Taiwanese institutional clients have been ramping up their…
CTBC Bank will implement Avaloq’s core banking solution internationally, starting from its business units in Hong Kong and Singapore. CTBC is consolidating and upgrade its international business on the Avaloq Core platform, in a bid to improve day-to-day…
America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale…
The digital wallet and fintech service for messaging app Line will allow people from Japan, Korea and Thailand to use their local mobile payment services when in Taiwan. Line Pay has announced a cross-border mobile payment alliance to connect the ecosystems…
Exports have continued to fall for a second month, but at a steeper rate, confirming concerns raised by Finance Minister Hong Nam-ki earlier this week. Although Korea succeeded in posting a trade surplus for the 84th consecutive month, a new record, exports…
Citi Private Bank appointed Sally Yeh as global market manager for Taiwan, who joins immediately. She joins the American bank from UBS, where she most recently led a team of offshore bankers working with entrepreneurs from Taiwan. She will be responsible for…
This month, the Taiwan Cooperative Bank (TCB) and Visa have implemented what both call Taiwan’s first standardized and EMV-compliant QR code payment. Part of Financial Information Service Co.’s “Standardized QR Code Solutions,” the new EMV solution will be…
FamilyMart Taiwan has launched an e-wallet known as “My FamiPay”. The application, launched in collaboration with Cathay United Bank (CUB) and Soft Space, integrates debit/prepaid/credit cards and other various stored value cards to facilitate in-store…
Taipei, March 12 (CNA) Taiwan’s top financial supervisor, the Financial Supervisory Commission (FSC), has urged financial institutions in Taiwan and Indonesia to open outlets in each other’s country after they signed an memorandum of understanding (MOU) to…
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