Payments, fintech and the money moves powering Asia's retail economy.
Harbour & Hills has made a strategic acquisition that will allow it to facilitate USD and other major currencies’ payments to China. Harbour & Hills Financial Services (H&H) has acquired a controlling stake in Global Envoi, a payments processor with strong…
Social distancing measures could make the holding of annual general meetings (AGMs) and the performance of statutory audits for full-year financial results challenging, SGX said. Singapore Exchange Regulation will automatically extend by 60 days the deadline…
HSBC continues to bolster its private banking business in Asia with its hire of chief operating officer, who joins from J.P. Morgan’s wealth arm. Sharon Oh joins HSBC Private Banking as its chief operating officer, replacing Gaurav Rao, who recently relocated…
Banks across Singapore are closing branches due to the reduced traffic expected as a result of enhanced social distancing measures, announced on Friday to curb the spread of Covid-19. While the financial sector was exempted from Singapore government’s order…
HSBC continues to bolster its private banking business in Asia with the latest hire of chief operating officer, formerly with J.P. Morgan wealth arm. Sharon Oh joins HSBC Private Banking as its chief operating officer, replacing Gaurav Rao, who recently…
HSBC and Standard Chartered were named by Hong Kong authorities as lenders which are welcome to relocate headquarters to the city where they derive the majority of profits. Last week, HSBC insisted that London would remain its home in the foreseeable future…
China’s digital payment market grew to $8.4 trillion in the last quarter of 2019 and there are signs of still robust momentum in the months following the outbreak. By transaction volumes, Alipay retained the top rank with 55.1 percent followed by Tencent’s…
Lower-income staff at Citi will receive payouts in line with chief executive Michael Corbat’s call to extend global support during the crisis. Hong Kong-based employees with an annual base salary of HK$470,000 (US$60,622) or less will receive a one-time…
Recession fears drove the Bank of England to call the U.K.’s largest banks, including HSBC and Standard Chartered, to scrap dividends and share buybacks. Alongside Lloyds, Royal Bank of Scotland and Barclays, the two largest British lenders in Asia made…
Lower-income staff at Citi will receive payouts in line with chief executive Michael Corbat’s call to extend global support during the crisis. Hong Kong-based employees with an annual base salary of HK$470,000 (US$60,622) or less will receive a one-time…
Citi is the latest in Asia to tap into the digital commerce channel amidst the coronavirus pandemic, partnering with major Hong Kong e-shopping platform HKTVmall. Citi Hong Kong’s partnership with the renowned HKTVmall will include a specialized credit card…
The Singaporean lender continues to provide innovative digital support to locals affected by the ongoing pandemic alongside financial relief. To help cope with the crisis, DBS will offer free online supplementary classes for primary and secondary school…
DBS has doubled its used-car loan market share, space traditionally dominated by lenders like Hong Leong Finance and Maybank. It hopes to grab 80 percent of used-car loans taking place online by 2021. The bank’s decision to focus on the used-car segment came…
AirStar Bank has announced the launch of a pilot trial in Hong Kong, which will be conducted within the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox. About 2,000 friends and families of the staff of Airstar, Xiaomi Hong Kong and AMTD Group will…
Standard Chartered on Monday said it will set aside $1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak. The lender plans to offer financing at preferential rates to firms that are manufacturers and…
Sergio Ermotti is donating 1 million francs towards pandemic relief efforts. The UBS boss is working from home in his native Ticino, which borders the hardest-hit area in Europe. The Swiss wealth manager’s CEO said he has dispersed 1 million Swiss francs…
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Read by retail operators, investors and brand teams across Asia.