Payments, fintech and the money moves powering Asia's retail economy.
Visa launched on Monday the first Visa Token Service in Asia-Pacific with the United Overseas Bank (UOB) as the first bank implement the service. The service is a new security technology that replaces sensitive payment account information found on payment…
Singapore’s fixed-income market next year is tipped to be active, with more retail-friendly issuances. What’s more, perpetuals will continue to be popular even as financial conditions are likely to remain volatile. Retail bond demand is expected to stay…
“Instead of going into the property market, (capital flows) could go out and ease the property market, and that could strike consumers’ confidence and I think the economy next year may not perform so well”, said Paul Tang, chief economist at Bank of East Asia…
Cash registers in Hong Kong won’t be ringing merrily next year after the US rate hike, with locals likely to scratch their travel itch with the appreciating Hong Kong dollar. The greenback reached a two-week high against a basket of major rivals yesterday…
Hong Kong is bracing for greater economic challenges as the prospect of a new cycle of interest rate rises drives fears of capital outflows that could put further pressure on the Asian financial hub. Hong Kong’s property market, which has seen prices more…
Postal Savings Bank of China has raised $7bn from a global group of 10 investors including JPMorgan, an affiliate of Alibaba, and Temasek, valuing the state-owned lender at $41bn ahead of a float that could come as soon as next year. The sale of 17 per cent…
Bank fees will undergo changes in the near future to better reflect the actual costs of banking, and may pave the way for Thailand becoming a cashless society. According to Veerathai Santiprabhob, Bank of Thailand governor, the current bank fee structure is…
Number26 is looking to succeed where traditional lenders have struggled, by relying on mobile phones to build a true pan-European bank. The German financial services start-up is expanding into six European markets, making it the first mobile phone bank to…
United Overseas Bank (UOB) is linking up with an Indonesian government agency to encourage more foreign direct investment (FDI) into Indonesia. Under an agreement signed yesterday, the Investment Coordinating Board (BKPM) will allow UOB clients to apply for…
Singapore is projected to experience a mild deflation of -0.5% for 2015, according to a forecast adjustment made by Maybank Kim Eng. The tweak in its estimate is still within its earlier forecast range of between -0.5% and 0%, the research house writes in a…
Bank customers in Singapore have been warned of a rise in malware infections on Android phones that seek to hijack online passwords and one-time security codes. The warning, from the Association of Banks in Singapore (ABS), says the infections appear as a…
HSBC has reported a 14% drop in profits for the third quarter of 2015 after adjusting for foreign currency movements, as the sharp falls in stock markets across Asia hit revenues in its retail banking and wealth management division. The overall adjusted…
Two consortiums, led by South Korean Internet giant Kakao and No. 2 telecom operator KT, were approved to launch the nation’s first Internet-only banks next year, the banking authority said Sunday. Under the government’s pilot program, the two banks will…
BDO Unibank, Inc. (BDO) and FIDEA Holdings Co., Ltd. (FIDEA Group) further strengthened their business relationship through a memorandum of understanding (MoU) that will allow BDO to provide support to FIDEA’s clients who plan to invest in the Philippines.…
A self-service vending machine developed by two British-based, South African entrepreneurs converts currencies from as many as 150 countries into dollars pounds, or euros. The company, Fourex, led by the entrepreneurs has planned to introduce the machines…
NCR Corporation, the global leader in consumer transaction technologies, today announced that Fubon Bank (Hong Kong) Limited (“Fubon Bank”) has become the first bank in Greater China to introduce NCR Interactive Teller to transform its traditional branch…
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Read by retail operators, investors and brand teams across Asia.