Payments, fintech and the money moves powering Asia's retail economy.
Aiming to bring in more foreign funds into India, Reliance Capital Asset Management (RCAM), the funds management arm of Anil Ambani-controlled Reliance Capital, is launching a fund in South Korea for retail and institutional investors in the South Asian…
Worldpay processed on average over 9,000 transactions per minute globally during China Singles Day 2015 with transactions peaking at 1,111 transactions per second during the day’s busiest sales period. The number of transactions Worldpay processed on Singles…
South Korean eCommerce giant Coupang will invest 1.5 trillion won (US$1.3 billion) by 2017 to hire 40,000 delivery people called ‘Coupang Men’, and increase its number of logistics centers from 14 to 21. This is a significantly larger-scale investment than…
Calypso Technology, Inc., the standard for treasury and capital markets software, has signed its first client agreement in the Philippines, furthering its rapid 2015 expansion in Asia Pacific. The onboarding of China Banking Corporation (China Bank), one of…
Singapore-based Mobikon has tied up with Bank of the Philippines Islands (BPI) in Manila to offer its customer engagement platform to restaurants. The tie up will add a repertoire of over 300 restaurants in Mobikon’s network and strengthen its presence in…
Bank of the Philippine Islands, the third-largest bank in the country, posted an 8-percent increase in net income in the first nine months to P13.84 billion from P12.8 billion year-on-year on the strength of its core businesses. Total revenues increased 9…
BDO Unibank, already the Philippines’ largest lender, with total assets of 1.86 trillion pesos ($39.3 billion), has big plans — some of which include a new Japanese partner. The bank is part of the SM Group, which mainly operates a range of retail businesses…
ING, the largest Dutch financial services company, said on Wednesday it was researching an online banking joint venture in China, as it posted quarterly results boosted by an economic recovery in the Netherlands and strong growth in Germany. ING reported…
MasterCard and a Norwegian start-up Zwipe have unveiled a prototype of the world’s first biometric contactless payment card, allowing payment confirmation by fingerprint instead of PIN. The card, which features an integrated fingerprint sensor, has been…
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Read by retail operators, investors and brand teams across Asia.