Payments, fintech and the money moves powering Asia's retail economy.
In a remarkable shift towards digital finance, South Korea’s payment card market—encompassing both point-of-sale (POS) payments and ATM withdrawals—is projected to grow by 3.8%, reaching an impressive $1 trillion (KRW1.4 quadrillion) by 2025, as revealed in a…
This Tuesday, the U.S. dollar continued its ascent against the Vietnamese dong, with Vietcombank selling the greenback at an exchange rate of VND26,480, a slight increase of 0.04% from the previous day. Meanwhile, the State Bank of Vietnam raised its…
Unofficial exchange points reported the greenback trading at VND26,505, marking a slight increase of 0.02%. Meanwhile, Vietcombank held its rate steady at VND26,450. The State Bank of Vietnam’s reference rate remained unchanged as well, fixed at VND25,249. A…
Australia is currently in the throes of a significant debate regarding a proposal to ban surcharges on credit and debit card transactions. If enacted, this move could potentially save consumers a staggering 1.2 billion Australian dollars (approximately $781…
Global gold prices are facing a decline this week as fresh inflation data has made investors rethink expectations for rate cuts, all while the market’s gaze shifts to the pivotal discussions between U.S. President Donald Trump and Russian President Vladimir…
The Palawan Group of Companies recently celebrated a milestone, marking four decades of service with an engaging Partners’ Night on August 5 and 6, 2025, at the Blue Leaf Cosmopolitan in Quezon City. This two-day event was more than just a gala; it was an…
The U.S. dollar is gaining ground against the Vietnamese dong while showing weakness against other major currencies. On Thursday morning, Vietcombank reported a 0.04% increase in the dollar’s exchange rate, bringing it to VND26,460. Concurrently, the State…
Vietnam’s gold prices soared to unprecedented heights this week, reflecting a vibrant global market bolstered by speculation surrounding U.S. interest rate adjustments. On Thursday morning, gold bars from the Saigon Jewelry Company surged by 0.40%, reaching…
Recent media reports indicate that the anticipated job cuts at UBS are advancing at a more sluggish pace than originally expected. The integration of Credit Suisse, acquired in 2023, has proven to be a winding road that even the most casual observers can…
The digital banking platform market is on a fast track to achieving remarkable growth, with projections estimating its value will soar to $168.3 billion by 2032. This surge reflects a staggering compound annual growth rate (CAGR) of 20.9% from 2024 to 2032,…
Global gold prices experienced a slight rebound on Tuesday, recovering from a significant drop in the previous session as investors geared up for crucial U.S. inflation data that could shape the Federal Reserve’s future interest rate decisions. Spot Prices…
United Overseas Bank (UOB) has reported a mixed bag for the second quarter of 2025, with a robust expansion in deposits but a concerning rise in bad loans. According to UOB Kay Hian analyst Jonathan Koh, the bank’s current account savings account (CASA) ratio…
In a landmark surge, Vietnam’s benchmark VN-Index climbed 1.07% on Monday morning, officially crossing the coveted 1,600 mark for the first time. Just an hour and a half into trading, the index soared to 1,602, marking a gain of around 16 points from the…
In a moment that will go down in India’s banking history, AU Small Finance Bank (AU) has received an in-principle approval from the Reserve Bank of India (RBI) to become a Universal Bank. With this notification, AU becomes the first Small Finance Bank in…
The latest financial results from Bank Rakyat Indonesia (BRI) unveil a challenging landscape, as the bank’s net income dropped to $1.63 billion (IDR 26.53 trillion) in the first half of 2025. This marks an 11.25% decline from the same period last year,…
Gold prices in Vietnam have taken a noticeable plunge following a global dip, marking a shift from their recent record highs.The price of gold bars from Saigon Jewelry Company decreased to VND123.9 million (approximately US$4,724.32) per tael, reflecting a…
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Read by retail operators, investors and brand teams across Asia.