Payments, fintech and the money moves powering Asia's retail economy.
Vietnam Stock Exchange, which operates the country’s two main bourses, saw profit dropping 8% to VND1.92 trillion ($75 million) last year, its first decline since establishment. The operator of Ho Chi Minh Stock Exchange and Hanoi Stock Exchange saw revenue…
China is pushing for Visa and Mastercard to lower their bank card transaction fees in the country, as part of an effort to facilitate payments for foreign visitors, Bloomberg News reported, citing a person familiar with the matter. According to a report…
Citizens’ deposits reached a new historic peak of VND6.676 quadrillion (US$262.2 billion) as of the end of March, according to the State Bank of Vietnam. This marked a 2.2% growth from the end of 2023. Meanwhile, corporate deposits fell 3.1% to VND6.6…
People in China have been turning to gold despite rising prices as the precious metal is deemed the best safe haven asset amid economic uncertainties and a crisis-hit property sector. Prices of the yellow metal have gained about 11% in the year to date,…
Vietnam’s benchmark VN-Index fell 0.40% to 1,274.77 points Monday. The index closed 5.14 points lower after dropping 21.60 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 22% to VND22.990 trillion (US$903.2 million). The…
In March 2023, a preview of Apple Pay Later was unveiled allowing users to borrow from $50 up to $1,000 and repay the debt in four equal amounts over six weeks with no fees or interest charged. By last October, Apple Pay Later was available to all iPhone…
State-owned Vietcombank has introduced an online registration system for gold bar purchases starting Wednesday. Customers can register to buy gold from 9 a.m. daily and collect their orders in the afternoon. Vietcombank said that it promises to keep all…
Citigroup, DBS Group Holdings and other banks involved in Singapore’s historic S$3 billion (US$2.2 billion) money laundering scandal, are increasing scrutiny of their rich customers to prevent involvement with illegal money flows. Citi has instructed its…
Advisers to the State Bank of Vietnam (SBV) have proposed taxing gold transactions to prevent speculation and price manipulation. “Taxing gold will reduce the demand of some buyers, especially those who buy to speculate and to manipulate price”, said Nguyen…
Gold buyers rushed to banks early Tuesday morning to get queue tokens but many had to leave empty-handed since there were too many people. Nam arrived at a branch of Vietcombank in Hanoi at 7 a.m. but minutes after opening the bank said it could no longer…
Deutsche Bank will provide Bitpanda customers with real-time payment solutions for incoming and outgoing transactions. This partnership between a Tier 1 bank and an emerging crypto company marks a significant step for the entire digital asset industry. As…
The Federal Department of Finance (EFD) fined UBS for failing to report suspected money laundering. The long-standing cases all revolve around the former president of Yemen. The number of unreported cases to the Financial Department is alarmingly high.…
In late February, Google announced that the Google Pay app was shutting down in the US. The company wants people to transition to Google Wallet, which offers many of Google Pay’s features, including paying at online checkouts and in stores. Google Pay will…
The U.S. dollar fell against the Vietnamese dong Tuesday morning. Vietcombank sold the dollar at VND25,468, down 0.05% from Monday. The State Bank of Vietnam kept its reference rate stable at VND24,245. The greenback went up 0.27% to VND25,840 on the black…
Saigon Jewelry Company gold bullion prices rose by 0. 35% to VND86.2 million (US$3,390.2) per tael Monday morning, surpassing the previous peak of VND85.8 million achieved last Friday. Gold ring prices went up by a more modest 0.13% to VND74.9 million per…
Google Wallet just underwent a small but useful menu change designed to simplify the way you manage payment cards within the app. This change better highlights your saved payment methods and adjusts the language slightly for clarity. The most noticeable…
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Read by retail operators, investors and brand teams across Asia.