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Chart of the Week: Australia's card payments to grow 5% CAGR in 2019-2024
Even small merchants are now pivoting to cashless payments, says GlobalData.
Chart of the Week: Australia's card payments to grow 5% CAGR in 2019-2024
Even small merchants are now pivoting to cashless payments, says GlobalData.
Missing Wirecard money not in the Philippine banking system
Lenders BDO and BPI have denied their involvement in the scandal.
Cambodia floats blockchain-based payments system
Users of the platform will see transaction time reduced to less than 5 seconds.
Thai central bank tells lenders to freeze dividend payments
Banks are required to prepare capital management plans for the next 1-3 years.
South Korean financial institutions spent US$935m in social contributions in 2019
Microcredit lending comprised the lion’s share of US$461m.
More investors back proposal to end Mizuho's coal lending
It could push Japanese banks to live up to promises of ending the practice.
Investments flood Singapore fintechs in April, May after quiet Q1
Total equity funding reached a record-high US$331m.
Philippine banks have solid defences against COVID-led risks: analysis
The resilience of large corporates is key to quelling credit losses.
Majority in Indonesia, Philippines and Vietnam to transact digitally by 2021
Faster funds transfer can add up to 0.5% in GDP growth for SEA.
Singapore investment banking fees plummet 49.4% in H1
Fees from completed M&A, ECM, DCM, and syndicated lending all registered declines.
Singapore to elevate hub status with new digital banking regulation
A more flexible Payment Services Act makes it easier for fintechs to apply full operations in Singapore.
APAC emerging market banks' fate rests on sovereign support: Fitch Ratings
They are likely to deteriorate deeper should governments fail to mitigate fiscal risks.
Chinese banks to give up $211b in profits, face asset yield decline
They are likely to surrender up to $197b in income.
China pushes banks to sacrifice profits: report
The move shows concerns about its ability to recover after the pandemic.
Singapore digital bank aspirants down to 14
MAS asked the applicants to update their business plans and financial projections.
HSBC resumes plan to axe 35,000 jobs: report
CEO Noel Quinn said that they will maintain a freeze on almost all external recruitment.
Weekly Global News Wrap: Swiss National Bank likely to keep low policy rate; Goldman Sachs pledges further $250m aid
And Commerzbank rebuffs Cerberus demand for seats in supervisory board.
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