Staff Reporter
PayMaya Philippines launches microinsurance service PayMaya Protect
PayMaya Philippines launches microinsurance service PayMaya Protect
The digital payments platform has teamed up with bolttech for this latest project.
FIs need to set clear net-zero goals else loans, assets deteriorate: Moody’s
Delayed goals and actions would hurt banks’ asset and loan quality in the future.
Power retailer iSwitch shuts down Singapore operations
This will take effect on 11 November 2021.
Global insurer Chubb acquires Cigna’s APAC business for $5.75b
Cigna has operations in seven markets in Asia-Pacific.
APAC banks on track for LIBOR phase-out: S&P
Singapore banks are leading the way in adopting alternative reference rates.
4 in 5 banks prioritises people over products
81% of banks seek to differentiate their customer experience.
HSBC, Temasek partner to fund sustainable infrastructure projects in Asia
The two hope to dispense over US$1b of loans over the next five years.
APAC’s mobile wallet adoption chips away at traditional payments’ dominance
Mobile wallet adoption in Thailand, Vietnam far exceed those in the US, the UK.
Singapore, Malaysia to link real-time payment systems PayNow, DuitNow
Remittances between the two countries reached S$1.3b in 2020.
Hong Kong’s Mox Bank appoints Barbaros Uygun as new CEO
Uygun previously served as CEO of ING Bank Austria.
Half of APAC banks at risk of missing digital transformation targets: study
Banking leaders admit that they are at risk of ceasing to exist in 5-10 years.
UOB unveils green financing solution to push EV adoption in Singapore
It creates a one-stop ecosystem that connects its users to EV car dealers.
Omnichannel is the way forward for APAC retailers
As physical stores reopen, online spending may drop to 13.4% by end-2021 but never below pre-COVID levels.
Singapore, India to link PayNow, UPI payment systems by mid-2022
Fund transfers from India to Singapore will only need mobile phone numbers.
Banks welcome launch of Wealth Management Connect in Guangdong-Hong Kong-GBA
BEA highlights hiring plans, whilst Citi says it will offer 100 types of wealth products under WM Connect.
Singapore retail sales up 0.2% YoY in July
UOB said retail sales will post a 10% full-year growth.
DBS' new scheme to help hawkers boost monthly income by 10%
The Adopt-a-Hawker Centre pilot programme was first launched in Tanjong Pagar Plaza Market and Food Centre.
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