23+ hour, 16+ min ago   (219+ words) The average NPL ratio is the same as in June and lower than a year earlier. Bad loans held by Taiwan’s domestic banks rose in July, although asset quality remains manageable, according to the Financial Supervisory Commission (FSC). The non-performing…...

19+ hour, 20+ min ago   (250+ words) The central bank will use data analytics and AI to monitor the sector’s practices. The Bank of Thailand’s (BOT) plans to expand its oversight of the non-bank finance sector will tighten monitoring of buy now pay later (BNPL) products, according…...

3+ day, 15+ hour ago   (174+ words) All payments must first settle in ESAS before reaching their destination. The Reserve Bank of New Zealand (RBNZ) has approved the first non-bank member to New Zealand's Exchange Settlement Account System (ESAS). The Nelson Building Society, a non-bank deposit taker,…...

4+ day, 13+ hour ago   (129+ words) DBS, OCBC, and UOB tested the technology for payments beyond traditional processing hours. DBS, OCBC, and UOB have completed their first live domestic Singapore dollar (SGD) interbank transactions using tokenised deposits on Swift's blockchain-based ledger. Pilots have shown that clients…...

4+ day, 14+ hour ago   (334+ words) Unlimit operates stablecoin clearing house and exchange platform Stable.com. Unlimit has obtained a money service operator licence from Hong Kong's Commissioner of Customs and Excise. Founded in 2009, Unlimit is a financial infrastructure company operating Stable.com, a stablecoin clearing…...

5+ day, 8+ hour ago   (120+ words) It will house ZA’s over 300 employees. ZA, the parent company of Hong Kong-based digital lender ZA Bank, is leasing the top four floors of Tower 3 at Lee Garden Eight in Causeway Bay. The space is approximately 44,000 square feet (sqft), and…...

5+ day, 13+ hour ago   (130+ words) The rate is offered to new customers until 30 September. Ping An Digital Bank is offering a 16% per annum interest rate for 1-month Hong Kong dollar time deposit for new customers. The rate is offered to new customers who open a…...

5+ day, 16+ hour ago   (341+ words) The PMJDY and JAM initiatives are expanding access to formal banking, said GlobalData. India’s payment card usage is set to rise thanks to the growth of the banked population, an improving payments infrastructure, and increasing preference for electronic payments, according…...

6+ day, 13+ hour ago   (220+ words) Citi and DBS said it complements their existing services and tokenised offerings. DBS and Citi have successfully made US dollar payments between Singapore and the United States using tokenised deposits via the Swift digital ledger. The transaction took minutes to…...

6+ day, 12+ hour ago   (295+ words) Success will come from making cross-border payments feel as familiar and predictable as domestic ones. For years, payments innovation across Asia has focused on making domestic transactions faster, cheaper, and easier. From UPI in India and PayNow in Singapore to…...