Asia PacificRSS

Hong Kong regulator grins thanks to financial inclusion wins

Hong Kong

The Hong Kong Monetary Authority (HKMA) is in a happy mood as the region’s financial inclusion initiatives are progressing well. Norman Chan, HKMA chief executive, visited three retail bank branches in northern Tin Shui Wai area of Hong Kong today (17 August) to understand the situation of branch services from bank representatives and staff, and […]

Credit Union Australia pivots with Pivotus Ventures’ digital banking

Australia flag

Credit Union Australia (CUA) has joined a group of banking providers, becoming the exclusive Australia and New Zealand partner of Pivotus Ventures. The deal – which also includes the UK’s Nationwide Building Society, US bank Umpqua and the Netherlands’ De Volksbank – will let CUA develop new digital banking opportunities. The ideas are being developed […]

Singtel rolls out first virtual Visa card in Singapore with Wirecard

Singapore-listed stocks can now be traded in London

The most popular digital wallet in Singapore has rolled out the first virtual Visa card in the country thanks to a partnership between  technology group Wirecard and Singtel, reports Banking Technology‘s sister publication Paybefore. Singtel Dash, a mobile payments platform that enables users to shop, pay transport fares and remit money, is currently Singapore’s most widely […]

Alipay taps Yelp to enrich Chinese travel experience

Alipay's march across Europe continues

Alipay has inked a slew of partnerships lately. The latest deal for the Chinese app is with Yelp and connects local businesses with Chinese travelers, a move that’s likely to boost loyalty and transaction volume in one fell swoop, reports Paybefore (Banking Technology‘s sister publication). The partnership connects Yelp’s local content to millions of Chinese travelers […]

Geoswift, UnionPay and Western Union vie for Chinese international tuition payments with Amazon promotion

UnionPay card

As students gear up for back to school, the competition for international tuition payments is heating up. Geoswift, UnionPay and Western Union Business Solutions are offering Amazon gift cards to Chinese students studying in 14 countries that make cross-border tuition payments using Geoswift’s PayTuitionNow portal.

New state-controlled clearing house to process all payment providers’ transactions in China

china-square-flag

Ant Financial, Tencent and 42 other payments and financial services firms in China have agreed to route their payments transactions through a new clearing house, controlled by Chinese government.

Vietnam welcomes first derivatives market and clearing house, GMEX provides tech

First derivatives market and clearing house launched in Vietnam

Vietnam’s first derivatives market and clearing house has gone live on the GMEX Technologies platform. The project is a collaboration between Hanoi Stock Exchange and Vietnam Securities Depository, and has been carried out together with local system integrator FPT Information System.

Mambu’s core banking tech to support lending business of Globe Telecom

Philippines_flag

Banking software developer Mambu has inked a large deal with Fuse, the lending arm of Filipino financial technology firm Mynt. Mynt itself is a subsidiary of Globe Telecom, a Philippines-based telco.

Flywire expands operations in Japan, forms partnership with Volvo

Flywire gets pally with PayPal

Cross-border payments and receivables platform Flywire (formerly peerTransfer) is marking international growth.

LGT in regtech revamp with Wolters Kluwer

LGT in regtech revamp

Liechtenstein’s private bank and asset manager LGT is working on a regtech project with Wolters Kluwer. LGT is implementing the vendor’s OneSumX platform for the regulatory reporting and risk management of its Asian operations – in Singapore and Hong Kong.

@banking
techno