The five entities operate as money changing service businesses without prior registration to the central bank.

Bank of America (BofA) has appointed Yoojin Park as head of global payment solutions (GPS) Korea and Korea corporate sales. Park will join BofA on 30 November and will be based in Seoul. Park is ...

Workforce across 15 lenders fell 0.73% to 74,376 in 2025. Hong Kong’s banking industry is experiencing renewed hiring this year, driven by a capital market rebound and automation projects, after total ...

Only 24% of discussions examine existing applications across Asia's financial sector. Artificial intelligence (AI) is increasingly featured in discussions about cross-border payments in Asia, with 71% ...

Citi has received an onshore securities licence from the China Securities Regulatory Commission (CSRC) to establish Citigroup Securities (China) Company Limited (CSCCL). CSCCL will offer equities ...

It seeks to facilitate foreign direct investments into Brunei. Baiduri Bank has set up a representative office in Singapore to support Bruneian businesses seeking regional expansion and to attract ...

Singapore-headquartered technology firm Sea Limited plans to take its financial services arm, Monee, public, according to an ...

KPay ’s subsidiary KPay Merchant Service (Singapore) Pte Ltd. has secured a major payment institution (MPI) licence by the ...

Citibank Singapore partnered with Air 7 Asia to offer private jet charter services and travel benefits to Citigold Private Client customers.

Southeast Asia’s buy now pay later (BNPL) market will reach $53.2b by 2027, growing from just $14.7b in 2023, according to estimates by UnaFinancial.

The exit of these weak small banks is unlikely to improve sector resilience, S&P said. Cambodia’s banking sector will continue to be under pressure, highlighted by the recent failure of two small ...

The country’s 5% growth is no longer a green light for risk-taking, an economist warns. Indonesia’s banks and insurers are entering a more volatile operating environment despite economic resilience, ...