Australian BNPLs, mobile wallets face tougher regulations
Asian Banking & Finance|Issue 113
Buy now pay later (BNPL) providers and mobile wallets in Australia, look out: the central bank is pushing to amend its retail payment laws in 2024 to better regulate the up-and-coming payment entities.
Australian BNPLs, mobile wallets face tougher regulations

The Retail Bank of Australia (RBA) noted the need to modernise Australia's regulatory architecture and payments infrastructure in order to support innovations in the payments industry, says Governor Michele Bullock in an address at the Australian Payment Network Summit.

Denne historien er fra Issue 113-utgaven av Asian Banking & Finance.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra Issue 113-utgaven av Asian Banking & Finance.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA ASIAN BANKING & FINANCESe alt
OCBC triples quantum tech workforce to enhance cybersecurity measures
Asian Banking & Finance

OCBC triples quantum tech workforce to enhance cybersecurity measures

The Singapore bank expects significant tech advancements in the next five to 10 years.

time-read
2 mins  |
Issue 117
NETS adds inventory features to payment terminals for Singapore retailers
Asian Banking & Finance

NETS adds inventory features to payment terminals for Singapore retailers

It is using data from its payment system to help businesses improve operations.

time-read
3 mins  |
Issue 117
Japanese banks seek M&A deals overseas
Asian Banking & Finance

Japanese banks seek M&A deals overseas

Japan's biggest banks pursued mergers and acquisitions (M&A) of local and foreign fintech firms in the second half of 2024 in search of better revenue, as the yen sank to a 34-year low amidst relaxed regulations.

time-read
2 mins  |
Issue 117
BTN Prioritas wins prestigious international award - Retail Banking Awards
Asian Banking & Finance

BTN Prioritas wins prestigious international award - Retail Banking Awards

It was awarded the Customer Experience Initiative of the Year - Indonesia for PLUS by BTN Prioritas.

time-read
3 mins  |
Issue 117
Singapore's top central banker touts potential of asset tokenisation
Asian Banking & Finance

Singapore's top central banker touts potential of asset tokenisation

The tech must be regulated, which can be a challenge.

time-read
2 mins  |
Issue 117
BTN Wins Award at ABF Wholesale Banking Awards 2024
Asian Banking & Finance

BTN Wins Award at ABF Wholesale Banking Awards 2024

PT Bank Tabungan Negara (Persero) Tbk (BTN) won an award at the Asian Banking & Finance (ABF) Wholesale Banking Awards 2024 on Thursday, July 4, 2024.

time-read
2 mins  |
Issue 117
The way forward-GXBank leads the charge in transforming the local banking scene
Asian Banking & Finance

The way forward-GXBank leads the charge in transforming the local banking scene

Whilst digital banking in Malaysia is still in its infancy, there is no doubt that it can act t as a bridge to offer services or lack thereof-to those who are financially underserved.

time-read
2 mins  |
Issue 117
Unlocking global expansion with Payoneer's seamless and reliable payments solutions
Asian Banking & Finance

Unlocking global expansion with Payoneer's seamless and reliable payments solutions

Payoneer empowers small and medium-sized businesses (SMBS) worldwide, simplifies global commerce, and enables entrepreneurs to grow with confidence and ease through its cross-border payment solutions.

time-read
2 mins  |
Issue 117
Can Asian banks weather the profit squeeze in 2025?
Asian Banking & Finance

Can Asian banks weather the profit squeeze in 2025?

Banking profits are expected to remain under pressure in many Asian markets in 2025, with lenders likely to post Bunder pressure either modest improvements or manageable declines, according to analysts.

time-read
3 mins  |
Issue 117
China's payment system gets boost from renminbi rise
Asian Banking & Finance

China's payment system gets boost from renminbi rise

Cross-border renminbi use for trade in services grew 22.3% YoY to $165b.

time-read
2 mins  |
Issue 117