Other Asia Pacific

Fintech / Regtech

Cambodia Partners With UnionPay on QR Code Payments

By Sanday Chongo Kabange | 12/07/2023

KHQR users in Cambodia would be able to directly scan UnionPay QR codes in China within this year.

Capital / Liquidity

Cambodia Issues New Rules on Capital Adequacy, Credit Risk

By Sanday Chongo Kabange | 05/07/2023

The NBC says the new rules will incentivise lenders to release more loans to businesses and ensure finance is available at “reasonable interest rates”.

Sri Lanka Declares 5-Day Bank Holiday to Finalise Debt Restructure

By Duruthu E Chandrasekera | 28/06/2023

The government expects the country’s domestic debt restructuring process gets to conclude during the five-day market closure period.

Fintech / Regtech

New Zealand Updates Expectations on Use of Generative AI

By Editors | 18/06/2023

New Zealand Privacy Commissioner Michael Webster said AI users and developers need to make sure they are compliant with privacy law.

Fintech / Regtech

Bangladesh Bank to Issue Guidelines for Digital Banking

By Mark Johnston | 14/06/2023

The central bank plans to finalise a new licensing framework for digital banks this month, after consulting with stakeholders.

Capital / Liquidity

UBS Closes Credit Suisse Deal, Imposes ‘Red Lines’ on Bankers

By Manesh Samtani | 13/06/2023

FINMA said its intensive supervision will “definitely continue”. MAS said it expects both banks to handle the implications for jobs “responsibly”.

Big Picture

Critical Sustainability Reporting Gaps Remain for APAC Firms: Study

By Ranamita Chakraborty | 11/06/2023

A study by PwC Singapore and NUS Business School found that only 51 percent of the top listed companies in 14 APAC markets disclose net-zero targets.

Fintech / Regtech

Cambodia, Thailand Launch Second Phase of QR Payments Link.

By Editors | 07/06/2023

Thais visiting Cambodia can use their mobile banking apps to make cashless payments by scanning KHQR codes displayed by merchants.

Market Infrastructure

Sri Lanka, Nepal to Link Payment Networks LankaPay and Fonepay

By Sanday Chongo Kabange | 06/06/2023

The payment link will enable Sri Lankan and Nepali citizens to make merchant payments in each other’s country using a mobile-based QR code.