2+ day, 4+ 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,…...

3+ day, 2+ 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, 2+ 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, 2+ 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, 8+ hour ago   (268+ words) Mobile wallets are now the preferred way to pay when travelling. Singaporeans are amongst the most enthusiastic adopters of integrated digital wallet experiences globally, but privacy concerns and a preference for human control are holding back full adoption of AI-powered…...

6+ day, 8+ hour ago   (268+ words) Mobile wallets are now the preferred way to pay when travelling. Singaporeans are amongst the most enthusiastic adopters of integrated digital wallet experiences globally, but privacy concerns and a preference for human control are holding back full adoption of AI-powered…...

1+ week, 5+ day ago   (281+ words) E-commerce market is expected to expand from $89b in 2025 to $127b in 2030. Digital wallets are forecast to account for 50% of Australia’s e-commerce transaction value by 2030, up from 43% in 2025, as consumers increasingly use services such as PayPal, Apple Pay and Google Wallet. The…...

3+ week, 3+ day ago   (459+ words) It serves more than 1,600 boxes at Kennedy Town branch. Shanghai Commercial Bank Ltd. is automating safe deposit box retrieval at its Kennedy Town branch as Hong Kong banks add technology and private wealth services to their retail operations. “Whilst automated…...

3+ week, 4+ day ago   (220+ words) The Philippines has met its digital payments target, with 64.69% of retail payments made via digital means in 2025, the Bangko Sentral ng Pilipinas said. Digital payments also made up 53.32% of all payment value made in 2025, down from 59.98% in 2024, the central bank…...

3+ week, 4+ day ago   (705+ words) The US lags as India processes 19 billion monthly. Instant payments processed nearly $22t in 2024 across the 15 largest economies using the technology, but adoption has varied widely between countries. The figure represented about 1% of the roughly $2q in global payment flows. According to…...