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Asian Banking & Finance
asianbankingandfinance. net > lending-credit > news > hong-kongs-gig-works-face-loan-hurdles-despite-95-holding-prime-credit-status

Hong Kong's gig works face loan hurdles despite 95% holding prime credit status

1+ day, 10+ hour ago  (380+ words) About 82% of gig workers met payment obligations vs 80% of the city's general population. Gig workers in Hong Kong are a growing borrower segment with the same risk level as the rest of the market, but still find it difficult to…...

Asian Banking & Finance
asianbankingandfinance. net > cards-payments > news > hyundai-card-draws-younger-users-premium-card-lineup

Hyundai Card draws younger users to premium card lineup

6+ day, 4+ hour ago  (221+ words) Nearly 3 in 4 of its "The Orange" or e-commerce-targeted card customers are aged 20 to 39. Over 2 in 3 of Hyundai Card's customers in its "young adult premium lineup" of cards are aged 20 to 39 years old, it said. The South Korea-based card company's "the…...

Asian Banking & Finance
asianbankingandfinance. net > cards-payments > news > union-bank-philippines-revises-credit-card-rewards-scheme

Union Bank of the Philippines revises credit card rewards scheme

1+ week, 4+ day ago  (148+ words) Select credit cards earn 1 point for every PHP150 spent, from 1 per PHP60 previously. Union Bank of the Philippines (UBP) has announced changes to miles and points earned from Pay Direct transactions. Beginning 1 June 2026, holders of the Union Bank Rewards Credit Card, Union…...

Asian Banking & Finance
asianbankingandfinance. net > cards-payments > news > australia-scrap-card-surcharges-in-october

Australia to scrap card surcharges in October

2+ week, 6+ day ago  (293+ words) The RBA noted businesses charging the same rate on all cards. Australia's central bank is removing surcharges on debit, prepaid, and credit cards on designated eftpos and card networks, saying that it no longer achieves its original purpose. Separately, the…...

Asian Banking & Finance
asianbankingandfinance. net > lending-credit > news > unbanked-filipinos-narrow-gap-in-credit-perceptions-transunion

Unbanked Filipinos narrow gap in credit perceptions: Trans Union

7+ mon, 4+ week ago  (265+ words) Fintech users showed the highest trust in credit products. Filipinos" trust in credit products improved in 2025, but concerns over high interest rates and fraud continue to weigh on adoption, according to Trans Union"s latest Credit Perception Index (CPI). The…...

Asian Banking & Finance
asianbankingandfinance. net > lending-credit > in-focus > vietnam-banks-weather-risks-16-credit-growth-target-reasonable

Vietnam banks to weather risks with 16% credit growth target 'reasonable"

1+ mon, 3+ week ago  (472+ words) Actual loan growth may exceed previous years even as it does not hit the official target. Vietnamese banks should be able to weather a new slate of credit and liquidity related risks, with some of these concerns being overrated or…...

Asian Banking & Finance
asianbankingandfinance. net > lending-credit > news > national-australia-bank-fined-155m-failing-respond-hardship-claim

National Australia Bank fined $15. 5m for failing to respond to hardship claim

8+ mon, 1+ week ago  (161+ words) NAB and subsidiary AFSH are required to publish an adverse publicity notice. The National Australia Bank (NAB) and its subsidiary AFSH Nominees have been fined $15. 5m for failing to respond to customer hardship applicants. NAB and AFSH are also required to…...

Asian Banking & Finance
asianbankingandfinance. net > cards-payments > news > ocbc-ant-intt-deliver-embedded-financial-services-indonesian-smes

OCBC, Ant Int't to deliver embedded financial services to Indonesian SMEs

10+ mon, 2+ week ago  (186+ words) They believe that it will benefit thousands of small businesses. OCBC Indonesia has partnered with Ant International to deliver embedded financial services to small and medium enterprises (SMEs). Under the strategic partnership, OCBC will make use of Ant International's alternative-data…...