Financial Services
Over half of SMEs use fintech accounts for business needs: Mastercard
Over half of SMEs use fintech accounts for business needs: Mastercard
About 48% with multiple accounts use them to manage cash flow.
14 minutes ago
Loan growth hits fastest pace since 2014 as credit cycle matures
Corporate loans grew 13.4% whilst consumer loans grew 10.4%.
Singapore AUM rises $6.7t despite China tax changes
Key banks report limited impact so far as clients assess China’s new tax measures.
Family offices channel over $30m overseas under philanthropy tax scheme
There are currently eight approved recipients of tax incentives under the PTIS.
Finmo lifts office capacity by 50% with new Suntec City HQ
The hub will support hiring across product, AI, and strategy.
Wealth inflows lift 2026 outlook for financial sector earnings
However, wealth management growth may ease in H2.
Hong Kong pulls ahead of digital wallet shift; Singapore close behind
Wallets accounted for 41% of e-commerce value in the city.
Tax revenue rises 9.4% to $97.3b on stronger economic activity
Collections accounted for 74.8% of the government’s operating revenue.
Nearly half of firms report increased payment delays
Businesses waited an average of 66.3 days for payment, a report showed.
MAS eyes cross-border use, interest payments in new stablecoin rules
Changes cover foreign token recognition, interest bans, and stress testing.
Singapore aced its FATF evaluation — now comes the hard part
Institutions operating within Singapore’s financial system must be able to show under scrutiny what their controls are achieving.
UOB prices EUR1 covered bonds and draws $5.78b
It was four times oversubscribed.
ShopeePay Singapore unlocks China QR payments with TenPay Global
It covers tens of millions of merchants.
Singapore banks’ 2026 profitability lifted by wealth fee growth
The three banks’ capitalisation remains strong, but CET1 ratios are declining.
MoneyMax profit surges 77% to $52.5m in H1
The board declared an interim dividend of $0.0025 per share.
Stronger credit to drive financial sector after 6.2% Q2 growth
Robust lending and wealth management activity underpinned the sector’s gains.
Sea Ltd’s net income climbs 10.6% to $586.7m in Q2 on Shopee growth
CEO Li is optimistic that Shopee will achieve US$1b adjusted earnings in 2026.
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