Tag Archives: eyes

After Tencent and Ctrip, Bank of East Asia eyes more partners for virtual banking

Bank of East Asia, which has teamed up with internet giant Tencent Holdings and online travel provider Ctrip, is seeking more tech partners to develop its virtual banking services, according to deputy chief executive Adrian Li Man-kiu. Hong Kong Monetary Authority, the city’s central bank, which is aggressively pushing the local banking sector to develop fintech, plans to issue its ... Read More »

Economy on revival mode amid sprouts of green shoots in many sectors; all eyes on FY18 GDP estimates on Friday

How do you spot an economic revival? The earliest signs are visible on the highways. Are there more lorries on expressways ferrying goods across states? Latest data show truck sales grew at a robust pace in December, a sign that transport companies are buying more vehicles to rapidly move goods to meet growing consumer demand. Sample this. Homegrown auto major ... Read More »

Paytm bank eyes ‘more’ digital wallets

Digital push: The bank will build the most dominant KYC-compliant wallet and payments bank, says Ms. Satti   | Photo Credit: AP To comply with new RBI norms, it will invest $500 mn in KYC infrastructure Paytm Payments Bank expects the new stricter Know Your Customer (KYC) norms, set by the Reserve Bank of India (RBI) for digital wallets, to boost ... Read More »