Cards & Payments
OCBC launches near-instant P2P transfers to WeChat Pay and Alipay
OCBC launches near-instant P2P transfers to WeChat Pay and Alipay
It also aims to expand the service in Indonesia and the Philippines by 2026.
MAS’ Chia Der Jiun touts potential of asset tokenisation, quantum
Security is already a concern when considering the potential of quantum.
Cross-border payments grow with tech and regulatory support
E-commerce, real-time networks, and digital standards drive payment volume expansion
Visa launches new products to boost flexibility, security in APAC
It also partnered with QR payment providers across the region for cross-border payments.Visa has introduced several new products and services aimed at...
Digital wallets evolve to super-apps post-pandemic
Rising demand for super-apps boosts digital wallet growth in Asia
China’s mobile wallet growth driven by infrastructure, innovation
Digital giants fuel China’s high mobile wallet adoption rate.
Mastercard Pay Local links cards to APAC wallets
It allows consumers to use their Mastercard cards at over 35 million merchants.
90% of cross-border payments reach banks within an hour
But transparency remains a challenge for cross-border payment systems.
CredAble digitises financing to boost global trade efficiency
The firm addresses fragmented working capital financing.
Citi, Fidelity demonstrate real-time settlement of MMF and digital FX
It might enable faster, seamless management of treasury positions.
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion
As Southeast Asia’s economies are becoming increasingly interconnected, there are plenty of opportunities for global firms to make cross-border...
IATA to offer digital currencies in its financial settlement systems
It will being offering the digital renminbi in the China Billing and Settlement Plan.
Weekly Global News Wrap: Ayala sells part of GCash stake; Some FIs halt trading with Nomura
And Jamie Dimon blasts several US regulatory initiatives.
PayNways Simplifies Global Payments for User-Friendly Experience
Payments industry needs more simplification.
Fintechs drive instant, low-cost cross-border payment solutions
Direct access to local payment schemes expected in 2025.
Immediate settlements drive e-commerce scalability worldwide
Most countries are looking at implementing real time payment clearing systems.
Correspondent banks raise costs in cross-border payments
Inefficiencies in cost, speed, and data standards hinder global payment processes.
Thought Leadership Centre
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1. Payment failures cost Singapore merchants $12b annually 2. Singapore's big 3 banks pivot to wealth as margins shrink 3. HSBC and HSBC Life sign Humansa MOU for HNW health planning 4. Citi targets APAC insurance investments with new senior hires 5. OCBC and Australian High Commission sign 5-year pact to boost SEA–Australia tradeResource Center
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance