Cash Management

HSBC sees Hong Kong driving global RMB adoption

Vina Cheung expects RMB to rise to the third most-used global payment currency.

Stablecoin payment volumes double to $390b as Asia claims 60% share

Majority of activity is in Singapore, Hong Kong, and Japan, according to McKinsey and Artemis Analytics.

Crédit Agricole CIB names Yang Zhang as head of cash and trade sales for APAC FIs

She will oversee business development and origination of cash management.

UnionBank rolls out payroll account opening solution

Employees can open accounts by scanning a QR code.

What do corporate treasuries need from banks today?

The majority want a simple, real-time dashboard but may not have the budget or skills.

Ant International to use UBS’ blockchain platform for global treasury operations

The two companies will also explore joint innovations in tokenised deposits.

Banks see sharp drop in cheque use ahead of 2027 phaseout

More people are using e-payment solutions such as PayNow and FAST.

SPD Bank Shanghai, XTransfer team up to help Chinese SMEs expand overseas

They aim to provide “safer, more efficient, more convenient” global collection and cash management services.

CZBank Shanghai, XTransfer ink agreement for cross-border finance

The two will jointly offer cash management services to Chinese foreign trade enterprises.

Airwallex acquires OpenPay, to compete directly with Stripe Billing

Billing capabilities will be rolled out by Q4, Airwallex said.

StanChart, Ant Int’l introduces AI powered treasury and FX solution

It aims to lower FX costs and enhance risk management for Ant Int’l and its clients.

How is tokenisation reshaping cash management solutions?

HSBC and Citi allow 24/7 money transfers using the tech.

Citi expands tokenisation, real-time tools for corporate treasuries

Its suite of digital services optimises cash positioning and cuts operational friction.

Cross-border B2B payments to reach 18.3 billion in 2030

Stablecoins unlock massive potential but need significant infrastructure to be built.

MUFG eyes enhancing intra-Asia flows, sustainability, O&D in FY2025

They are looking into AI as a means to adopt more sustainable and digital practices.