Cross-border Remittance Services
Philippine cash remittances up 3.7% to $2.99b in June
Philippine cash remittances up 3.7% to $2.99b in June
The US remained the top source of remittance to the Philippines.
HSBC Singapore offers zero-fee international transfers to over 60 currencies
Amongst markets covered are Malaysia, Indonesia, South Korea, and the UAE.
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.
APAC emerging markets buck global remittance decline
China, India, and the Philippines remain “bright spots” for remittance activity, says Visa.
Philippine remittances up 2.9% to $3b in November: central bank
Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.
Bank SinoPac clinches Taiwan Domestic Remittance Initiative of the Year at ABF Awards
It offered 110,000 migrant workers a safe and affordable platform to send their hard-earned money home.
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Commentary
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer
Banks need to rethink identity governance for AI agents
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