SC has become the first foreign bank in the offshore market that can participate in the global clearing platform for Rmb with two large Greater Bay Area-based firms taking part in the launch.
China’s market leader in B2B cross-border transfer is expanding its global network, including in Malaysia, Hong Kong and Singapore. Bill Deng, founder and CEO at XTransfer, discusses the firm’s vision with CT and how ...
Close to 60% of countries worldwide are exploring central bank digital currencies, with 11 already having deployed them, but the private sector also needs to step up, said IMF's managing director at Singapore Fintech ...
The bank has closed the drawdown of a RMB400 million short-term cross border loan for a Brazilian subsidiary of Chinese energy giant State Power Investment Corp, a move that will help internationalise China's currency.
With Bank of China as the first institution signed up, the pilot programme aims to facilitate the onboarding process for corporates trading with Chinese firms.
Cross-border payments players globally saw a 35% decline in M&A activities in the first three quarters 2023, according to analysis from FXC Intelligence.
The partnership offers suppliers access to payments at an earlier stage of the traditional supply chain, enabling more efficient release of working capital.
VNG Digital Business recently revealed its latest suite of cloud computing platform services, which are set to support the digital transformation agendas of Vietnamese corporates.
Singapore’s B2B-focussed corporates stick to traditional cross-border payment methods despite a growing demand for digitisation, a report by Rapyd has revealed. Eric Rosenthal, the firm’s chief strategy officer, ...