The region could see almost 37% of the total global payments landscape, interoperability, digital wallets and QR codes are all likely to help the market grow from $12.8tn in 2024.
Adnan Zaylan Mohamad Zahid, deputy governor at the Bank Negara Malaysia, told an audience at Money 20/20 Asia that Asean is innovating with cross-border payments, QR codes, Project Nexus, sandboxes and Islamic finance.
DHL said it will temporarily suspend the collection and shipping of B2C shipments to the US where the declared customs value exceeds $800, while the Hongkong Post will suspend air mail containing goods from April 27, amid US customs changes.
Apr 21, 2025
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The global economy is going through unprecedented times and expert panelists from Baguio Green Group, SF Reit Asset Management and HSBC discussed how to best manage the volatility.
The Hong Kong government is supporting exporters with insurance and cash flow needs, with Donald Trump now, temporarily, exempting electronics from tariffs imposed on China and Hong Kong.
US president Donald Trump has ordered a 90-day pause on retaliatory tariffs above the 10% already imposed, except for Chinese goods, with tariffs now at 125% after China retaliated; the EU has also retaliated. Trump may have been fearful over the impact on the US bond market.
The merged businesses, to be called SILQ Group, help support SMEs through funding and their supply chain; the merger is backed by a $110m funding round from Valar Ventures and Saudi Arabia's Public Investment Fund.