Vietnam is implementing a plan to improve and increase non-cash payments by 2020, which will make clearing and settlements, electronic payments, FX inter-bank markets more efficient, treasurers argue.
As the Philippine central bank seals its first deals under a new cross-border framework, doubts remain as to whether treasurers will benefit as banks struggle with ingrained differences between the region's markets.
The US will be given the time it needs to settle its position before Basel III rules are finalised, a Deutsche Bundesbank official says. Meanwhile in Asia, the rules' effects are already being felt by CFOs.
Tired of seeing the supply chain disrupted by late payments, an advertising technology firm is developing a digital wallet which clients must log into and make payments to continue to use services.