The partnership will allow its clients to reach a greater pool of Vietnamese consumers. Meanwhile, Chinese giants Alipay and WeChat Pay are also expected to make an entrance in the market.
DBS hopes to bring its digital expertise working with small and medium enterprises to speed up financing arrangements within a growing automotive sector in China.
Transaction banking revenues were the highest in a decade last year, according to one industry monitor. CT spoke to bankers in the region to find out what went right.
UOB announced two new solutions last week to help firms in China better hedge their FX exposure for transactions denominated in international currencies.
Goldman Sachs is aiming to target corporate customers by 2020 but treasurers should remember a cash management technology professional’s warning – embrace innovation but don’t get locked in.