Digitalisation

The idea is to harness the HKMA's Commercial Data Interchange to help improve access for SMEs to trade finance.

With more fast and cheap options in the region's payments universe, transaction banks must now layer added services to remain competitive.

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.

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 Mongolian national payment card has teamed up with a HK provider to be accepted in Hong Kong; the move is led by Mongolbank.

Jennifer Barker, global head of treasury services and depositary receipts at BNY, recently discussed cross-border and instant payments, collaboration, Swift, AI, trade finance, and more, with CT.

Retail sales and industrial output have beaten expectations for January and February, as China's leadership eyes 5% GDP growth again; meanwhile global suppliers are showing optimism for the year ahead, according to a survey.

The ChatGPT-like chat tool helps address treasury related enquiries based on existing databases; it is understood to be one of the first entries into this market.

The global payment firm believes that Apac will "drive the global acceleration in money movement in 2025".

HK's financial secretary is injecting HK$1.5bn into a scheme that helps Hong Kong businesses expand into mainland China, as Paul Chan predicts 2% to 3% GDP growth this year.

Chen will focus on growing Mastercard’s market presence and exploring new opportunities in the digital economy.

The global fintech firm, which is bringing payments on-chain, has recently closed a $10m funding round as it looks to reduce remittance costs in Asia.