Payments

The USDC issuer will acquire Singapore’s Tazapay in a $400m all-stock deal.

The 12-month regulatory sandbox will test the government collateral-backed HUMO token, as the Central Asian nation advances its digital strategy.

A weekend transaction between Singapore and New York was executed using tokenised deposits via the Swift digital ledger.

Singapore has opened a stablecoin consultation, while a rupiah-SGD framework will help cross-border trade.

Real-time payment rails, digital assets, APIs and AI are higher on the treasury agenda, HSBC's Manoj Dugar tells CT.

China's central bank has appointed the German giant as a clearing bank.

Ant Group and Alibaba Group participated in the funding round, with proceeds earmarked for the fintech firm’s global expansion and innovation in cross-border payments and financial services.

Japan's largest card network is exploring USDC to improve cross-border treasury operations and merchant payments.

The policy package seeks to deepen Hong Kong-mainland market connectivity through Bond Connect enhancements and expanded renminbi liquidity support; HKEX seeks closer CIPS connectivity.

The rollout marks the first live deployment of Citi's integrated 24/7 USD Clearing and Citi Token Services, enabling near real-time cross-border USD payments outside traditional banking hours.

As Pranav Sood returns to the company from Bain Capital, Airwallex has raised $320m from a series H funding round to help develop AI tools.

Payment Asia's merchant network will be able to connect with PayMe, which is used widely in Hong Kong, and has a user base of over 3.3 million.