Payments

The cooperation includes USD and CNY settlement and transfer services in Hong Kong and mainland China.

Yang Wen, Swift's head of North Asia, shared his views with CT on how ISO 20222, fraud detection, AI-driven analytics and digital payments, including on wallets, are evolving in Asia Pacific.

The link is available at businesses and is between Indonesia’s Quick Response Code Indonesian Standard (QRIS) and apps from Alipay and UnionPay International.

The payment firm is exploring blockchain and Web3 digital finance in the Special Administrative Region.

Amid an array of digital initiatives in the region, Apac cross-border payments are expected to hit $24 trillion by 2033; B2B and B2C payments are leading the way.

The firm has added Thailand, Indonesia, Malaysia, Vietnam and Turkey to its network. There are more businesses and consumers increasingly using digital payments across Apac.

From supply chain disruptions, shifting assumptions around rates and tenant fragility, CFOs and treasurers are dealing with the ripple effects of uncertainty across balance sheets, according to a panel at CTWeek.

As treasurers show more interest in the use of digital assets, the two firms will integrate stablecoins into payment flows over the next few months.

Market fragmentation has left Asian treasurers playing catch-up when it comes to leveraging the benefits of artificial intelligence. Paul Golden spoke to several senior market participants.

Payments, including remittances, across Australia, Bangladesh, Canada, China, Germany, India, Pakistan, Spain, Thailand, the UK and the US, will come with certainty of cost, end-to-end traceability, and faster speeds, with over 25 banks go live by the end of June.

Digitalisation is being brought to the logistics sector through easier document validation and payment processing, significantly reducing time and cost for carriers and shippers.

The aim is to improve liquidity management, optimise cash flows and meet more payment deadlines for clients of the Bahrain-headquartered bank.