Close to 60% of countries worldwide are exploring central bank digital currencies, with 11 already having deployed them, but the private sector also needs to step up, said IMF's managing director at Singapore Fintech ...
The bank has closed the drawdown of a RMB400 million short-term cross border loan for a Brazilian subsidiary of Chinese energy giant State Power Investment Corp, a move that will help internationalise China's currency.
With Bank of China as the first institution signed up, the pilot programme aims to facilitate the onboarding process for corporates trading with Chinese firms.
Cross-border payments players globally saw a 35% decline in M&A activities in the first three quarters 2023, according to analysis from FXC Intelligence.
The partnership offers suppliers access to payments at an earlier stage of the traditional supply chain, enabling more efficient release of working capital.
VNG Digital Business recently revealed its latest suite of cloud computing platform services, which are set to support the digital transformation agendas of Vietnamese corporates.
Singapore’s B2B-focussed corporates stick to traditional cross-border payment methods despite a growing demand for digitisation, a report by Rapyd has revealed. Eric Rosenthal, the firm’s chief strategy officer, ...
Visa-owned Currencycloud is working to expand its client base in China. In a discussion with CT, Rohit Narang, leader of the firm’s Cross-Border Solutions, highlighted the markets’ significant growth potential.
Increased digitalisation - and digital payments - are now among the chief incentives for global businesses to set up shop in Southeast Asia, according to a new HSBC survey.
