Payments

The initial phase, which allows PromptPay QR code payments to be used by foreign tourists, will be live in a few weeks. Krungthai Bank will act as the settlement bank.

CT recently caught up with Manoj Dugar and Yvonne Yiu, HSBC’s Apac regional co-heads, global payments solutions, about how payments are being impacted by tariffs, AI, cost pressures, differing systems, and the desire for speed and interoperability.

Payment technology and infrastructure is advancing rapidly. CT asked how corporate payments in Asia will change in the near future.

A study has revealed settlement delays, disproportionate fees, and fragmented regulations are stifling SME growth across Asean despite their central role in trade.

The markets in Asia added are: Japan, India, Pakistan, the Philippines, Bangladesh, Thailand, Vietnam and Nepal; the UAE in the Middle East has also been added.

34 banks from 16 markets will support a phased development of the blockchain-based network.

Chang, formerly at Amazon Web Services, is replacing Shirley Yu who is retiring at the end of the year after a decade in the role.

Amit Baraskar, vice president & head of treasury at Thomas Cook India Group, shared insights into the company’s renewed focus on mid-office controls, automation, and workshops, with CorporateTreasurer.

Bankers spoke to CT about key trends observed across Apac treasury teams, at Bank of America’s Treasury Leaders Summit in Singapore.

Experiments have proved availability of direct payments from bank accounts to digital wallets.

Ebanx sees opportunities in a young, tech savvy population in Southeast Asia; it is also the first Brazilian company to receive a Major Payment Institution licence in Singapore.

The move by the global payment and treasury management firm follows the acquisition of Transfar Pay from the Transfar Group.