Reynels Lee has been named head of Malaysia at M-Daq Malaysia, formerly Easy Pay Transfers, which was acquired in July; the firm has a presence in seven markets.
ANZ's managing director, transaction banking, told CT that the digital transition for corporate payments is continuing apace, as cheques and batch payments are increasingly phased out.
Winnie Chen is due to onboard in Singapore from September, replacing recent retiree, Faisal Ameen, as regional leader of the region’s Global Payments Solutions division.
The former Citi director has an expanded role as CFO and COO at the payment platform which processes over $500m a year and is expanding into New Zealand in the "coming months".
The internationalisation of the renminbi has always been a strong focus for Beijing, but a recent IMF report suggests it could be losing ground to other non-traditional reserve currencies.