China is at the vanguard of the new payments revolution and nowhere is set to feel the pain more than China’s banks. A new report outlines just how deeply new fintech is cutting into China’s bank revenues
CT spoke with DFS and Tencent to find out how treasurers are surfing the WeChat Pay phenomenon and why PSP settlement is giving the e-pay platform the edge
Improving cash flow and working capital is one of a treasurer’s chief challenges - a Finnish industrial has turned to Standard Chartered and WeChat Pay for a solution
E-payments solutions are slowly spreading across Southeast Asia, but a fragmented regulatory framework makes harmonisation of payment systems a distant goal.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
The deal between the two payments systems could improve corporates' ability to manage renminbi, their relationships with suppliers, and lower the cost of renminbi transactions, market experts claim.
Blockchain is widely touted as a tool that will save banks billions, but savings on payments and settlements will give treasurers leverage to demand cost cuts.