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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.
Corporate treasurers of some of the world’s largest companies discuss why and where they established their regional treasury centres (RTCs).
Companies - both Western and Asian - are finding creative ways to make cross-border payments in the region more efficient.
As Apple Pay closes in on its 1,000th US card issuer a cashless society is coming closer than ever.
The development of the AEC is exciting, but many areas – particularly services and
finance – will remain heavily protected.
As more consumers feel at ease paying for goods online, treasury departments need to safely support e-commerce digitally.
The IMF could announce this week whether it wants to add renminbi to the special drawing rights basket of currencies. Some banks are betting that China has done enough.
In December 2015, the ASEAN countries will form the ASEAN Economic Community. The economic prognosis is good.