Tag: crossborder

A weekend transaction between Singapore and New York was executed using tokenised deposits via the Swift digital ledger.

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

The ability to facilitate real-time payments, quicker cash forecasting, and interoperability are becoming key for liquidity, according to senior executives at HSBC and JP Morgan.

The global payment firm believes that Apac will "drive the global acceleration in money movement in 2025".

CT spoke with banks, fintechs, tech providers and associations at Sibos 2024 about some of the key technical payment-related topics; we share and explain some of the key terms.

With Swift’s annual Sibos conference taking place next week in Beijing, CT examined the issues setting the agenda.

The Chinese payment firm, which helps MSMEs conduct cross-border trade, has plans for 200 countries, including Vietnam, Bangladesh, Thailand and Pakistan.

The two lenders are aiming to provide businesses with digital payments and banking for collections and payouts across the two regions.

The "first time" transaction was for around $3 million for imported iron ore between China's Baosteel Group and Hong Kong's Bao-Trans Enterprises.

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.

A global survey by Swift into the low value cross-border payment market has highlighted the importance of security and the adverse impact of hidden fees.

The pair have established a strategic relationship to support the ambitions of corporates active in the e-commerce sector.