The region could see almost 37% of the total global payments landscape, interoperability, digital wallets and QR codes are all likely to help the market grow from $12.8tn in 2024.
Cross-border payments platform Project mBridge continues to develop, moving from its pilot phase into the realm of the MVP. HK Fintech Week 2024 heard how it could pave the way for a new era in digital finance.
Globally, Asia has a higher level of interoperability and is a leader across a host of payment methods such as QR codes, but the region remains “extremely diverse”, according to FXC Intelligence.
SC has become the first foreign bank in the offshore market that can participate in the global clearing platform for Rmb with two large Greater Bay Area-based firms taking part in the launch.
Dec 11, 2023
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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.