Tag: crossborder transactions

The framework will support IDR-CNH settlement between Indonesia and Hong Kong, alongside moves to enhance Indonesia-China QR payment connectivity and CIPS access.

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.

Hong Kong’s position as a gateway to China creates outstanding opportunities for local businesses but a recent report highlights how outdated payment methods are undercutting returns and adding to costs.