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With growing awareness of the importance of digitalisation, SMEs in Hong Kong plan to ramp up their investments towards it – but rising interest rates are making access to funding more difficult, research by DBS has found.
The pair’s collaboration will offer corporates improved access to the bank’s suite of treasury tools.
The transaction was carried out via SGTraDex and demonstrates another use case for the blockchain-based data-sharing platform.
DBS’s head of cash management products shared the latest developments in payments systems that will impact corporate treasurers.
DBS and Xero have built on an existing partnership to increase access to working capital loans for SMEs, who face the prospect of higher costs.
This will allow FOMO Pay merchant clients to begin accepting payments in cryptocurrency.