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Vorto Trading Ltd joins Cornerstone as a white label partner, to facilitate access to Asia-based capital.
Failed payments cost the Asian economy $43.7 billion in 2020.
Six global institutions have endorsed SWIFT’s new transaction management platform, expected to go live in November 2022 to transform cross-border payments.
Amid the pandemic, this market – estimated at roughly $11 billion in 2020 – is projected to reach nearly $56 billion within the next six years.
The increase in penetration of contactless and digital payment systems will boost the growth of the global NFC payment devices market over the coming years.
The bank has recruited from EY to spearhead a new digital payments solution in Asia Pacific.