Tag: payments

Payment Connect, which currently involves 12 financial institutions, links Hong Kong's FPS with China's IBPS, and went live on June 22.

The licence allows the global payment firm to directly partner with local firms.

A combination of alternative shipping routes, higher prices, less trade and reduced investments, are all expected, according to a trade survey; there is more uncertainty ahead as the end of the 90-day pause edges closer.

JP Morgan Payments' global head of treasury services discussed how Apac corporate payments are evolving, including the drive for real-time, digital wallets, APIs and blockchain.

With more fast and cheap options in the region's payments universe, transaction banks must now layer added services to remain competitive.

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.

Adnan Zaylan Mohamad Zahid, deputy governor at the Bank Negara Malaysia, told an audience at Money 20/20 Asia that Asean is innovating with cross-border payments, QR codes, Project Nexus, sandboxes and Islamic finance.

As Asia Pacific (APAC) corporations seek to expand their global footprint, the role of treasury and finance teams is undergoing a significant transformation. J.P. Morgan Payments’ Manish Patel shares his thoughts on how treasurers can drive success.

Chen will focus on growing Mastercard’s market presence and exploring new opportunities in the digital economy.

The global fintech firm, which is bringing payments on-chain, has recently closed a $10m funding round as it looks to reduce remittance costs in Asia.

CorporateTreasurer recently caught up with Winnie Chen, head of Asia Pacific, global payments services, Bank of America, to discuss real-time payments, QR codes, cross-border transactions and more.

Overseas transactions surged 30% over 2024 as visa policies helped Chinese consumers travel more this year. In addition, the use of overseas e-wallets in China increased by 94%.