Tag: payments

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%.

The major payment institution license will help the Chinese firm facilitate payments for SMEs across Vietnam, Malaysia, Philippines, Singapore, Indonesia and Thailand.

The fintech, which is aimed at SMEs and startups, has received MAS in-principle approval for the major payment institution license.

Alipay+, Ant International’s cross-border payment firm, has agreed with Nepal’s Himalayan Bank for more than 10 payment partners, including many Asian ones, to be accepted in Nepal.

The rise of cryptocurrencies is reshaping the payments landscape globally; while regulatory challenges persist, some Asian businesses are pushing the boundaries, making digital currencies a viable alternative for real-time transactions.