Tag: payments

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.

The Global Trade Payment Platform, through a partnership with Visa, will help Korean SMEs cut down the number of payment receivable days, when trading with Japan, Taiwan, Singapore, the US and Mexico.

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.

Finance executives at travel agencies are looking to replace their outdated payment systems, according to an Airwallex survey.

Winnie Chen is due to onboard in Singapore from September, replacing recent retiree, Faisal Ameen, as regional leader of the region’s Global Payments Solutions division.