The US consumer price index hit 4.2% in in May, up from 3.8% in April, and the highest in three years. Bank Indonesia has increased interest rates by a further 0.25% to stabilise the rupiah.
The firm has added Thailand, Indonesia, Malaysia, Vietnam and Turkey to its network. There are more businesses and consumers increasingly using digital payments across Apac.
Amid rising inflation, interest rates, and liquidity pressures, Apac corporates are seeing efficient cash flow management as essential, according to Visa's latest Growth Corporates Working Capital Index.