Banks & Service Providers

The pilot offering will pay interest and return the principal by stablecoin, as the country experiments with other stablecoin use cases.

Managing liquidity, securing visibility and having more control over payments is becoming more important for Apac treasury teams.

The digital lender is deepening its support for Uzbekistan’s SME sector with larger and longer-term financing.

There have been several recent digital asset and payment initiatives from banks and fintechs aiming to better link Apac firms with the Middle East.

Swift's conference is underway in Miami with tokenisation, AI, trade finance, regulations and payments as key topics.

The infrastructure giant's return to the offshore renminbi market will help fund railway, renewable and electricity projects around the world.

The Australian exchange has also hired a COO, and a clearing and settlement managing director.

Aymar de Liedekerke Beaufort has taken on the transaction banking remit alongside his role as head of Apac global banking.

The US Federal Reserve has increased the benchmark interest rate to a target range of 3.75% to 4%. On September 18, the Bank of Japan raised rates by 0.25% to 1.25%.

The bank said connectivity to China’s cross-border payment system will support more efficient Renminbi settlement.

A trial has applied HKD stablecoin to logistics and hospitality-related payments, while Thailand has expanded a blockchain payment test.

The global bank has named heads of trade for Japan, North Asia, South Asia, Australia, the Middle East and Africa.