Tag: crossborder payment

While wider migration has been adopted across banks, corporate clients are being encouraged to follow suit to create a standardised payment ecosystem.

Multiple payment fintechs have announced expanded offerings across Apac, reflecting a growing cross-border payment space that might challenge traditional players, especially for SMEs.

Regulators in the city are betting on fiat-referenced stablecoins to become the next trailblazer in domestic and cross-border payments.

The Chinese SME cross-border payment platform wants to facilitate Chinese merchants’ local currency collection in markets where trade flows are growing, including Africa.

Cash pay-outs are still often used in emerging markets where some suppliers don’t hold bank accounts. FX risks, retail relationship management and service fees add to the costs on companies, with Thailand being the most expensive Asian country.

Cross-border payments players globally saw a 35% decline in M&A activities in the first three quarters 2023, according to analysis from FXC Intelligence.

Singapore’s B2B-focussed corporates stick to traditional cross-border payment methods despite a growing demand for digitisation, a report by Rapyd has revealed. Eric Rosenthal, the firm’s chief strategy officer, discusses this finding.

B2B enterprises in Hong Kong are less satisfied with current digital payment capabilities than their B2C peers, while procurement continues to rely on traditional payment methods.

The partnership will enable GTreasury’s network of more than 800 large corporate and enterprise clients to integrate with Convera’s payments platform, enabling access to global banking networks.

The collaboration offers PPRO customers merchant access to the PayPal Commerce Platform, further enabling cross-border payment activity.

A new survey looks at the shape of things to come for corporate treasurers. Will you be driving smaller teams with greater responsibility, or automating yourself out of existence?

Singapore’s central bank has provided the market with a glimpse into the strengths and weaknesses inherent in a new wave of distributed ledger technology.