Tag: payment

The Mongolian national payment card has teamed up with a HK provider to be accepted in Hong Kong; the move is led by Mongolbank.

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.

Ant’s e-commerce payment platform Antom will commence operations locally later in the year.

While each business has its own strategy and budget, fraud and payment standards shouldn’t be ignored as digitalisation becomes more sophisticated; adopting more tools and cooperating with financial institutions is one approach.

CT spoke with banks, fintechs, tech providers and associations at Sibos 2024 about some of the key technical payment-related topics; we share and explain some of the key terms.

With Swift’s annual Sibos conference taking place next week in Beijing, CT examined the issues setting the agenda.

The credit card giant has become first foreign payment method widely accepted in a Chinese city’s mass transport system.

Reynels Lee has been named head of Malaysia at M-Daq Malaysia, formerly Easy Pay Transfers, which was acquired in July; the firm has a presence in seven markets.

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

The "first time" transaction was for around $3 million for imported iron ore between China's Baosteel Group and Hong Kong's Bao-Trans Enterprises.

The Apac-led embedded finance partnership aims to bring new efficiencies in payments to the B2B space and marks the first ever collaboration between Visa and SAP.