Tag: payment

The initial phase, which allows PromptPay QR code payments to be used by foreign tourists, will be live in a few weeks. Krungthai Bank will act as the settlement bank.

Payment technology and infrastructure is advancing rapidly. CT asked how corporate payments in Asia will change in the near future.

34 banks from 16 markets will support a phased development of the blockchain-based network.

Experiments have proved availability of direct payments from bank accounts to digital wallets.

The rise of super-apps and digital platforms is reshaping payments infrastructure – and giving banks and fintechs a new path to growth.

The partnership aims to connect European and Asian local market payment capabilities across B2B and consumer spending flows.

Naveen Mallela, global co-head at JP Morgan's Kinexys, explained to CT how blockchain technology is enabling payments, and how global and Apac firms are embracing its use, including in the Middle East.

The aim is to target China’s growing population living abroad.

Phil Carmalt will start in the role at BofA on May 29 and will continue to be based in Hong Kong.

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.