Tag: payments

Philippines’ fintech GCash's wallet app is teaming up with Google Play for payments; the method uses biometric verification.

CT recently caught up with Manoj Dugar and Yvonne Yiu, HSBC’s Apac regional co-heads, global payments solutions, about how payments are being impacted by tariffs, AI, cost pressures, differing systems, and the desire for speed and interoperability.

A study has revealed settlement delays, disproportionate fees, and fragmented regulations are stifling SME growth across Asean despite their central role in trade.

The markets in Asia added are: Japan, India, Pakistan, the Philippines, Bangladesh, Thailand, Vietnam and Nepal; the UAE in the Middle East has also been added.

The move by the global payment and treasury management firm follows the acquisition of Transfar Pay from the Transfar Group.

Payment Connect, which currently involves 12 financial institutions, links Hong Kong's FPS with China's IBPS, and went live on June 22.

The licence allows the global payment firm to directly partner with local firms.

A combination of alternative shipping routes, higher prices, less trade and reduced investments, are all expected, according to a trade survey; there is more uncertainty ahead as the end of the 90-day pause edges closer.

JP Morgan Payments' global head of treasury services discussed how Apac corporate payments are evolving, including the drive for real-time, digital wallets, APIs and blockchain.

With more fast and cheap options in the region's payments universe, transaction banks must now layer added services to remain competitive.

The region could see almost 37% of the total global payments landscape, interoperability, digital wallets and QR codes are all likely to help the market grow from $12.8tn in 2024.

Adnan Zaylan Mohamad Zahid, deputy governor at the Bank Negara Malaysia, told an audience at Money 20/20 Asia that Asean is innovating with cross-border payments, QR codes, Project Nexus, sandboxes and Islamic finance.