MAS, Bank of Canada blockchain trial promises cross-border payment gains
by Graham Buck
The successful experiment by the two central banks could make cross-border payments faster and more efficient.
Cash & Liquidity Mngm in Asia-Pacific
Background
There are some 40 countries in the Asia-Pacific region ranging from some of the poorest to rich countries like Japan and New Zealand. There is also a major difference between the countries' cash…
Read moreSurvey has Hong Kong favourite for regional treasury centres
by Graham Buck
China’s booming economy and HK’s proximity to the mainland have helped it achieve prominence, reports East & Partners.
Banks agree $2bn loan for Vietnam coal-fired power plant
by Graham Buck
JBIC leads the consortium that will fund a project that breaches international agreements to phase out fossil fuels.
Amazon Pay enters India’s P2P payments market
by Graham Buck
Despite an already crowded market, the online giant believes that the country still lacks an efficient money transfer service.
China’s EXIM Bank makes $37bn in green loans
by Graham Buck
The Export-Import Bank of China had lent more than 250 billion yuan to green industries by the end of 2018.
BNP Paribas, LianLian Pay partner on China e-commerce business
by Graham Buck
The partnership will offer integrated collections solutions for e-commerce that consolidate online sales and offline mobile collections
Citi adds biometric authentication for Apac business clients
by Graham Buck
The bank’s institutional clients in China, India, Singapore, Thailand and Vietnam can access the new facility.
India’s NPCI bank consortium examines blockchain
by Graham Buck
The National Payments Corporation of India will review the potential of distributed ledger technology to improve digital transactions.
Amazon ‘calls time on China retail operations’
by Graham Buck
The US e-commerce giant is reported to have admitted defeat in its contest against local rivals such as Alibaba and JD.com.
Western Union partners with Philippines fintech on cross-border payments
by Graham Buck
The US financial services giant will integrate Coins.ph’s mobile wallet into its cross-border payments platform.
India’s Tata settles securities using blockchain
by Graham Buck
Tata Consultancy Services completed a blockchain pilot to create a set of cross-border securities on its BaNCS network
Asia’s major corporates step up digitisation drive
by Graham Buck
The region’s biggest companies are investing in new technology to update their banking and treasury operations.
Credits targets India’s banks with high-speed blockchain network
by Graham Buck
The Singapore-based blockchain platform has already held meetings with the country’s leading banks.
HSBC uses Voltron blockchain platform for live LC
by Graham Buck
A letter of credit transaction between Australia and China used the trade finance platform, which officially launched last October.
Line Corp plans move into fintech and payment services
by Graham Buck
The messaging app wants to ride the wave as Japan accelerates its drive to double cashless payments by 2025.
Deutsche Bank joins China’s NetsUnion network
by Graham Buck
The NUCC has quickly established itself as a main component of the country’s financial infrastructure system.
China’s SME treasurers ‘slow to embrace technological change’
by Graham Buck
Widespread take-up of mobile banking in the retail market hasn’t yet seen a similar impact on Chinese corporate and business transactio
Visa teams with EMQ for Apac cross-border remittances
by Graham Buck
EMQ’s network and the Visa Direct platform combined aim to provide more choice and transparency for cross-border transactions.
Malaysian SMEs look to alternatives to ease funding squeeze
by Graham Buck
Many of the country’s key smaller businesses need capital injections for growth and are looking to the private sector for funding.
China’s central bank accelerates drive to regulate fintech
by Graham Buck
The People’s Bank of China said that cutting financing costs for business is one of its primary goals.
MAS to embrace blockchain for international payments
by Graham Buck
Singapore’s central bank has confirmed its commitment to using the new technology under ‘Project Ubin’.
Standard Chartered to launch open platform for India’s SMEs
by Graham Buck
The bank says that it will offer access to business loans, supply chain financing and logistics.
Reserve Bank of India moves to ease liquidity squeeze
by Graham Buck
The forthcoming US$5 billion FX swap auction marks a new tactic by India’s central bank.
Citi extends FX pricing and trading engine to Singapore
by Graham Buck
The new trading engine is supported by the MAS and will go live by the end of this year.