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Key Trends Shaping Cross-Border Payments in APAC

Fintech News

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. trillion in consumer spending across channels in 2023.

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Revolutionising Cross Border Payments in the APAC Ecosystem

Fintech News

In the Asia-Pacific (APAC) region, the economic growth narrative is interwoven with technological innovation, propelling the B2B payments market into new realms of possibility. These diverse payment modalities symbolise businesses’ dynamic strategies to navigate the varied financial terrains across the Asia-Pacific region.

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Southeast Asia’s Trailblazing Role in Real-Time Cross-Border Payments

Fintech News

In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.

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Unlimit Partners with Shoplazza to Enhance Cross-Border Payments for Chinese E-Commerce

Fintech Finance

The partnership is focused on enhancing cross-border payment services for e-commerce merchants in APAC. Unlimit’s global payment portfolio consists of 1,000+ directly integrated payment methods and local acquiring licenses operating across 5 continents. significant surge in import-export volume in 2023.

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HitPay Unveils Single Switch for Cross-Border Payments, Providing Access to 10 Global Real-Time Payment Schemes With Unmatched Flexibility and Cost Savings for Businesses

Fintech Finance

The Challenge Cross-border payments are critical yet often costly and complex, especially for growing businesses expanding into Southeast Asia and South Asia. Geopolitical shifts have diversified supply chains, and real-time payments have become the preferred method for digital transactions in these regions.

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Is Project Nexus a Model for Global Instant Cross-Border Payments?

Fintech News

The ambitious initiative is targeting to transform cross-border payments in Southeast Asia (ASEAN) initially, before the broader Asia Pacific (APAC) region and, eventually, the world. Nexus is designed to standardise the way domestic payment systems connect with each other across borders.

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Currencycloud Powers OPAL to Simplify Cross-Border Payments for SMEs

Fintech News

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. The implementation was planned for the progressive phasing in of new services, and the experience for the initial phase was smooth.