Mastercard began rolling out a suite of solutions designed to help banks support the cross-border payment needs of small- to medium-sized businesses (SMBs) in the Asia-Pacific region. The new Mastercard Global Commerce Suite for Small Businesses offers multicurrency support, real-time visibility and seamless integration, the company said in a Wednesday (March 11) press release. The…
By Puja Sharma Today APAC Fintech Central Bank of Oman Cross Border Payments As part of its ongoing pursuit of strategic growth and enhanced international presence, Sohar International has received approval from the Central Bank of Oman (CBO) to establish a representative office in Hong Kong, marking a milestone in the bank’s international growth journey…
Hong Kong’s Stablecoins Ordinance marks a significant milestone, as cross-border payments using the cryptocurrency can facilitate trade-finance flows between Hong Kong, mainland China and global markets such as the Middle East, according to the CEO of Zand, an AI-powered fintech and financial-services group in the United Arab Emirates (UAE). Future development under the ordinance could…
Hong Kong authorities will strive to create a conducive environment for the wide-ranging application of stablecoins in a bid to provide practical help for businesses to resolve cross-border payment issues, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po on Sunday reaffirmed the government’s efforts in applying fintech to resolve long-standing “pain points”…
Sinziana Albu, Senior News Editor at The Paypers, shares insights into the fast fashion industry, particularly on the way multiple companies have partnered with financial institutions in order to gain back customer trust after being accused of leveraging user data illegally, polluting the environment, exploiting workers, and more. The fast fashion industry focuses on a…