Staff Reporter

What do SMEs expect from modern payment solutions?

What do SMEs expect from modern payment solutions?

ABF spoke with industry experts from Mastercard, Enterpryze, Boku, and Xfers to learn more.

Wider adoption of e-CNY poses risks to China’s banking system: Moody’s

Digital renminbi will test banks’ ability to address risks.

ASEAN fintech funding achieves record $3.5b in 2021: study

Funding to investment tech and cryptocurrency firms grew by over 5x since 2020.

Citi raises record $40b sustainable financing for APAC clients in 2021 YTD

This was thanks to Alibaba’s $5b offerings and a $2.5 bond issuance by SK hynix.

China offers banks cheap funding for lending to green firms

The central bank is willing to lend 60% of the required funds at a 1.75% rate.

HSBC ahead of China wealth hiring targets, mulls re-entering India private banking

By end-2021, HSBC will have 64 working in its China onshore private banking.

Singapore banks, SGTraDex to develop standards for green trade finance digitalisation

UOB, DBS, OCBC, and Standard Chartered are participating in the initiative.

Mastercard sets its sights on SMEs with new BNPL commercial card solution

The Pay & Split provides SMEs with the first-of-its-kind, network-based, open-loop payment solution.

MAS, BSP ink enhanced fintech cooperative agreement

Singapore and Philippines' remittance flows totalled S$2.89b last year.

Regulation, late digitisation challenge Web 3.0 adoption in wholesale banking

Web 3.0 is taking over, but many businesses have yet to move past Web 1.5.

UOB TMRW rolls out feature measuring ASEAN customers’ carbon footprint

It will be generated based on their spending and saving habits.

Singtel’s Dash to allow international digital money transfers

This is made possible through Singtel’s partnership with Western Union.

Mastercard launches cryptocurrency-linked payment cards

Users will be able to convert crypto into traditional fiat money.

NETS opens up global commerce with Alipay+ integration

Local merchants will now be able to receive Singapore currency from global consumers.

UOB launches gig employment model for retirees

The bank made the move to strengthen its multi-generation workforce strategy.

MAS and Bank Indonesia extends $10b bilateral financial agreement

The two extended the agreement until 4 November 2022.

Singapore to invest S$180m for AI research

Heng kicked off the SFF 2021 and announced two new national AI programmes.