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Tencent, the Chinese multinational conglomerate, has extended its cross-border payment service, TenPay Global, to non-Chinese citizens. This move allows overseas individuals to send money directly into China and avail themselves of WeChat-related services.…
The antiquated systems of cross-border payments are imposing a substantial financial burden on businesses in Singapore, confining billions of dollars in operational capital and diminishing economic efficiency. This is according to recent research conducted by…
DCS Group, previously known as Diners Club Singapore, has announced the appointment of Jia Hang as its new executive chairman. This represents the most senior leadership addition in the group’s history, underlining its ambition to revolutionise cross-border…
Swiss institution UBS has announced a strategic partnership with Singaporean fintech firm Ant International. The collaboration aims to build blockchain-based tokenised deposits to facilitate real-time global payments. This alliance marks a significant…
Singapore and the United Kingdom’s financial regulators have initiated a novel partnership that focuses on artificial intelligence (AI). The aim of this collaboration is to enhance cross-border opportunities between the two markets. The Monetary Authority of…
Discover the current and upcoming shopping behaviours that will shape the future of cross-border commerce, and emerging trends that will help integrate and bring seamless shopping experiences to your customers. During the pandemic, 10 years of forecasted…
Singapore-based YouTrip aims to scale its product offerings, including venturing into the B2B payments space, and accelerate its expansion across Southeast Asia. YouTrip has raised $30 million in a Series A funding round driven by returning investors from…
Banks looking to capitalize on wealth management opportunities from the Greater Bay Area will have to wait until travel bans are lifted, according to the Hong Kong Monetary Authority. HKMA chief executive Eddie Yue said that the existing travel bans make it…
The Chinese government last week announced that it will improve its e-commerce retail import policy to boost consumption. “We need to take a holistic approach, exercise prudent yet accommodating regulation to fully unleash the growth potential of cross-border…
Singtel and Thai mobile affiliate AIS have jointly launched a cross-border mobile payment alliance known as VIA, introducing Singapore-Thailand cross border mobile payments in collaboration with Thailand’s Kasikornbank. Through the collaboration, Singtel and…
Cross-border e-commerce is the new fashion trend in China, powered by a rising middle class and robust economic growth. With an estimated 125 million Chinese consumers purchasing $105 billion of overseas products through this channel in 2017, according to a…
SWIFT has joined forces with a group of SWIFT gpi banks from Australia, China, Singapore and Thailand to develop a unique cross-border real-time payments service in the Asia Pacific region. SWIFT has held exploratory talks with banks from the Asia Pacific…
SWIFT announces today the availability of its new cross-border payments Tracker that enables international payments to be traced in real-time. The Tracker is the cornerstone of SWIFT gpi – the cooperative’s new payments innovation service – which is…
Cross-border e-commerce is now the fastest growing segment in the retail market, according to a report published by DHL Express. Cross-border sales volumes are predicted to increase at an annual average rate of 25% – from $300 billion to $900 billion –…
Cross-border e-commerce in China will hit $85.76 billion this year, up from $57.13 billion in 2015, as 40 percent of China’s online consumers buy foreign goods, according to a new analysis by digital marketing researcher eMarketer. EMarketer estimates that…
China Shun Ke Long, a supermarket chain store operator in Guangdong province, entered into a cooperation agreement with Hengli Limited, the wholly-owned subsidiary of Foshan Shunde Shente Trading Limited. The Group will sell cross-border goods, general goods…
