HKMA and BOT will explore the use of local currencies in cross-border trade and collaboration in financial digitalisation, fintech, and sustainable finance.
January 31, 2024Ping An Bank has adjusted its risk assessment and funding approval procedures to enhance funding support to China’s property sector.
January 17, 2024Travellers from Thailand and Hong Kong can make retail payments by using their mobile banking apps to scan the Hong Kong and Thai QR codes displayed by merchants.
December 5, 2023The e-CNY app now allows foreigners to top up their digital wallets using global payment networks Visa and Mastercard.
September 27, 2023The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.
September 13, 2023The policy requires banks to apply early warning indicators and liquidity stress tests to identify emerging liquidity risks and vulnerabilities.
August 29, 2023Kakao Pay is alleged to have received illegal subsidies from NICE Information & Telecommunication, a leading value-added network operator.
July 5, 2023The stablecoin is intended to serve as a payment method for foreign trade without requiring the use of any fiat currency.
January 17, 2023Russia still has to identify its own corresponding banks to help facilitate trade with India, but this is expected to be announced in the next two weeks.
September 16, 2022Banks that engage or partner with third-party service providers when launching BNPL products will be held accountable for the actions of those providers.
September 5, 2022