The collapse of traders like Hin Leong Trading Pte Ltd and Zenrock Commodities Trading Pte Ltd (“Zenrock”) left banks that made payments under letters of credit (LCs) out of pocket… read more →
Much effort is spent in the trade finance community finding ways to increase access to financing – perhaps one of the industry’s main missions. However, accessibility comes in many forms: a recent Asian Development Bank project focused on tackling disability inclusion, promoting accessibility in partner banks across Asia.
A newly released Visa report into cross-border payments consumer preferences shows a booming industry with a young, varied client base who prioritises security in their payment decisions. Despite a growing… read more →
The responses assume 2025’s key financial trends: digitalisation through generative AI (GenAI), cloud adoption, and API-driven ecosystems. These come with a strong emphasis on regulatory compliance and environment, social, and… read more →
The new platform consolidates the bank’s digital transaction banking, financial markets, and digital platform capabilities to facilitate FX payment services across more than 130 currencies in over 40 markets. The… read more →
The global payments processing market, currently valued at $55 trillion, is projected to reach $79 trillion by 2029, growing at an annual rate of 7%. With this in mind, the… read more →
A critical sector, but unevenly spread The International Credit Insurance and Surety Association, ICISA, estimated that 15.07%, or €8.5 trillion, of global trade in 2023 was supported by short-term trade… read more →
The design note outlined four key workstreams that will shape the future of Britain’s digital currency: product vision, scheme regulation, technology architecture, and operational framework. The initiative envisions a public-private… read more →
New initiatives like the US’s FedNow and the EU’s Wero leverage technology to speed up payments and simplify compliance and data collection, paving the way for more integration in payments beyond the national level.
The scheme allows for the instant transfer of funds in euros within the Single Euro Payments Area (SEPA). As of Wednesday’s announcement, all payment service providers in Croatia must be… read more →
