CrossBorder
OCBC to make cross-border payments available to over 50 digital wallets by 2026
The bank is starting with Chinese digital wallets Weixin Pay (WeChat Pay) and AlipayOCBC is collaborating with Visa to make cross-border fund transfers accessible to more than 50 digital...
Citi, Mastercard team up on cross-border debit-card payments
MASTERCARD and Citigroup are collaborating to facilitate around-the-clock, cross-border payments with debit cards, giving consumers and companies another way to conduct business worldwide.
Citigroup is the first global bank...
ECB’s chief supervisor presses for cross-border mergers
THE European Central Bank’s chief supervisor pressed her case for cross-border bank mergers on Friday (Oct 4) as Italy’s UniCredit considered a bid for Germany’s Commerzbank after taking a...
StanChart banks on international ties amid demand for cross-border wealth needs: James Lye
INTERNATIONAL banking is increasingly becoming a key driver for Standard Chartered Bank’s (SCB) affluent business, as more clients look for wealth offerings outside of their home jurisdictions, said James...
PayPal enables PYUSD stablecoin for Xoom cross-border money transfers
PAYPAL Holdings’s Xoom cross-border money transfer service now allows customers to send funds abroad using US dollars converted from the PayPal USD stablecoin, the latest sign of crypto’s encroachment...
BIS and seven central banks to test tokenisation of cross-border payments
THE Bank for International Settlements (BIS) and seven central banks including the Federal Reserve Bank of New York will test using tokenization to increase the speed and integrity of...
OCBC aims to quadruple number of cross-border QR payments in 2024
OCBC announced on Tuesday (Mar 26) that it expects to facilitate 250,000 cross-border QR payments this year, four times the number of such transactions in 2023.The bank said in...
Singapore partners ExxonMobil-Shell consortium to study cross-border carbon capture and storage
THE Singapore government is partnering a consortium formed by ExxonMobil and Shell to study the feasibility of a cross-border carbon capture and storage (CCS) project, with the aim of...
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