New research commissioned by HSBC Commercial Banking has revealed more than half (57%) of UK businesses are planning to take advantage of the new Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to increase trade with ASEAN. The UK signed the CPTPP in July 2023 and is currently working towards ratification of the treaty. Following […]
FCI held its 55th Annual Meeting in Marrakech, with a highly successful, informative and in-depth programme involving over 50 leading industry experts via presentations and panel discussions on the latest developments, trends and challenges in the Global Factoring and Receivables Finance Industry. Following the Council Meeting which took place within the event, a new Executive […]
As a growing number of people move overseas for jobs that allow them to better support their families, remittances and cross-border payments play a key role of getting their money where they want it to go. Mastercard’s 2023 borderless payments report shines a light on some of the challenges associated with cross-border payments and potential […]
Next year will be characterised by an unprecedented wave of consolidation in the US banking sector, the leading Washington-based financial services consultant Yerbol Orynbayev said. The intervention from the former deputy prime minister of Kazakhstan follows a dip in banking M&A activity in the third quarter of 2023, but Orynbayev believes this will rebound dramatically […]
As the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables, FCI supports the development of the proper legal and regulatory infrastructure needed for the industry to strive. A proper legal and regulatory framework permits the industry to ensure that all factoring transactions are from a legal and regulatory […]
In July 2023, the number of QR code users in Indonesia reached 562,000 people, in Malaysia – by 338,700, and in Singapore – by 96,700. In Indonesia, the figure grew by 11% monthly since September 2018. One of the reasons for it could be a mandatory national QR code system (QRIS) introduced by the Central […]
Meta, Bain & Company, DSG Consumer Partners, launched its annual SYNC Southeast Asia report ‘Bold Moves: Leading Southeast Asia’s next wave of consumer growth’ today. The report revealed insights into the evolving landscape of Southeast Asian consumers and how this diversity presents significant opportunities for businesses in the region both in the near and long […]
The KPMG 2023 CEO Outlook offers an in-depth examination of the viewpoints of more than 1,300 CEOs from some of the world’s leading companies. Despite the current geopolitical and economic uncertainties and escalating cost-of-living pressures, a staggering 92% of Singapore CEOs forecast growth for their businesses. This figure significantly surpasses the 77% of global CEOs […]
Telos, a new social enterprise launching today, is working with a group of high-profile companies to further increase the positive social and environmental impact of their supply chain activity by buying more goods and services from social economy businesses. Building on the success of a pilot initiative by Social Enterprise UK, the Buy Social Europe […]
Currencies Direct, a leading international payments provider, has partnered with Transact Payments, the experts in cards and payments. The new partnership has enabled Currencies Direct to launch a multi-currency debit card, giving customers the ability to spend seamlessly in over 200 countries (wherever Mastercard is accepted). Currencies Direct has been facilitating bank-to-bank currency transfers for individuals […]
