Cross-border payments

Singapore merchants face up to US$1.2b losses from payment failures

Singapore merchants face up to US$1.2b losses from payment failures

Failed transactions and settlement delays expose hidden e-commerce losses for cross-border sellers.

HSBC Singapore offers zero-fee international transfers to over 60 currencies

Amongst markets covered are Malaysia, Indonesia, South Korea, and the UAE.

MAS, ASEAN central banks welcome Brunei and Laos to payment initiative

The initiative utilises QR payments, for faster cross-border transactions.

MAS, BSP partner for cross-border payment linkages

The deal will focus on real-time and QR payment systems.

MAS, France complete wholesale cross-border payment experiment using CBDC

It simulated cross-border transactions involving multiple CBDCs on a common network.