, Hong Kong

Hang Seng Bank onboards SWIFT platform for faster cross-border payments

Payments can be credited within minutes.

Hang Seng Bank has gone live on SWIFT’s global payments innovation (gpi) service, leading to over 160 banks globally signing up for the service.

SWIFT gpi facilitates faster payments to end-beneficiaries, with most payments being credited within a matter of minutes.

“With SWIFT gpi, our customers will benefit from a more efficient and transparent payment process as part of our ongoing efforts to strengthen our cash management capabilities,” said Hang Seng head of commercial banking Donald Lam.

This comes on the heels of ten Chinese banks that have earlier onboarded SWIFT’s gpi which includes three of the country’s large state lenders Bank of China, Industrial and Commercial Bank of China and China Construction Bank.

Also read: APAC banks to launch cross-border real-time payments via SWIFT gpi

A consortium of Australian, Chinese, Singapore and Thai banks are planning to launch a cross-border real-time payments service for Asia Pacific region powered by SWIFT’s global payments innovation (gpi) initiative, according to a press release. Participating banks includes Singapore’s DBS, Australia’s ANZ, CBA and NAB, Thailand’s Bangkok Bank and Kasikorn Bank, China’s ICBC.

Launched in January 2017, the SWIFT gpi buoys cross-border payments in over 350 country corridors through its enhanced business rules and a secure tracking database in the cloud accessible via APIs allowing businesses to grow their international footprint, improve supplier relationships and achieve greater treasury efficiencies.

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.