Singapore-headquartered Ant International said it has developed an AI model that predicts currency exchange rates on an hourly basis for both inbound and outbound transactions, which would help businesses reduce transaction costs and better allocate resources, the company said in a statement on Thursday. “Integration of AI into the processing of cross-border transactions is of … Read more
Tokenisation could drive real-time cross-border payments, Ant Group CEO Eric Jing Xiandong told an audience at Hong Kong FinTech Week on Monday, a topic he elaborated on while extolling the progress that Alipay has made in the city. “With tokenised deposits, that’s a really, really, really huge value for cross-border payments,” Jing said in a … Read more
Bangladesh, Nepal and Sri Lanka have backed India’s proposal to initiate a work programme at the World Trade Organization (WTO) for cheaper, faster and more accessible cross-border payments including remittances. The three WTO members became co-sponsors to India’s submission even as the US and EU attempted to block it in the draft Abu Dhabi package, … Read more
