US to Levy 1% Tax on Overseas Remittances Starting 2026
The US introduces 1% tax on overseas money transfers effective January 1, 2026, with significant implications for Asian economies reliant on remittance flows.
Cross-border Payments
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Mastercard Introduces Revolutionary Cross-Border Payment Solution at Sibos 2024 in Beijing
Mastercard unveiled its industry-first Move Commercial Payments at Sibos 2024 in Beijing, aiming to revolutionize cross-border banking in China’s expansive trade market.
Project mBridge and CBDCs Highlighted at Sibos 2024 in Beijing
At Sibos 2024 in Beijing, Project mBridge and CBDCs took center stage, highlighting their potential to boost global trade through innovative cross-border payment systems.
Understanding SWIFT: The Network Powering Global Cross-Border Payments
Discover how SWIFT powers global cross-border payments, connecting over 11,000 institutions across more than 200 countries and regions.
Hong Kong Expands Digital Yuan Pilot, Paving the Way for Global Currency Innovation
Hong Kong expands its digital yuan pilot program, allowing residents to use e-CNY wallets funded via the Faster Payment System, marking a significant step in global currency innovation.