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UOB speeds ahead on cross-border payment

The bank has tested fund transfers between Singapore and Thailand using mobile numbers and looks to repeat this in the region.

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"What we started to see from an infrastructure point of view is that for the bank, with every different regulator coming out with requirements, we could have a proliferation of multiple gateways (and) multiple technologies ...," said Mr Greenaway.

Singapore

THE race to send payments across borders in Asia is coming down to a blink of an eye and UOB has quietly worked behind the scenes to soup up regional fund transfers at a lower cost, a top executive at the bank said.

At the end of last year, UOB made public Asean's first...

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