Merge, a B2B fintech company that provides payments and banking infrastructure for digital businesses via a single API, is significantly expanding its currency coverage, adding US dollars (USD) and 60 other currencies to its existing GBP and EUR offerings. Merge’s expanded offering will include additional currencies from G10 countries like Australia, Japan, Canada, and Switzerland. […]
China has recovered its position as top spender on international tourism in 2023 as Asia and the Pacific consolidates its recovery from the impacts of the pandemic. In 2022, the list of top spenders was headed by the United States. France, Spain and USA took the top spots for most-visited destinations. Top Tourism Spenders in […]
14 of the 15 fastest growing cities by 2033 are likely to be in Asia, says Savills, posing particular opportunities for new development and business expansion, with the only non-Asian city to feature in the top 15 list being Riyadh in Saudi Arabia. Savills examined the economic strength pillar of its Resilient Cities Index, produced […]
Small businesses in Taiwan are expecting to rebound this year, reflecting growing confidence in the domestic economy, increasing numbers of respondents having new employment plans and a positive export outlook, a new survey conducted by accounting body CPA Australia found. The annual Asia-Pacific Small Business Survey conducted by CPA Australia reveals a significant V-shaped rebound […]
The latest economic report for the first quarter of 2024 from Bank Negara Malaysia (BNM), combined with new, revised data from the Department of Statistics Malaysia (DOSM), gives optimism about Malaysia’s economy in the coming year. Thus, the economy grew by 4.2% at the end of the first quarter of 2024, beating the 3.9% growth […]
In 2023, the World Factoring industry demonstrated robust resilience and growth, with a notable 3.6% increase in volume compared to 2022. This follows two consecutive years of double-digit growth, bringing the volume to €3,791bn, up from €3,659bn in the previous year. Although the growth rate has normalised compared to the volatility of recent years, it […]
German businesses plan to increase investment in people and production in the UK, but more needs to be done to improve post-Brexit trading, say leading business and tax advisory firm, Blick Rothenberg. Nils Schmidt-Soltau, a partner at the firm, said: “A recent survey by the German-British Chamber of Commerce found that most UK-based German businesses […]
According to the latest figures, the European factoring industry experienced continuous growth in 2023, but at a slower rate compared to previous years. The total factoring turnover for European countries reached 2tn 44bn euro, with a year-on-year growth rate of 2,1%. While this growth rate is among the lowest recorded by the EUF since data […]
The number of Mainland Chinese small businesses that expect to grow and hire new employees this year is on the rise, reflecting an improving business environment, according to a new survey by one of the world’s largest professional accounting organisations, CPA Australia. CPA Australia Asia-Pacific Small Business Survey 2023-24 – Mainland China results CPA Australia’s […]
Brite Payments, a leader in instant bank payments, today announced that it has partnered with leading e-commerce platform Shopware to bring the benefits of its open banking-based instant payments to businesses across Europe. Shopware merchants can now easily activate Pay by Bank (aka account-to-account or A2A payments), which enables their customers to pay instantly, directly […]
