Holding conditional Bank Negara Malaysia approval for payment licences since February, the cross-border trade-payment platform will route SME import-export flows through Kuala Lumpur, with Maybank, CIMB and OCBC present at the launch.

Positive-sum angle: Cheaper, compliant rails are the unglamorous plumbing of trade — every small exporter that clears a cross-border payment faster and at lower cost keeps more of its own thin margin.

Source — TechNode Global