The Greater Bay Area (GBA) in China is rapidly establishing itself as a leading global hub for economic integration, technological advancement, and innovation. With a projected GDP of US$4 trillion by 2030 and accounting for a significant portion of China’s exports and imports, the GBA is poised to rival major economic regions like San Francisco [...] The post How the Greater Bay Area Is Reshaping Cross-Border B2B Payments appeared first on Fintech Hong Kong.The Greater Bay Area (GBA) in China is rapidly establishing itself as a leading global hub for economic integration, technological advancement, and innovation. With a projected GDP of US$4 trillion by 2030 and accounting for a significant portion of China’s exports and imports, the GBA is poised to rival major economic regions like San Francisco [...] The post How the Greater Bay Area Is Reshaping Cross-Border B2B Payments appeared first on Fintech Hong Kong.

How the Greater Bay Area Is Reshaping Cross-Border B2B Payments

2025/12/02 10:00

The Greater Bay Area (GBA) in China is rapidly establishing itself as a leading global hub for economic integration, technological advancement, and innovation.

With a projected GDP of US$4 trillion by 2030 and accounting for a significant portion of China’s exports and imports, the GBA is poised to rival major economic regions like San Francisco and Tokyo Bay.

This growth is fueled by robust infrastructure, proactive government support, and the adoption of groundbreaking technologies such as artificial intelligence (AI) and machine learning.

Businesses operating in the GBA are focused on enhancing supply chain resilience and tapping into lucrative ASEAN markets.

Digital transformation is revolutionising key areas such as real-time supply chain management, fraud prevention, and customer experience.

However, companies face considerable challenges due to fragmented regulatory frameworks, varying compliance requirements, and the complexity of cross-border payment systems.

Fintechs are racing to deliver seamless, cost-effective payment solutions, but the journey involves significant investment, operational risks, and the need to address unique market demands.

The eBook, The Tipping Point for Innovation in B2B Payments, offers a comprehensive exploration of how the GBA is redefining the future of B2B payments.

It details the region’s economic trajectory, the impact of advanced technologies, the evolving regulatory landscape, and the pivotal role of strategic partners like Visa Direct.

Businesses seeking to capitalise on the unparalleled opportunities in this dynamic environment will find actionable insights and proven strategies from Visa within its pages.

Ready to unlock the full potential of B2B payments in the Greater Bay Area?

Download the eBook here and position your business for success in Asia’s booming marketplace.

Images: Edited by Fintech News Hong Kong, based on visuals from Freepik (Source 1, Source 2)

The post How the Greater Bay Area Is Reshaping Cross-Border B2B Payments appeared first on Fintech Hong Kong.

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MoneyGram launches stablecoin-powered app in Colombia

MoneyGram launches stablecoin-powered app in Colombia

The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia
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BitcoinEthereumNews2025/09/18 07:04