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HSBC has launched a cash concentration solution for its corporate clients to manage their in-country liquidity seven days a week.
The Bank of Korea (BOK) cited weakening consumer sentiment and external pressures, including trade uncertainty and global monetary trends, as key factors in its decision. Analysts widely expected the move, which brings the policy rate to its lowest level since mid-2022.
A new collaboration between ACE Money Transfer and Mastercard Move aims to speed up and make international remittances more convenient for customers across multiple regions. The partnership will allow ACE customers in the UK, Australia, Canada, and Europe to send money in near real-time to recipients in India, Norway, Denmark, Sweden, and Single Euro Payments Area (SEPA) countries.
