CIMB partners Ripple, UOB completes POC as remittances take centre stage

CIMB partners Ripple, UOB completes POC as remittances take centre stage

People sit outside a United Overseas Bank Ltd. (UOB) branch in Singapore, on Monday, Feb. 12, 2018. Photographer: Ore Huiying/Bloomberg

Malaysian lender CIMB Group is joining a cross-border payments network run by blockchain technology firm Ripple, while UOB bank has completed ASEAN’s first cross-border peer-to-peer funds transfer proof-of-concept (POC).

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