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Asia Leads in Domestic Digital Payments but Lags in Cross-Border Payments: Saber Whitepaper

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SAN FRANCISCO, June 10, 2026 /CNW/ — Despite leading the world in domestic payment innovation, Asia’s cross-border payment corridors remain among the most inefficient globally, according to a whitepaper by stablecoin cross-border payment infrastructure provider, Saber.

Asia is home to some of the world’s most advanced domestic payment systems, including Singapore’s PayNow, the Philippines’ InstaPay, and Thailand’s PromptPay. Yet an estimated $5 trillion sits idle in pre-funded correspondent accounts globally at any given moment due to inefficiencies in cross-border payments. A $200 transfer attracts 6-10% in fees, takes days to clear, and passes through multiple correspondent banks before reaching a recipient.

The Stablecoin Strategy for Asia 2026 whitepaper provides a comprehensive guide to building stablecoin payment infrastructure across Asia’s most complex corridors.

“Asia’s domestic payment infrastructure is world-class, but its cross-border payment infrastructure is not. That gap is where stablecoins become relevant as a settlement layer that correspondent banking was never designed to be,” said Edul Patel, founder and CEO of Saber.

Blockchain Settles in Seconds. The Hard Part Comes After

The Saber whitepaper highlights the limits of the technology. Stablecoins do not entirely eliminate the friction in cross-border payments. While blockchain settlement takes seconds, converting digital currency into local currencies remains fraught with fragmented compliance regimes, uneven market liquidity, and the realities of last-mile banking.

Key findings include:

The Compliance Mosaic: Asia presents operators with 48 distinct regulatory regimes, each with asymmetric compliance rules, localised identity verification requirements, and evolving Travel Rule structures, compared to Europe’s unified SEPA framework.The Liquidity Discipline: Access to a global stablecoin pool does not guarantee payout depth. Liquidity in pairs such as USDT/PHP or USDT/MYR is not assured at scale or during off-hours. Liquidity management must be treated as a core operational discipline.The Pilot-to-Production Trap: Production-scale transactions must satisfy identity attribution, Travel Rule compliance, and liquidity orchestration simultaneously. Most stablecoin integrations in Asia fail because operators underestimate what production operations actually demand.The Orchestration Imperative: Scaling requires a dedicated orchestration layer capable of managing corridor-specific liquidity, routing around banking downtime, and handling counterparty error logic.

“Building payment infrastructure in Asia requires licensed payout partners in every corridor, liquidity management that holds up at scale and during off-hours, and compliance architecture that satisfies regulators across multiple jurisdictions simultaneously. That is the infrastructure Saber has spent the last two years building. This whitepaper reflects what we have learnt doing it,” said Saurabh Kumar, Business Head, Saber.

About Saber

Saber is a stablecoin-native cross-border payment infrastructure company providing the settlement rails that connect the stablecoin world to local financial systems across Asia and beyond. Founded in 2024, the company has processed over $3 billion in cross-border payments across more than 40 countries, operating under more than ten regulatory licences. Saber is a registered Money Services Business (MSB) in Canada and is fully compliant with KYC, AML, sanctions screening, and Travel Rule guidelines.

Contact:
Naga Harish
naga@mudrex.com
+91-8884061799

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SOURCE Saber

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Notice of Data Privacy Incident

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Psychiatry of Texas PLLC

HOUSTON, Aug. 27, 2026 /PRNewswire/ — Psychiatry of Texas PLLC writes to notify you of a data privacy event that involved protected health information (PHI).

What Happened? On March 31, 2026, we learned of an anomaly on our network and launched an immediate investigation. We engaged cybersecurity specialists to assist us in our investigation. Ultimately, we determined that our company experienced a data privacy event involving unauthorized access to our systems on March 31, 2026. On that date, we believe PHI belonging to certain of our patients, as well as patients of healthcare providers we support, was acquired.

What Information Was Involved? The information involved varied by individual but may have included first and last name along with a Social Security number, date of birth, medical diagnosis or treatment information, health insurance information, and electronic identification or account number, username, email address, a parent’s premarital surname, or password.

Individuals whose information was involved and for whom we had address information were provided written notice on August 27, 2026.

What We Are Doing. We investigated this matter to determine whether any PHI was involved and, if so, to whom it related. As an added precaution, we are offering complimentary credit monitoring and identity protection services, free of charge, to individuals whose Social Security numbers were involved through HaystackID.

What Involved Individuals Can Do. Generally, it is best practice to remain vigilant for incidents of identity theft and fraud, from any source, by reviewing and monitoring your account statements and credit reports for suspicious activity and errors. If you discover any suspicious or unusual activity on your accounts, promptly contact your financial institution or service provider.

Individuals can further educate themselves regarding identity theft, fraud alerts, credit freezes, and the steps to take to protect personal information by contacting the credit reporting bureaus, the Federal Trade Commission (FTC), or state Attorneys General. The FTC also encourages those who discover that their information has been misused to file a complaint with them. The FTC may be reached at 600 Pennsylvania Ave. NW, Washington, D.C. 20580; www.identitytheft.gov; 1-877-ID-THEFT (1-877-438-4338); and TTY: 1-866-653-4261.

For More Information. If you would like to learn whether your protected health information may be included in the event, please contact our dedicated assistance line at 855-205-9558 (toll free) Monday through Friday, 9:00 a.m. – 9:00 p.m. Eastern Standard Time, excluding major U.S. holidays.

Contact: Matthew Smith, matthew.smith@kennedyslaw.com 

View original content:https://www.prnewswire.com/news-releases/notice-of-data-privacy-incident-302862348.html

SOURCE Kennedys CMK LLP

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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Alphabet Inc. – GOOG

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NEW YORK, Aug. 27, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Alphabet Inc. (“Alphabet” or the “Company”) (NASDAQ: GOOG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Alphabet and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On July 16, 2026, Bloomberg reported that Alphabet’s Google is “months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model” due to the Company’s ongoing coding efforts. Specifically, “[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing.” 

On this news, Alphabet’s stock price fell $16.40 per share, or 4.4%, to close at $353.81 per share on July 16, 2026. 

Then, on July 22, 2026, Alphabet released its second quarter 2026 financial results, announcing, among other things, a significant expansion of expected full year 2026 capital expenditures to $195 billion to $205 billion. The Company also disclosed that, for the quarter, it had a negative free cash flow of $5.9 billion. Alphabet further disclosed that “given the supply constrained environment, we plan to expand the use of third-party capacity in Q3 as a bridging strategy,” which “will create modest margin pressure in the near term.” 

On this news, Alphabet’s stock price fell $23.57 per share, or 6.89%, to close at $318.34 per share on July 23, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-alphabet-inc—goog-302862343.html

SOURCE Pomerantz LLP

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Media advisory – Parliamentary Secretaries Bardeesy and Chi to highlight major investments to attract top researchers to Canada

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TORONTO, Aug. 27, 2026 /CNW/ — Karim Bardeesy, Parliamentary Secretary to the Minister of Industry, and Maggie Chi, Parliamentary Secretary to the Minister of Health, will highlight federal investments to attract top researchers from around the world through the Eddie Goldenberg Research Chairs of Canada and Canada Impact+ Emerging Leaders programs.

The announcement will be followed by a media availability.

Date: Friday, August 28, 2026

Time: 1:00 pm (ET)

Location: Toronto, Ontario

Members of the media are asked to contact ISED Media Relations at media@ised-isde.gc.ca to receive event location details and confirm their attendance.

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X (Twitter): @ISED_CA | Facebook: Canadian Innovation | Instagram: @cdninnovation | LinkedIn: Innovation, Science and Economic Development Canada

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SOURCE Innovation, Science and Economic Development Canada

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