At the Asian Payment Network (APN) 2023 Open Day in Jeju Island, South Korea, M-DAQ's Head of Business Development & Head of Government Relations Jason Tay presented on one of our solutions - the ASEAN Currency Crossing Pool (ACCP), designed to remove the veiled layer of FX ambiguity and create a market respected FX pricing standard for ASEAN-focused currencies.

With the current fixing methodologies prone to manipulation and central banks looking to accelerate ASEAN payment connectivity, the ACCP seeks to resolve existing challenges by providing a neutral and unbiased FX benchmark backed by M-DAQ's patented technology.

Held in conjunction with the APN Annual General Meeting, the 19th APN Forum & Open Day was joined by 13 payment networks across the Asia Pacific region to discuss on initiatives to improve the cost, speed, access, and transparency of cross border payments within the ASEAN countries.