The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.
January 27, 2023Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.
January 8, 2023The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.
December 27, 2022With the growing popularity of digital platforms to apply for credit products, banks are "reminded to ensure proper protection of their customers", the HKMA said.
December 22, 2022Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.
December 18, 2022Credit card revolving services charge high interest rates, lead to poor credit scores for consumers, and raise the risk of delinquency.
September 1, 2022ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.
August 25, 2022The RBI carried out a review of payment system charges, which consumers complain are “high and non-transparent”.
August 19, 2022The FSC asked the Bankers Association to amend its guidances to ensure consumers get notifications when their credit card is added to a digital wallet.
July 4, 2022The ACCC says Mastercard offered cheaper rates to over 20 major retail businesses if they used its own network to process transactions.
May 31, 2022