Phishing scams involving the impersonation of bank employees have increased from 149 cases in 2020 to 1,021 cases last year.
May 24, 2022The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.
February 21, 2022The changes will address distortions and frictions in the payment card market and foster greater usage and acceptance of payment cards, BNM says.
January 11, 2022Treasurer Josh Frydenberg has asked the RBA to consider mandating the issuance of dual-network debit cards for major and medium-sized banks.
September 3, 2021Visa is alleged to have engaged in anti-competitive practices by preventing merchants from routing payments through other card networks.
March 25, 2021Visa is legally bound to ensuring that merchants will not pay higher processing costs if they process debit card payments through eftpos rather than the Visa network.
March 12, 2021The RBI will initially contribute half of the funding; the rest will come from card-issuing banks and card networks, who will also cover operational expenses.
June 8, 2020