Phishing attacks where users shared their OTPs with scammers were the root cause behind unauthorised transactions at GCash.
May 19, 2023Senior Minister Tharman Shanmugaratnam said the framework will include obligations for telcos, not just FIs and consumers.
May 10, 2023From 1 July, all FIs and PSPs must disable all non-QR Ph codes and proprietary QR codes and ensure they are no longer be available to the public.
March 15, 2023The BSP is considering lowering the RRR in exchange for banks waiving their fees on small transactions, as part of efforts to promote financial inclusion.
March 7, 2023World Economic Forum article suggests CBDC designers should consider allowing self-custody as an option to increase overall user dignity and welfare.
January 30, 2023MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is "ready and waiting for launch".
January 11, 2023Project Pratima aims to introduce a uniform set of icons for basic payment actions and processes, curb fraud, and boost digital payments adoption.
December 9, 2022The NPCI has for the third time extended its compliance deadline for imposing a 30 percent market cap limit on UPI payment apps.
December 8, 2022The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.
October 18, 2022NPCI and Oman's central bank will study the possibility of connecting the UPI and RuPay card systems used in India with similar systems in Oman.
October 6, 2022