All posts tagged "e-commerce"
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251TaiwanTaiwan FSC Raises Balance Limit for Third-Party Payment Providers
Third-party payment providers need not apply for a business licence from the FSC if they do not hold more than TWD 2 billion in custody.
November 23, 2021 -
222Asia-PacificUPDATED – Bangladesh Banks Ordered to Block E-commerce Payments
Bangladesh Bank has directed banks to block e-commerce firms from receiving direct payments from customers.
September 3, 2021 -
191Asia-PacificBSP Relaxes Rules on FX Trade Approval for Banks
Banks can sell FX without prior BSP approval if they will be used for activities such as online e-commerce payments, certain imports of goods, and fee payments.
August 22, 2021 -
286Asia-PacificThailand, Indonesia Pilot Cross-border QR Payment Link
The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
August 18, 2021 -
333Asia-Pacific
Bangladesh Bank to Provide Escrow for E-commerce Payments
Advance payments will be deposited with the central bank or other payment gateways until products bought online reach customers.
June 30, 2021 -
254Asia-PacificMalaysia, Thailand Establish Cross-border QR Payment Link
The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.
June 22, 2021 -
315AML / KYCPhilippine Prosecutors File Criminal Complaints Over Wirecard Fraud
The criminal complaints accuse respondents of violating banking, cybercrime, and e-commerce laws as well as falsifying commercial documents.
June 9, 2021 -
210Fintech / Regtech
Taiwan to Enable Interoperability Between E-payment Providers
Amendments due to take effect from 1 July will enable users of e-payment services and stored-value facilities to transfer money across platforms.
May 28, 2021 -
1.9KAsia-PacificSea Group to Establish Digital Banking Operations in Indonesia
Sea Group's e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.
February 23, 2021 -
420FeatureOver 40 Parties to Apply for Digital Bank Licence: BNM
Applications are being accepted until 30 June 2021, with BNM planning to award up to five licences in the first quarter of 2022.
February 12, 2021
