All posts tagged "e-commerce"
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750Asia-PacificBOT Opens Applications for New FX E-Money Licences
Non-bank operators can apply for a new licence to issue e-money in foreign currencies for customer payments for cross-border goods and services.
June 30, 2020 -
299AML / KYCRBI Brings Payment Aggregators Under Regulatory Remit
The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.
March 19, 2020 -
539India
RBI Proposes to Directly Regulate Payment Gateways, Aggregators
The paper proposes that payment gateways and payment aggregators be required to have a minimum net-worth of 1 billion rupees, among other requirements.
September 19, 2019 -
716AML / KYCSingapore Police, Banks Collaborate to Thwart Scammers
Since the Anti-Scam Centre was set up in June, DBS, OCBC and UOB have frozen 815 bank accounts and recovered S$840,000 in scam-related losses.
September 3, 2019 -
588ChinaChina Allows Payment Firms to Offer Cross-Border Services
China's State Administration of Foreign Exchange is allowing payment providers to offer cross-border services for e-commerce settlement, electronic payments and foreign exchange.
April 30, 2019 -
1.1KFintech / RegtechSWIFT to Test New Gateway Enabling gpi for E-commerce
The proof-of-concept will enable gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation for on trade platforms.
February 1, 2019 -
1.8KAML / KYCNew Rules for Payments, E-Commerce Take Effect in China
Non-bank payment institutions will be required to report to the central bank any consumer transactions exceeding 50,000 yuan and cross-border transfers over 200,000 yuan.
January 4, 2019 -
Securities & Trading
Taiwan to Start Issuing Third-Party Payment Licenses in August
Taiwan’s Financial Supervisory Commission plans to start issuing licenses for third-party payment services in August.
July 29, 2015
