All posts tagged "e-commerce"
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444AML / KYCPBOC Eases Overseas Transactions Rules for Domestic Payment Firms
Domestic payments institutions can use the cross-border CNY settlement services of banks for e-commerce and 'new models' of foreign trade.
June 23, 2022 -
304IndiaRBI to Simplify E-Commerce Payment Settlement Process
Foreign entities seeking to operate as payment gateways and aggregators for e-commerce-related export and import transactions would have to be authorised in India.
April 15, 2022 -
358TaiwanTaiwan 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 -
296Asia-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 -
242Asia-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 -
355Asia-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 -
441Asia-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 -
309Asia-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 -
461AML / 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 -
253Fintech / 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
