All posts tagged "E-Payments"
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307AML / KYCTaiwan to Lower Payment Thresholds for Customer Notification
The move is aimed at combatting rising financial fraud as consumers increasingly prefer e-payments over the use of credit cards.
December 21, 2020 -
602Asia-PacificSingapore, Thailand to Enable Instant Payments Link by Mid 2021
Described as "the first-of-its-kind in the world", the link will enable instant money transfers between Singapore’s PayNow and Thailand’s PromptPay.
December 8, 2020 -
852Fintech / Regtech
Singapore E-wallets to Gain Direct Access to FAST, PayNow
Consumers will be able to top-up their e-wallets directly through their bank accounts, rather than using a debit or credit card. Fund transfers between e-wallets will also be made possible.
December 1, 2020 -
1.4KAML / KYCJapan FSA to Mandate Stricter ID Checks for E-payments
The FSA plans to revise its guidelines for bank transfers to e-payment service providers in response to a series of fraudulent withdrawals.
October 21, 2020 -
3.6KMalaysiaMalaysia Works to Enable Real-time Cross-border Payments
A cross-border link between Singapore’s PayNow and Thailand’s PromptPay will extend to Malaysia’s DuitNow, a BNM official said.
August 11, 2020 -
549SingaporeMAS Issues Directions on Safe Re-opening of Financial Sector
Although access to in-person services will expand, MAS "strongly encourages" FIs and their customers to continue using digital financial services and e-payments as much as possible.
June 17, 2020 -
1.5KAML / KYCMAS, ABS Push Greater Adoption of Digital Financial Services
The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.
April 10, 2020 -
668Market Infrastructure
MAS Issues Update to E-Payments User Protection Guidelines
The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.
April 26, 2019 -
570Market InfrastructureMAS Extends Deadline to Implement E-payments User Protection Guidelines
The MAS is allowing an extra six months for compliance with its e-payments user protection guidelines, following requests from banks for more time to implement system changes.
February 1, 2019 -
626Feature
MAS Publishes User Protection Guidelines for E-Payments
The guidelines establish a common baseline protection from losses arising from isolated unauthorised or erroneous electronic payment transactions.
October 1, 2018
