All posts tagged "Faster Payment System"
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949Asia-PacificMore Banks Join Indonesia’s New Fast Payments System
BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia's CSD have now also enrolled.
February 8, 2022 -
1.5KAsia-Pacific
Bank Indonesia Launches New Fast Payments System, BI-Fast
BI-Fast lowers the interbank transfer fee, set at IDR 2,500 (USD 0.18) per transaction, down from the usual IDR 6,500 fee for interbank transfers. 21 banks have so far enrolled on BI-Fast.
December 24, 2021 -
253Asia-Pacific
Bank Indonesia Set to Launch Faster Payment System
'BI-Fast' will enable real-time payments 24/7 for retail customers, and will also be used in cross-border payments in future.
November 11, 2021 -
1.2KFeatureHKMA Chief of Ten Years Set to Retire in September
Norman Chan will leave behind a healthy banking industry with strong capital ratios and low bad debt levels. A selection panel will identify the HKMA's next chief.
February 22, 2019 -
929Capital / LiquidityIMF Commends Hong Kong for Strong Buffers, Robust Policy Frameworks
Years of prudent macroeconomic policies and robust financial regulation and supervision will help Hong Kong weather possible domestic and external shocks, the IMF says.
December 12, 2018 -
1.1KAML / KYCHKMA Refines Bank-to-SVF Direct Debit Process to Prevent Fraud
Banks and stored value facility operators are asked to adopt a 'refined process' in setting up direct debit authorisations to top-up e-wallets following last week's fraud reports.
October 29, 2018 -
1.0KFintech / Regtech
HKMA Suspends E-wallet Auto Top-Up Service Amid Fraud Reports
Approximately HKD 180,000 was stolen from customers just three weeks after the launch of a service allowing automatic top-ups of e-wallets by direct debit from bank accounts.
October 26, 2018 -
2.6KAML / KYC
HKMA Outlines Regtech Initiatives – Speech
The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.
September 28, 2018 -
651FeatureHong Kong Work Plan Includes Incentives for Fund Industry
Government reviewing and enhancing existing tax concession arrangements for fund industry; HKMA to launch real-time payments, issue virtual bank licences this year.
April 20, 2018
