All posts tagged "financial inclusion"
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818Asia-PacificThailand, Cambodia Launch Cross-Border QR Payments
New payments connectivity between the two countries is expected to promote trade, tourism, financial inclusion, and the usage of local currencies in cross-border transactions.
February 20, 2020 -
402MalaysiaMalaysia to Boost Digital Payments with $110m Giveaway
Every Malaysian aged 18 years and above, and earning less than 100,000 ringgit a year, is eligible to receive a one-off 30 ringgit through one of three e-wallet companies.
January 15, 2020 -
396AML / KYCRBI Allows Regulated Entities to Use Video-based KYC
Financial services firms can record video and capture photos of customers presenting their identity document for verification. Electronically-submitted and digitally-signed documents can also be accepted.
January 10, 2020 -
613Asia-PacificPhilippine Lawmaker Proposes Regulatory Framework for Virtual Banks
The bill proposes that the BSP grant five virtual bank licences every year for at least five years, and to allow both financial and non-financial firms to apply.
January 8, 2020 -
392Asia-PacificPhilippines Approves Introductory Rules for Islamic Banking
The BSP has released guidelines for the establishment of Islamic banks and Islamic banking units in the Philippines, along with a newly-approved Shari’ah governance framework.
January 6, 2020 -
636MalaysiaMalaysia Issues Draft Licensing Framework for Digital Banks
Foreign financial institutions will be allowed to hold a majority stake, but preference will be given to applications where Malaysian nationals own the controlling equity interest.
December 28, 2019 -
351Asia-PacificBank of Papua New Guinea Launches Regulatory Sandbox
Local and foreign financial institutions and fintech firms are welcome to apply to test new products and services that could enhance financial inclusion and the provision of financial services.
December 11, 2019 -
370Big PictureBigTechs Could Raise Issues for Policymakers: FSB
BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.
December 10, 2019 -
468Capital RegulationIndia Finalises ‘On-Tap’ Licensing Regime for Small Finance Banks
India’s central bank has issued its final guidelines for ‘on-tap’ licensing of small finance banks, doubling the minimum capital requirement to 2 billion rupees.
December 6, 2019 -
548AML / KYCBangladesh Publishes New National AML/CFT Strategy
The national strategy contains 11 strategies along with 137 action plans, aimed at eliminating gaps identified in the 2016 mutual evaluation report from the APG.
November 23, 2019
