The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
September 15, 2021Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.
September 13, 2021The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.
August 31, 2021The presence of digital ID infrastructure can influence the design and roll-out of CBDC initiatives, writes Claus Christensen.
August 24, 2021The application window will be closed for three years. Applications received by 31 August will be processed on a first-come, first-served basis.
August 24, 2021The application window for the submission of applications from new digital banks, including converting banks, will close on 31 August 2021.
August 20, 2021The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.
August 18, 2021The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
August 18, 2021The FATF's unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.
August 8, 2021The PhiliFintech Innovation Office will serve as the first point of contact for existing fintech companies and help the SEC regulate fintech activities.
August 2, 2021