All posts tagged "fund transfers"
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1.1KAsia-PacificBOT to Delay Testing of Retail CBDC to Late 2022
After discussions with relevant parties and careful consideration, Thailand will proceed slowly, said BOT deputy director Kasidit Tansanguan.
December 30, 2021 -
335FeatureHKMA Directs Banks to Use Name Matching in Fund Transfers
Banks are directed to perform name matching for fund transfers over HKD 10,000 to reduce the chance of error inputs by customers.
December 22, 2021 -
266AML / KYCTaiwan FSC Increases Limits on Digital Deposit Accounts
The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.
November 25, 2021 -
355Asia-PacificSri Lanka: CBSL Collaborates with Industry on Inward Remittances
The central bank is working with banks, mobile operators, and government agencies to launch a new mobile app for inward remittances.
October 13, 2021 -
540Fintech / RegtechSingapore, India to Enable Real-time Cross-border Payments
The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
September 15, 2021 -
423Securities & Trading
Taiwan FSC Eases Rules for Overseas Branches of Securities Firms
Securities firms will be allowed to offer foreign currency custody services at overseas branches with a net value of TWD 4 billion, compared to TWD 10 billion previously.
August 22, 2021 -
520Asia-PacificCambodia, Maybank Launch Cross-border Remittances Using ‘Bakong’
Maybank customers in Malaysia can use the bank’s e-wallet to transfer funds to recipients in Cambodia with Bakong e-wallets.
August 13, 2021 -
996ChinaChina, UAE Join HKMA-BOT Initiative to Create CBDC Bridge
The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.
February 24, 2021 -
350Fintech / RegtechS. Korean Law to Help Reverse Mobile Payments Made in Error
New legislation set to take effect in July will task the KDIC with helping users of mobile payment apps to retrieve funds that are transferred in error.
February 17, 2021 -
921Fintech / RegtechSingapore 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
