MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is "ready and waiting for launch".
January 11, 2023The measures are proposed in response to the erosion of member benefits that occurs when successor fund transfers are carried out.
November 14, 2022Making banks liable for customer-initiated P2P transfers that result from fraud will harm consumers and competition, embolden scammers, and ultimately increase fraud rates.
November 5, 2022The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.
September 29, 2022FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.
September 29, 2022Indian and Russian banks are discussing the use of customised trade accounts and an exchange rate mechanism that will enable trade settlement in rupees and rubles.
August 23, 2022Lawmaker Joey Salceda is calling on the BSP to set a cap on transfer fees charged by banks for the use of interbank payment systems.
August 16, 2022After discussions with relevant parties and careful consideration, Thailand will proceed slowly, said BOT deputy director Kasidit Tansanguan.
December 30, 2021Banks are directed to perform name matching for fund transfers over HKD 10,000 to reduce the chance of error inputs by customers.
December 22, 2021The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.
November 25, 2021