All posts tagged "money transfer"
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412Fintech / RegtechRBI Issues Enabling Framework for Regulatory Sandbox
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
August 14, 2019 -
525Enforcement
RBI Fines Multiple Payment Service Providers
The RBI has fined prepaid payment instrument issuers, two US money transfer firms and Yes Bank for non-compliance with regulatory guidelines.
May 6, 2019 -
960Fintech / RegtechSouth Korea to Debut Open Banking in December
Following two months of industry deliberation, the FSC has said the new open banking system will be piloted in October, and fully implemented in December.
April 17, 2019 -
976Asia-PacificAustralian Authorities Bust Vietnamese Money Transfer Cartel
The ACCC and Australian police have brought charges against an alleged price-fixing cartel, which is said to have been directed by Vietnam's Sacombank.
April 12, 2019 -
642Fintech / RegtechJapan to Allow Non-Banks to Handle Large Remittances
In a bid to improve remittance services in the country and promote fintech, Japan plans to ease limits on non-banks providing money transfer services.
February 21, 2019 -
981AML / KYCSingapore Parliament Passes Payment Services Act
The law represents a framework to streamline payment services regulation in Singapore under a single legislation and bring payment activities under the remit of the MAS.
January 15, 2019
