The BOT is planning to also introduce sandboxes in the virtual banking and digital assets space, the relevant regulations are in place.
June 2, 2022The RBI's directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.
May 26, 2022Finance ministers and central bankers have committed to promoting financial stability, financial inclusion and banking integration in the ASEAN region.
April 14, 2022Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.
March 31, 2022LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.
November 13, 2021Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.
September 28, 2021e-RUPI is a QR code or SMS string-based prepaid e-voucher that can be used for purchases without an app, card, bank account, or internet access.
August 5, 2021The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.
June 22, 2021NPP participating FIs can receive payment messages formatted with additional defined data elements for payroll, tax, superannuation and e-invoicing.
May 6, 2021The participating banks include DBS, OCBC, UOB, Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank.
April 30, 2021