From 1 July, all FIs and PSPs must disable all non-QR Ph codes and proprietary QR codes and ensure they are no longer be available to the public.
March 15, 2023Through Bills Pay PH, customers can make digital payments to almost 500 on-boarded billers for free even if they use different payment service providers.
December 5, 2022The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.
November 15, 2022Phase 1 of Project Orchid explored the concept of purpose-bound digital SGD, bearer instruments that enable senders to specify conditions when making transfers in digital SGD.
November 1, 2022NPCI and Oman's central bank will study the possibility of connecting the UPI and RuPay card systems used in India with similar systems in Oman.
October 6, 2022The partnership will allow Indian customers and merchants in India with an active UPI ID to make and accept cross-border payments globally.
October 4, 2022Merchant acquirers will have to remove all proprietary static QR code payment labels. A new fee model will be introduced for SGQR members.
September 28, 2022The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will formally sign an agreement on payment connectivity in November.
July 22, 2022The 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, 2022