The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.
February 18, 2022The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.
September 21, 2021The presence of digital ID infrastructure can influence the design and roll-out of CBDC initiatives, writes Claus Christensen.
August 24, 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 issuance of PhilSys ID cards is expected to start within 2021, eventually replacing most other forms of government-issued ID.
April 23, 2021Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.
February 25, 2021PhilSys will mean wider inclusion in the financial ecosystem for the unbanked, allowing cash aid, credit and other welfare spending to reach them faster.
October 16, 2020Under the regulations, alternative data including payment information relating to water, electricity and telephone bills can be used to support loan applications.
September 21, 2020Covid-19 has highlighted unequal access to payment services for low-income and vulnerable groups. CBDCs present an opportunity to address this shortcoming.
June 25, 2020The ban was imposed in September 2018 for the bank's failure to reduce its promoter's ownership below a 40% ceiling within three years of its commencement.
February 28, 2020