Asia
📢The central banks of India🇮🇳, Malaysia🇲🇾, Thailand🇹🇭, Singapore🇸🇬, and the Philippines🇵🇭 want to launch a joint platform for instant cross-border retail payments Paid Members Public
📢The central banks of India🇮🇳, Malaysia🇲🇾, Thailand🇹🇭, Singapore🇸🇬, and the Philippines🇵🇭 want to launch a joint platform for instant cross-border retail payments This was announced on Monday by the “*Bank of Central Banks*” of Southeast Asia — Bank for International Settlements (BIS). The project is expected to “take off” by 2026.
🐘India🇮🇳: Bank “Maharashtra” launches VKYC for remote account opening. Paid Members Public
🐘India🇮🇳: Bank “Maharashtra” launches VKYC for remote account opening. Now, customers can open savings accounts via video call. ➡️Main feature — implementation of video-KYC (video-based customer identification process). ➡️ To use it, you need to have an identification number from the local biometric system Aadhaar, a linked mobile number, a sample signature
⚡️Philippines🇵🇭: Fintech "Zed" has obtained a licence from the Central Bank and will now become an independent credit card issuer. Paid Members Public
⚡️Philippines🇵🇭: Fintech "Zed" has obtained a licence from the Central Bank and will now become an independent credit card issuer. The prospects for their Mastercard Titanium card are impressive—it is currently being launched by invitation only, with 40,000 people on the waiting list. What's
🐫 Citi (NYSE: C) ➕ Emirates NBD 🟰 first in the Middle East with 24/7 USD clearing service Paid Members Public
🐫 Citi (NYSE: C) ➕ Emirates NBD 🟰 first in the Middle East with 24/7 USD clearing service Emirates NBD is the leading banking group in the MENAT region (Middle East, North Africa, and Turkey 🇹🇷); While Citigroup Inc. is a diversified global financial holding company. Their collaboration will enable banking customers in
⚡️According to experts from the British payment platform Worldpay🇬🇧, the demand for digital wallets in China🇨🇳 and India🇮🇳 is growing Paid Members Public
⚡️According to experts from the British payment platform Worldpay🇬🇧, the demand for digital wallets in China🇨🇳 and India🇮🇳 is growing Continuing the information. In 2023, the use of digital wallets was highest among residents of countries in the Asia-Pacific region. Globally, the proportion of digital wallets in physical store purchases
⚡️Azerbaijan🇦🇿: United Payment Becomes the First and Only Turkish🇹🇷 Company to Obtain an E-Money License Paid Members Public
⚡️Azerbaijan🇦🇿: United Payment Becomes the First and Only Turkish🇹🇷 Company to Obtain an E-Money License The Central Bank of Azerbaijan granted the Turkish company a comprehensive license, allowing it to open accounts, offer e-money (wallet) and virtual POS services, and conduct monetary operations both domestically and with international partners. ➡️ United
👛Vietnam🇻🇳: Visa collaborates with three leading e-wallet applications Paid Members Public
👛Vietnam🇻🇳: Visa collaborates with three leading e-wallet applications The colaboration includes MoMo, VNPAY, and ZaloPay. ➖ This collaboration is aimed at meeting the payment needs of small and medium-sized enterprises (SMEs), which are essential to the Vietnamese economy. ➖ Visa is not falling behind: by the end of 2024, there will be
👀 News from China 🇨🇳 Mobile Wallets Dominate the Payments Sector Paid Members Public
👀 News from China 🇨🇳 Mobile Wallets Dominate the Payments Sector According to analysts at the research portal "GlobalData," 84% of users in China prefer using mobile wallets. ➡️ The main reasons for this trend, according to the study authors, include the mature digital infrastructure, the increasing popularity of QR code