In an effort to curb rising fraud in digital transactions, the Indian Central Bank has proposed delaying certain payments exceeding <strong>10,000 rupees</strong>. The bank is seeking feedback from stakeholders on these new measures.
Mandiri Bank of Indonesia has introduced a new international QR feature on its Livin' by Mandiri app, enabling users to conduct financial transactions easily in South Korea. This initiative aims to enhance the digital financial system and support the national economy.
The Monetary Authority of Singapore (MAS) has announced a comprehensive review of the GIRO payment system to improve security measures. This initiative follows reports of errors in deductions made through the system, raising concerns among consumers about the safety of financial transactions.
Bank Indonesia, in collaboration with the Jakarta government, has launched a program aimed at enhancing the digital economy in 20 traditional markets. The initiative focuses on promoting digital payments and improving access to financial services.
Sri Lanka has announced the launch of the 'National Digital Payment Promotion Program', allowing users to conduct digital transactions without fees up to <strong>5000 Sri Lankan Rupees</strong>. This initiative is part of the government's efforts to enhance digital transformation in the country.
Block has announced the launch of a new feature in the Cash app that allows users to choose 'Buy Now, Pay Later', providing strong protections to prevent debt accumulation. This initiative aims to facilitate financial transactions between individuals and enhance financial security.
Digital payments in Jordan have seen a remarkable increase, reaching a value of <strong>7.5 billion dinars</strong> in just two months. This figure reflects a significant shift towards the use of financial technology in the kingdom.
The Indonesian Tourism Guides Association in West Kalimantan announced a collaboration with GoPay to introduce the QRIS system, facilitating cashless tipping for tourists. This initiative aims to promote digital transformation in the tourism sector.
European lawmakers have successfully navigated a significant political hurdle in the digital euro negotiations, bringing the project closer to final approval. This development comes amid rising economic tensions between the European Union and the United States.