Latest news and articles about digital payments from NEX English
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.
Digital payments have become the default option in Singapore, yet cash still holds its ground in certain areas. This trend indicates a significant shift in consumer behavior across the region.
Coinbase has received conditional approval from the U.S. Office of the Comptroller of the Currency to operate as a trust bank, paving the way for the expansion of its payment services. This move aims to enhance its operations in the stablecoin sector.
Visa has announced the launch of six new AI-powered tools aimed at improving the dispute process surrounding credit card fees. This initiative seeks to reduce costs and frustration associated with traditional methods in the financial sector.
Evan Wong, CFO of OSL Group, announced the company's goal to create an advanced financial infrastructure for stablecoin payments. This was stated during his appearance on Bloomberg's 'The China Show,' where he highlighted the ongoing positive momentum in the digital asset sector.
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.