PCI seeks new umbrella entity licence for retail payments
The Payments Council of India (PCI) chairman emeritus Naveen Surya and Infibeam Avenues director Vishwas Patel have joined forces to…
Philippines identifies 57 “persons of interest” in Wirecard case
The Philippines’ Anti-Money Laundering Council (AMLC) has put several people under the scanner in the scandal-plagued Wirecard case. AMLC has identified a mix of 57 foreigners, local bank officers as…
14 Sep 2020
BSP rolls out own digital payment system “NOPS”
Philippines’ central bank Bangko Sentral ng Pilipinas (BSP) has introduced its own digital payment system to process retail transactions from its stakeholders amid the Covid-19 pandemic. BSP governor Benjamin Diokno…
14 Sep 2020
Bottomline offers ‘Confirmation of Payee’ service to fight payment fraud
US-based business payments fintech Bottomline Technologies is offering Confirmation of Payee (CoP), a fraud prevention service owned by the retail payments authority Pay.UK. The UK Payment Systems Regulator (PSR) has…
03 Sep 2020
German lawmakers launch probe into Wirecard scandal
Lawmakers in Germany have opened a parliamentary probe into the scandal-hit payments company Wirecard. The litigators aim to push the German government to investigate more about Wirecard’s failure in order…
02 Sep 2020
Nium awarded e-money licence in UK by FCA
Singapore-based global fintech platform Nium has secured an Electronic Money Institution (EMI) licence from UK watchdog Financial Conduct Authority (FCA). The licence will enable Nium to offer e-money and cross-border…
01 Sep 2020
Reserve Bank of India unveils new cheque payments feature
The Reserve Bank of India (RBI) has rolled out a new way of cheque payments feature via the 'Positive Pay' mechanism, The Times of India (TOI) reported. The central bank…
17 Aug 2020