India has a variety of online methods available for transferring money, including digital wallets and UPI. However, with increasing incidents of cyber fraud leading to monetary losses, it is important ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. As a global next-gen Financial Market Infrastructure (FMI), ...

Victoria Cleland, Executive Director for Banking, Payments and Innovation at the Bank of England, addressed the Real Time Gross Settlement (RTGS) system and the Bank’s vision for the future of ...

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has proposed amendments to incident management rules and updated business continuity procedures for participants in the Peso Real-Time Gross ...

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has fully automated the intraday settlement facility (ISF), making it available for all eligible financial institutions that encounter ...

The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time ...

The Bank of England (BoE) announced on 19 July 2017 that it is extending direct access to its real-time gross settlement (RTGS) service to non-bank payment service providers (i.e., e-money ...

BANKS found violating the rules on Peso Real-Time Gross settlement (RTGS) Payment System would be charged anywhere from P2,000 (about US$34) to as much as P75,000 (around US$1,277) per incident, ...

OMNIPAY INC. has been added to the Bangko Sentral ng Pilipinas' (BSP) Real Time Gross Settlement (RTGS) payment system, the first nonbank electronic money issuer (EMI) to be included in the list of ...