MANILA, Philippines — Electronic money transactions processed by fintech companies led by PayMaya and GCash more than tripled as the shift to digital payments from the traditional mode of cash transactions accelerated amid the global health pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Melchor Plabasan, director of the Technology Risk and Innovation Supervision […]
Read MoreStarting on Sept 1, overseas businesses providing online services in Thailand will be required to register for the 7% value-added tax (VAT) liability if their annual income exceeds 1.8 million baht, according to a Revenue Department official. The e-service tax has been approved by parliament and published in the Royal Gazette. E-service businesses liable for the […]
Read MoreThe Hanoitimes – It seems a call from the central bank for credit institutions to forego their profits in 2020 to aid customers and businesses affected by the pandemic have not been effectively implemented. Most banks in Vietnam still recorded high profit in the year of 2020 that was ravaged by the Covid-19 pandemic. Better support […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is urging depositors to shift to digital transactions to avoid higher fees charged by banks on ATM withdrawals and balance inquiry transactions. “In addition to ATMs, customers may also access financial services or perform payment transactions through InstaPay and PESONet. Going digital provides speedy, safe and […]
Read MoreThe Electronic Transactions Development Agency (ETDA) is gearing up to develop digital infrastructure, upgrade e-transaction rules, improve e-transaction system standards and promote digital knowledge among the public as part of its 2021-22 strategic plan. The draft plan was revealed when ETDA recently held an online conference to gauge feedback from 70 state and private organisations. […]
Read MoreKUALA LUMPUR: Bank Islam Malaysia Bhd expects Bank Negara to cut its overnight policy rate (OPR) by 25 basis points (bps) at the upcoming monetary policy meeting scheduled for March 4. Chief economist Dr Mohd Afzanizam Abdul Rashid said the projection was due to the visibility of economic uncertainties following the reintroduction of the movement […]
Read More
Thailand
