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THE payments landscape is undergoing a significant transformation, driven by rapid advancements in technology and evolving consumer preferences. Here are four key trends that Visa believes will shape the future of payments.
RHB Bank, PayNet launch DuitNow QR Sound Box with Keypad, features Dynamic QR to encourage easy payments
MILAN (Reuters) - Italy has handed tax demands to Meta, X and LinkedIn in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on Wednesday.
Maybank customers can expect a different login page interface when making online payments soon, with the bank transitioning from payment gateway FPX to DuitNow Online Banking/Wallets (DOBW).
SELANGOR civil servants will receive a special payment of one-and-a-half months' salary or a minimum of RM2,000, in conjunction with Hari Raya Aidilfitri, Mentri Besar Datuk Seri Amirudin Shari says.
PUTRAJAYA: The cashless payment system at the Putrajaya Ramadan bazaar has caught the attention of Deputy Prime Minister Datuk Seri Fadillah Yusof, who sees the initiative as a user-friendly approach that benefits both traders and buyers.
KUALA LUMPUR: The government will commence disbursing Phase 2 of the Sumbangan Tunai Rahmah (STR) or Rahmah Cash Contribution this Monday (March 24), with an allocation of RM1.7bil, up from RM1.5bil last year.
Expanding local currency usage will offer businesses greater flexibility in payment options, lowering transaction costs and easing foreign currency demand pressures.
Some are exploiting digital payments at Ramadan bazaars, leaving traders vulnerable to fake transactions.
Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and central financial infrastructure provider, has generated 24 million digital payments across participating higher education institutions nationwide.
The National Bank of Cambodia (NBC) and UnionPay International (UPI) on Monday (March 10) launched the second phase of cross-border QR code payments.
KIGALI, Feb. 28 (Xinhua) -- A lack of awareness remains a major challenge to the growth of cross-border digital payments in Africa, making collaboration among fintech companies, regulators, and financial service providers crucial to driving change, a fintech expert told Xinhua in a recent interview.
TOKYO: Prime Minister Shigeru Ishiba has postponed the government's raise of the co-payment caps for patients under the high-cost medical expense benefit system, considering the possible negative impact on this summer's election.
THE next 24 months will be crucial for the Olympic Council of Malaysia (OCM) as the umbrella body bid to complete Phase 1 of their new headquarters in time for the country to host the SEA Games in 2027.
KUALA LUMPUR: The High Court here has allowed the government's application to stay payments of pension arrears to 531,976 pensioners amounting to RM1.7bil pending the disposal of its appeal at the Court of Appeal.
Longtime Apple executive Phil Schiller on Feb 24 conceded he initially opposed fees that the iPhone maker charges for in app-transactions processed outside its own payment system because he feared violating a court-ordered mandate designed to create more competition.
WASHINGTON (Reuters) -A divided U.S. Supreme Court declined on Wednesday to let President Donald Trump's administration withhold payment to foreign aid organizations for work they already performed for the government as the Republican president moves to pull the plug on American humanitarian projects around the world.
NEW YORK (Reuters) - Cantaloupe is exploring strategic options, including a potential sale or a go-private transaction, four people familiar with the matter said, the latest specialized U.S. payments processor to consider such a move.
PETALING JAYA: The co-payment feature may deter patients from seeking necessary treatments as the out-of-pocket expenses might be too high, says the Federation of Malaysian Consumers Associations (Fomca) secretary-general Dr Saravanan Thambirajah.
NAIROBI, Feb. 27 (Xinhua) -- KCB Group, a major East African commercial bank, on Thursday became the first financial institution in Kenya to begin transactions on the Pan-African Payment and Settlement System (PAPSS) that was developed by the African Export-Import Bank.
