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- Rapyd is adding more than 10 new Global E-money Alliance (GEA) wallets to its existing 500+ locally-preferred payment methods around the world
(PDIC), is studying the possibility of including e-money as part of its insurance coverage.
It said that the new services were made possible following a memoranda of understanding (MoUs) signed with mobile payment provider BerryPay (M) Sdn Bhd and licensed e-money issuer, KiplePay Sdn Bhd.
Based on the Financial Inclusion Dashboard for the 4th Quarter of 2018 published by the Bangko Sentral ng Pilipinas, the e-Money number of transactions for inflow and outflow grew by 62.1% and 28%, respectively, from the previous year, while the number of transactions grew by 13.4% for inflow and 13% for outflow for the same time period.
(Mynt), claimed on Thursday its e-money platform is 'transcending' telco boundaries by introducing a 'request money' function in the app.
Payment Systems and Electronic Funds Transfer Act, 2007 defines e-money as monetary value stored on an electronic device or payment instrument issued on receipt of funds and accepted as a means of payment by entities other than issuer.
In the last two years, the Five Star Music house has been embroiled in one drama or another with many people pointing fingers at owners of the label- Kcee and E-money for their failure to keep the storm in their camp calm.
The Russian E-Money Association in assistance with the Central Bank of Russia prepared a regulatory framework that would legitimize e-wallet inactivity fees on the domestic market, JPMorgan analyst Alexei Gogolev tells investors in a research note.
The e-money regulations also cover other regulatory requirements including outsourcing activities, AML/CFT, consumer protection, complaint handling mechanism, oversight and regulatory reporting, said SBP Payment Systems Department Director Sohail Javaad.
Public and private entities in Bahrain are going gone cashless utilizing the kingdom's first e-money TAM Dinar, a product by Payment International Enterprise (PIE), currently used as an alternative to cash payments by government and commercial entities.
In particular, FIMSA is working on the bill "On payment services", which will also allow creating e-money in the country.
BSP grants e-money license to Bacolod-based SpeedyPay !-- -- Lawrence Agcaoili (The Philippine Star) - January 15, 2019 - 12:00am MANILA, Philippines Bacolod City-based SpeedyPay Inc.
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