Faster Payment News Today

Customers can transfer up to Dh45k in single transaction, up to Dh135k monthly

While 35% of financial institution executives believe open banking benefits outweigh its risks, fraud fears temper the industry’s enthusiasm.

Some platforms have grown in popularity since pandemic, but merchants complain about relatively high transaction fees for e-payment systems, say they prefer cash.

On 19 December 2023, the Payment Systems Regulator (PSR) published its final policy statement on fighting authorised push payment (APP) scams alongside three legal instruments that will...

The U.K. risks falling behind other nations unless it can create an alternative to its Faster Payment Service. That’s according to a new…

Hong Kong: FPS to be allowed in Thailand

Charoen Pokphand Foods Public Company Limited (CP Foods) has consistently earned recognition for its commitment to environmental, social, and governance (ESG) standards, achieving its seventh consecutive inclusion on the esteemed 2023 ESG100 company

China’s central bank is ramping up the promotion of its digital currency, making it easier and more convenient for everyday users as well as cross-border transactions. Here’s what has been accomplished this year.

Car and van buying scams rose by 74% in the first half of 2023, compared to the same period in 2022, according to new research by Lloyds Bank. Vehicles are now...

Following Royal Assent for the Financial Services and Markets Act 2023, the Payment Systems Regulator (PSR) has wasted little time in launching a consultation on the three legal...