Tag: rtgs

In this exclusive interview, BSP deputy governor Mamerto E. Tangonan, discusses the central bank’s roadmap to a cash-light economy, and why this is so important in a country like the Philippines.

Ten banks have entered a pilot programme of Cips phase II, which will allow 24-hour operation and net flow clearance.

Lowering international payment costs in line with the huge flows from e-commerce is vital, says Westpac. Being AML and KYC compliant equally so.

Opening new business in Asia requires setting up fundamental banking infrastructure. Honnus Cheung of Travelzoo has gone a lot further than that…

Indonesia aims to replace US dollars with RMB in China trade • RMB gains IMF's support for SDR inclusion • and more…

The People's Bank of China issued a consultation paper on its deposit insurance scheme; Macau, Cambodia, and the Philippines will be treated as FATCA compliant, sign new IGAs; Australia will delay its Real Time Gross Settlement system until 2017

China kicks off direct kiwi dollar/RMB trading; OECD's transfer pricing standards; Singapore to create RMB RTGS system

New tax cuts in Shanghai FTZ; India launches RTGS system; China introduces new prime lending rate benchmark.