Favara-UPI cross-border payment corridor goes live between Maldives, India

Following the launch of the service on Thursday (July 30), individuals from the Maldives can now transfer funds in real time to UPI-enabled bank accounts in India through their mobile banking applications

Prudential Bank Ltd has activated the Pan African Payment and Settlement System (PAPSS) on its mobile banking app, enabling customers to send and receive cross-border payments across participating African countries at any time. The bank said the integration expands access to PAPSS and allows customers to make transact

By Huang Yi-ching and Jake Chung / Staff reporter, with staff writer Add TT as Preferred Source Taiwan’s electronic toll collection (ETC) system, already in operation in Thailand, has been installed in India, Far Eastern Electronic Toll Collection Co (FETC, 遠通電收) said yesterday. The first barrier-free tolling gantry wa

Many cross-border transactions still rely on the US dollar as an intermediary currency. At the same time, African currencies are often difficult to exchange directly, and few mechanisms exist for countries to settle payments with one another in local currencies.