MANILA, Philippines—Sen. Grace Poe is pushing for a measure mandating a “uniform process” for banks to reimburse depositors defrauded in ATM cloning.
Early last month, O2 announced that it was closing the doors on its O2 Wallet mobile wallet service.
Bank Indonesia (BI) is currently developing tools to create a more time-efficient and low-cost payment system ahead of the launch of the Asean Economic Community (AEC) in 2015, when there will be a free flow of goods, services and people among Asean member countries.
BlackBerry has partnered Indonesia's Bank Permata and mobile payment provider Monitise to launch a commercial pilot for a new service that enables money to be transferred between BlackBerry Messenger (BBM) users in the country.
Vietnam received a remittance flood of US$11 billion in 2013, and 50 percent of the sum was dedicated to recipients in Ho Chi Minh City.