opengovasia

FinTech Industry in Thailand Holds Unlimited Prospects

Thailand looks set to be one of Southeast Asia’s next Fintech Hubs as digital convergence continues to spread. The emergence of a new generation of fintech startups has spurred development of a “complete payments” ecosystem.

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Digital Panel Policy to Ease Sourcing of Digital Product and Services for Australians

DTA has released the draft of the Digital Panel Policy to improve the experience of buying and selling digital products. It aims to help agencies source digital products and services including ICT. An announcement made by the Digital Transformation Agency (DTA) highlighted their draft Digital Panel Policy.

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Moving Towards Faster, Transparent and Trackable Cross-border Payments

Payments are the lifeblood of an economy. They form a critical part of the financial value chain for companies. But the basic correspondent banking mechanism for cross-border payments has remained unchanged for decades.

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Plans Revealed for Real-time Cross-border Payments System Between Banks in Australia, China, Singapore and Thailand

During Phase 2 of the plan, SWIFT gpiwill be connected with existing real-time payment systems within each recipient country,namely Singapores FAST, Australias NPP, Thailands PromptPay and Chinas CIPS. Many countries in Asia-Pacific are developing domestic real-time payment systems.

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