Launched in 2016, the Unified Payments Interface is an instant real-time payment system developed by NCPI that facilitates inter-bank transactions. In April 2019, the number of Bharat Interface for Money (BHIM)-based UPI transactions grew to 15 million worth IN ₹6,583.58 crores (approximately US $952 million).
EXCLUSIVE – Philippine OpenGov Leadership Forum 2019: Recognition of Excellence for Filipino agencies – Part 4
The OpenGov Recognition of Excellence (RoE) 2019 recognised and celebrated a total of 13 government agencies, academic institutions, organisations and a city from the Philippines for striving towards excellence in ICT strategies, policies and initiatives.
The start-up matches female entrepreneurs from all over the world with Filipino women looking for remote work through a tech platform, which utilises a unique proprietary algorithm to ensure a precise match.
The extensive database includes information on individuals, who have served, specific conflicts, units, places, memorials and cemeteries around the globe.
Central Banks of Canada and Singapore conduct successful experiment using Distributed Ledger Technology
The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies. This is the first such trial between two central banks, and has great potential to increase efficiencies and reduce risks for cross-border payments. Cross-border payments today are often slow […]