Philippines allows non-financial institutions to support electronic money transfers
09 January 2025
Philippines central bank, The Bangko Sentral ng Pilipinas (BSP), has lifted its moratorium on new electronic money issuers from non-bank financial institutions (EMI-NBFI) to enhance digital payments in the country.
However, there remain conditions that need to be met before a would-be NBFI can get a licence. Applicants are advised to submit proposals that are backed by market research and data-driven analysis. These applications must clearly articulate the intended market and provide evidence-based insights into the business model and target demographic, thereby strengthening their value proposition within the financial sector.
Find out more WBA announces 10 predictions for 2025
07 January 2025
The Wireless Broadband Alliance (WBA) has shared 10 predictions, laid out by its President and CEO, Tiago Rodrigues, for Wi-Fi in 2025.
Detailed in full in the WBA Annual Industry Report 2025, these trends reflect how Wi-Fi is evolving to meet the demands of increased connectivity, higher speeds, better security, the growing number of devices connected to the internet and a greater focus on energy efficiency.
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Vietnam cracks down on online regulation
07 January 2025
An internet law that gives the government power to regulate online content took effect in Vietnam recently. Decree 147 expands government control over access to information on the internet for reasons of ‘national security’ and ‘social order’.
The law expands radically on guidelines from 2021 that codify ethics for social media companies and the public, and rules, issued in a decree in August 2022, that require technology firms to store their users' data locally and set up local offices.
Find out more Ufone 4G and JGI partner for insurance products
30 December 2024
Ufone 4G, the mobile arm of Pakistan Telecommunication Company Limited (PTCL), has struck a partnership with US-based Jubilee General Insurance (JGI) to sell insurance products to Ufone customers.
Under the partnership, JGI will offer two insurance plans, starting with a ‘Personal Accident Insurance’ package that provides coverage for accidental death and permanent disabilities, with lumpsum benefit plans up to PKR 2,000,000.
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