Cops miss out on Covid payments
Cops miss out on Covid payments Probe panel unsure if fraud involvedPolice around the country claim they have been cheated of extra payments due to them for special work carried out during the Covid-19 pandemic.Initial inquiries have found these officers have not been fully paid the extra money they were promised, says Pol Gen Wissanu Prasarttong-Osoth, Inspector General of the Royal Thai Police.“There have been irregularities in the disbursement of extra Covid-19 prevention payments to police,” said Pol Gen Wissanu, head of a committee looking into the matter. “Some police did not receive any...
The Bangkok Post
PayMaya One Lite digital payments for SMEs unveiled
Digital financial services provider PayMaya recently unveiled another innovation in digital payments for small and medium-sized enterprises (SMEs) around the country.PayMaya President Shailesh Baidwan said the PayMaya One Lite is an all-in-one, pocket-sized device capable of accepting all types of digital payments, including cards, e-Wallets and QR.Aside from being portable and compact, Baidwan said, the smartphone-like PayMaya One Lite is completely paperless. Transaction records can be sent via text message, or via e-mail, straight to the customer immediately upon payment. Going paperless, B...
ComBank and Ceylinco Life take online payments to new level | Daily FT
Largest private bank appointed Internet Payment Gateway provider to life insurance leader; launches easy payment plans for premium paymentsTwo Sri Lankan financial services giants, the Commercial Bank of Ceylon and Ceylinco Life Insurance are collaborating to enhance the convenience and security of paying premiums online, and have introduced easy payment plans for the purpose.Ceylinco Life has appointed Commercial Bank as its Internet Payment Gateway (IPG) service provider, augmenting the online payment experience for users of credit or debit cards of any brand from any issuing bank while offe...
Daily Financial Times
Digital economy: the future of payments and commerce
2019 marked a major mobile industry as the number of registered mobile money accounts throughout the world surpassed the one billion mark.This is a tremendous achievement, given the fact that the industry is just over a decade old. Globally, the last five years have witnessed a gradual shift from cash to digital payments. The ratio of digital to cash-based transactions has also increased by nearly 50 per cent with the larger proportion of money entering and leaving the system in digital form and on varied platforms.The scale at which digital transactions are growing demonstrates that more peop...
In-vehicle Payment Spend to Exceed $86 Billion in 2025, as Partnerships Improve Ecosystem Viability
Hampshire, UK - September 21, 2020 (Investorideas.com Newswire) A new study from Juniper Research has found that the value of in-vehicle payments, where a payment is made via embedded vehicle systems, will reach $86 billion in 2025, up from just $543 million in 2020. In-vehicle payments automate and simplify several existing payment processes via the vehicle's onboard systems; providing increased convenience for drivers. This dramatic growth will be driven by increased partnerships which are improving the availability of services, particularly in the fuel and smart parking segments.The report ...
Pandemic has accelerated drive towards cashless payments in UAE, says FAB official
Abu Dhabi: The idea of having a cashless society for payments and banking is no longer just a distant idea, but fast becoming a new reality here in the UAE, with the global pandemic accelerating the country’s drive towards such a new system according to Ramana Kumar head of payments and digital banking at First Abu Dhabi Bank (FAB).“People have started to see the value in [going cashless] and our customer transactions have picked up in terms of Ecommerce and digital payments,” he said.“In terms of branch transaction migrations we have seen a phenomenal change in that, and so today our digital ...
Understanding wages and allowances when calculating severance and other payments
After the COVID-19 outbreak, a number of business operators were forced to react to the situation by reducing the number of workers or staff they employed. For the labour courts and labour officers, one important point related to such reductions is whether employers have paid the correct amount of severance, remuneration in lieu of advance notice, and overtime payments to their employees.Unfortunately, many employers fail to include all required allowances as part of the wages when calculating the necessary payments upon termination of their employees, and some employers also do not include al...
The Bangkok Post
Elderly, disabled set to get payments
Elderly, disabled set to get payments DLA allays fears of funding delaysThe Department of Local Administration (DLA) on Friday allayed concerns about delays in making living allowance payments for elderly and disabled people, saying it managed to move funds from other schemes to make payments.DLA director-general Prayoon Rattanasenee insisted the problem had been addressed and the payments, which were usually made on the 10th of every month, would be made by Sept 22 or sooner.The assurances followed an announcement by the Comptroller General’s Department on Thursday that it could not pay livin...
The Bangkok Post
Cashless payments at toll ways start on Nov. 2
The Department of Transportation (DOTr) and the Toll Regulatory Board will start cashless transactions for all vehicles traversing the expressways on Nov. 2.On Aug. 13, Transportation Secretary Arthur Tugade ordered the mandatory use of cashless or contactless payment transactions at toll ways to reduce the risk of contracting COVID-19.“This initiative will not only reduce human intervention in payments. It will ensure a more efficient flow of traffic within the expressways. Motorists will breeze through the toll way plaza when they pay for the fees,” said Transportation Assistant Secretary Ma...
Philippines Daily Inquirer
Fidelity Bank Rolls Out SWIFT Payments
Edward Opare-DonkorFIDELITY BANK Ghana has partnered with SWIFT, the global provider of secure financial messaging services, to adopt a Global Payments Innovation (GPI) service, making cross-border payments faster and easier for customers.The industry-first initiative will enable real-time tracking of cross border payments by Fidelity Bank customers as well as providing end-to-end traceability to facilitate accuracy on the status of cross-border remittances.Edward Opare-Donkor, Deputy Managing Director, Operations and Support Functions of Fidelity Bank Ghana, said, “We are proud to be the firs...
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