The enactment of the new regulation could majorly update the the Indonesian Financial Services Authority's stated goal of maintaining a stable and transparent financial sector while protecting consumers and society.

With the global economy still in recovery from the pandemic, AFI members are intensifying efforts to accelerate effective, targeted and sustainable financial inclusion policy and regulatory solutions.

Deadline to submit applications is ongoing, with priority given to eligible institutions that submit before 8 May 2022.

The move is expected to affect companies such as credit card issuer Nubank, payment company PagSeguro, financial technology solutions firm StoneCo and digital wallet PicPay.

The Leadership & Diversity Program for Regulators is now accepting applications on a rolling basis.

The initiative provides a stage for the world’s most promising fintech and regtech innovators that are enhancing access to and the usage and quality of formal financial services for low-income populations

The new policy aims at financial independence for people with disabilities by improving their access to banking services as well as providing opportunities to contribute as bank employees.

Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars.

The Bank of Thailand has been asked to review the ceiling of interest rates and supervise credit cards, personal loans and car loans, as the Thai government has vowed to tackle high household debt, incurred by credit card and personal loans.

While COVID-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritize and actively deploy fintech initiatives by regulators.