Central Bank, Electronic Banking and Retail Payments

In Hungary, Instant Payments Gain Traction

PYMNTS

JANUARY 4, 2019

GIRO said the new system will allow bank transfers to be done across mobile phone numbers, which should provide alternatives to 24-digit bank account numbers. Separately, UCPB , a lender based in the Philippines, has introduced a money transfer service between banks, allowing for instant fund transfers.

Instant Payments

Instant Payments Online and Mobile Banking Funds Transfer Payments

National Bank of Kuwait Rolls Out SWIFT gpi; UCPB Launches InstaPay Transfer Service

PYMNTS

JANUARY 2, 2019

In The Philippines , UCPB rolled out its InstaPay service to enable customers to transfer money instantly to bank accounts, according to reports. The company’s electronic banking services platform, UCPB Connect, is said to facilitate the fund transfer service.

SWIFT

SWIFT Cross-Border Payee Funds Transfer

Payments Space

In Hungary, Instant Payments Gain Traction

National Bank of Kuwait Rolls Out SWIFT gpi; UCPB Launches InstaPay Transfer Service

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