Asia Payments Research

May

Philippines SEC launches crypto sandbox initiative

In a bid to foster responsible innovation in the financial services sector, especially in the field of crypto-assets, the Securities and Exchange Commission (SEC) of the Philippines announced it has opened applications for its SEC Strategic Sandbox (StratBox). With a focus on Crypto-Asset Service Providers (CASPs), the StratBox will provide a controlled environment for…

May

Fintech Research

Thailand’s fintech momentum builds the foundation for a financial hub

Thailand is fast emerging as a notable player in Southeast Asia’s fintech scene. With a digitally-savvy population, rising smartphone penetration, and strong government support, the country is crafting a robust fintech ecosystem that could underpin its aspirations to become a regional financial hub. The Thai government has made no secret…

May

Asia Payments Research

UPI outages in early 2025 indicate need for tighter controls and monitoring

During the months of March and April 2025, India’s Unified Payments Interface (UPI) experienced several outages, with the most notable disruption occurring on April 12, when the system was affected for nearly five hours. This marks the longest downtime in recent years. According to the NPCI (National Payments Corporation of India), the…

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Asia Payments Research