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Hungary’s commercial banks have begun a test phase of a domestic instant-payments system expected to go live on July 1, the clearing house operator GIRO said on Thursday. Hungarian banks begin instant-payments trial Under the new instant-payments system, which has been in development since 2017, domestic bank transfers worth up to 10 million forints ($35,306) …
Payments Network Malaysia (PayNet), the national payments network and central infrastructure provider, has implemented DuitNow, Malaysia’s Real-Time Payments Platform (RPP) using ACI’s UP solution. DuitNow real-time payments platform launches in Malaysia The first service offered to the public under the platform is DuitNow, an instant credit transfer with a national addressing database that links mobile …
UK house prices fell in August amid a drop in demand for bigger homes after the government scaled back its stamp duty tax break for buyers in England and Northern Ireland this summer, according to Rightmove. The property website said the national average asking price of a home had fallen by 0.3%, or about £1,000, …
Fewer than a quarter of UK companies struggling to hire staff after the easing of pandemic restrictions plan to increase the wages they offer to lure new recruits, according to a report. Employers’ hiring confidence has hit a nine-year high as firms attempt to tackle what some recruiters have described as the worst staff shortages …
The UK government has launched an investigation into renewable electricity deals amid growing concern over the extent of “greenwashing” by large energy firms claiming to offer environmental benefits to customers. In a crackdown as increasing numbers of people switch to a renewable energy deal, the government said it would review how the sector markets its …