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Illustration of Bank of Mexico building with digital banking apps and official documents for new transfer rules
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Banxico publishes new rules for digital transfers

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The Bank of Mexico published two regulatory modifications in the Official Gazette to standardize banking apps and create Nivel 2 Bis accounts for small businesses.

Banco de Bogotá has enabled four collection solutions with interoperable QR codes through Bre-B. Colombian companies will be able to receive immediate payments from any financial entity and automate reconciliation.

Reported by AI

The Finance Act 2026 signed by President William Ruto on June 23 exempts banks, SACCOs and other lenders from VAT on the sale of repossessed collateral.

Banco Nación announced a new personal loan line to consolidate debts into a single monthly payment. The measure aims to prevent default and protect clients' credit histories.

Reported by AI

Kazuo Ueda has been discharged from hospital, the Bank of Japan said. The 74-year-old governor was admitted on June 9 for treatment of a liver cyst infection.

State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal year through rupee and dollar bonds. The move is intended to strengthen the bank's capital position and support business growth.

Reported by AI

President Prabowo Subianto directed Himbara banks to offer lower credit interest rates to MSMEs than to corporations during a meeting at the Presidential Palace on Thursday.

 

 

 

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