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Bursa Malaysia, Digital Asset and VMware Blockchain to develop dematerialization proof-of-concept

Bursa Malaysia, Digital Asset and VMware Blockchain to develop dematerialization proof-of-concept
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Bursa Malaysia to run dematerislisation PoC with Digital Asset and VMware

Bursa Malaysia to run dematerislisation PoC with Digital Asset and VMware
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Automated debit transaction failure rate stays high in June

Automated debit transaction failure rate stays high in June SECTIONS Share Synopsis The high failure rates in debit payments in June have surprised analysts who had expected it to come down as restrictions in economic activity had started to ease with the fall in infections. Bounce rates have increased above 30% in May and June after falling to 27.48% in April 2021 which was much lower than the 36.65% reported in April 2020. Agencies Suresh Ganapathy, research analyst at Macquarie Capital Securities said the high failure rates in debit transactions could be an early indicator of stress in NBFCs. Failure rates in automated debit transactions have remained stubbornly high in June indicating that financial stress due to localized lockdowns to curb the spread of the Covid 19 pandemic has still not subsided.

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