Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

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    Payments & Settlements

    HKMA, PBOC to Pilot Cross-Boundary Payments Link in Mid-2025

    By Sanday Chongo Kabange | 29/10/2024

    The HKMA says a pilot launch for a cross-boundary payment linkage between Hong Kong’s FPS and China’s IBPS will tentatively launch in mid-2025.

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    Payments & Settlements

    BRICS Nations Agree to Continue Working on Cross-Border Payments

    By Manesh Samtani | 27/10/2024

    Russia has proposed an alternative platform for international payments, but few practical steps have been taken so far towards implementation.

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    Payments & Settlements

    Paytm Gains NPCI Approval to Onboard New UPI Users

    By Mark Johnston | 26/10/2024

    Paytm has received approval from the NPCI to resume onboarding new UPI users, a development seen as significant for the company.

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    Payments & Settlements

    HSBC Hong Kong Becomes Direct Participant of China’s CIPS

    By Editors | 26/10/2024

    The move will make it easier for overseas companies to trade and invest using the Chinese currency by making yuan payments faster and cheaper.

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    KYC & CDD

    GLEIF Opens Mumbai Office to Support LEI Adoption in India

    By Editors | 25/10/2024

    The new office will help GLEIF build closer engagement with the market to ease and support LEI adoption, while also spreading awareness of the vLEI.

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    Cloud & Infrastructure

    Hong Kong Digital Banks Gaining Public Trust and Adoption: HKAB

    By Mark Johnston | 24/10/2024

    A recent survey by the Hong Kong Association of Banks reveals a surge in public trust and awareness of digital banks in the city.

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    Trading & Investment

    RBI Expands Access to Electronic Trading Platform for G-Secs

    By Mark Johnston | 24/10/2024

    Access to NDS-OM will expand to regional rural banks, local area banks, NBFCs, provident funds, pension funds, and regulated MIIs.

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    Clearing & Post-Trade

    SIX Signs Cooperation MoU With Hong Kong’s CMU OmniClear

    By Manesh Samtani | 24/10/2024

    SIX and the HKMA subsidiary will cooperate to unlock further cross-border investment opportunities between Switzerland and Hong Kong.

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    CBDCs

    CBDC Platform mBridge is Open to US Dollar Inclusion: Central Bankers

    By Editors | 24/10/2024

    Current and former central bankers speaking at Sibos discussed the importance of the mBridge platform and how it can evolve to meet broader market needs.

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    Payments & Settlements

    CBM Inspects MyanmarPay Pilot Ahead of December Launch

    By Nithya Subramanian | 23/10/2024

    The national project aims to integrate QR payments across banks and financial service providers, with phased testing currently underway.

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