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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    Structural Regulation

    BSP Enters Arbitration Over Philsys Card Printing Delays

    By Mark Johnston | 29/09/2024

    The proceedings were initiated by AllCard Inc, which was contracted to supply cards and equipment for the production of PhilSys cards.

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    Payments & Settlements

    India to Develop Payments System for Trinidad and Tobago

    By Nithya Subramanian | 28/09/2024

    The partnership aims to help Trinidad and Tobago develop a UPI-based real-time payments platform for P2P and P2M transactions.

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    Payments & Settlements

    Australia Rolls Out Merchant Choice Routing for Mobile Payments

    By Thisanka Siripala | 27/09/2024

    AP+ said merchants will for the first time have the choice to process mobile wallet payments via the lower-cost eftpos network.

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    Payments & Settlements

    Cambodia Working to Launch Multi-currency KHQR Codes

    By Nithya Subramanian | 27/09/2024

    The NBC is working to launch unified KHQR codes that can accept payments using both the riel and US dollar.

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    Payments & Settlements

    SEBI Mandates Use of UPI for Public Issues of Debt Securities

    By Ajoy K Das | 25/09/2024

    Retail investors applying for public issues of debt securities via intermediaries will have to use the UPI fund blocking mechanism.

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    Structural Regulation

    US Prosecutors Accuse Visa of Monopolising Debit Card Market

    By Editors | 25/09/2024

    The DOJ says Visa illegally maintains monopoly power by imposing a web of exclusionary agreements on merchants and banks.

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    Payments & Settlements

    MAS Suspends Qoo10 Payment Services Over Merchant Complaints

    By Nithya Subramanian | 24/09/2024

    MAS ordered the suspension after Qoo10 failed to demonstrate that it had the necessary resources to fulfill its payment obligations.

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    PEPs & Sanctions

    EU Plans €35b Loan for Ukraine, Backed by Russian Assets

    By Editors | 23/09/2024

    The EU was initially planning to contribute about €18bn out of the total €45bn the G7 was planning to raise for Ukraine.

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    Structural Regulation

    Thailand Closes Applications for Virtual Bank Licences

    By Nithya Subramanian | 23/09/2024

    Five major groups are competing for just three licences. The licence winners will be announced by mid-2025.

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    Payments & Settlements

    Malaysia, Cambodia Launch Cross-border QR Payment Linkage

    By Nithya Subramanian | 20/09/2024

    The first phase will allow Cambodian users to make instant retail payments in Malaysia by scanning DuitNow QR codes.

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