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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    PEPs & Sanctions

    Major Chinese Banks Are Offloading Russia Assets – Report

    By Editors | 09/09/2024

    Russia’s banks have also reportedly run out of yuan, largely because Chinese financial firms have stopped doing business with the country.

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    Payments & Settlements

    Alibaba to Add WeChat Pay Option to E-Commerce Platforms

    By Editors | 09/09/2024

    The decision was announced less than a week after the market regulator declared an end to its antitrust review of Alibaba.

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    PEPs & Sanctions

    Russian Business With India is ‘Booming’, Says Sberbank Exec – Report

    By Editors | 06/09/2024

    Sberbank executive said Russia is able to import anything it needs from India, with most transactions only taking a few hours to complete.

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    Fraud, Scams & Cybercrime

    UK Proposes to Lower Limit for APP Fraud Reimbursements

    By Nithya Subramanian | 06/09/2024

    The PSR has proposed to revise its December 2023 plan to reduce the reimbursement limit from GBP 415,000 to GBP 85,000.

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    Cryptocurrency

    MAS Grants Major Payment Institution License to OKX

    By Nithya Subramanian | 03/09/2024

    OKX also appointed a former MAS official as its Singapore CEO, saying the city-state is a core market for its global strategy.

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    Payments & Settlements

    Indonesia, Korea Set to Implement Local Currency Framework

    By Editors | 02/09/2024

    14 Indonesian and 7 Korean banks have been appointed to handle transactions between the two countries using local currencies.

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    Trading & Investment

    China Launches Non-deliverable Forwards in Interbank Market

    By Manesh Samtani | 02/09/2024

    CFETS said the introduction of foreign currency NDFs will help market participants better hedge their forex risks.

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    Payments & Settlements

    Cambodia, Korea Launch Cross-border Payments Link

    By Nithya Subramanian | 02/09/2024

    Users of Korea’s Jeonbuk Bank can make payments at more than 3.3 million stores in Cambodia by scanning KHQR codes.

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    PEPs & Sanctions

    China Payments Becoming Increasingly Difficult for Russia

    By Editors | 02/09/2024

    Chinese banks are returning payments for goods already shipped; Chinese exporters asking for pre-payments; UAE banks rejecting payments for Russia-China trade.

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    Payments & Settlements

    SEBI Proposes to Mandate UPI Blocking Mechanism for Stock Trades

    By Ajoy K Das | 29/08/2024

    Under the UPI block mechanism, investors only transfer funds to the broker after their shares are credited.

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