Payments & Settlements

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

    Payments & Settlements

    Bangladesh Mandates 'Cashless Units' at Banks to Drive Digital Payments

    By Editors | 17/03/2026

    New dedicated units must be formed by 31 March to accelerate merchant onboarding, expand digital payments, and improve coordination.

    Payments & Settlements

    India Panel Calls for Tiered UPI Charges to Ensure Sustainability

    By Nithya Subramanian | 16/03/2026

    A parliamentary committee has recommended a tiered fee structure for UPI to address financial viability and cybersecurity risks.

    Resolution & Recovery

    Cambodian Bank Suspension Stokes Fears of Deeper Regulatory Issues

    By Manesh Samtani | 16/03/2026

    APD Bank’s five-day service freeze has drawn analyst scepticism, while Phillip Bank has moved to quell market rumours amid heightened regulatory scrutiny.

    Clearing & Post-Trade

    US SEC Considers Exempting Foreign Firms from Treasury Clearing Rule

    By Manesh Samtani | 15/03/2026

    The SEC is seeking public comment on a proposal to ease the extraterritorial reach of its new mandate.

    Data Privacy

    BSP Expands Open Finance Pilot for Retirement Accounts

    By Sanday Chongo Kabange | 13/03/2026

    The move allows customers of four major financial institutions to open PERA accounts digitally by sharing data with a designated administrator.

    Cybersecurity

    BNM Sets New Technology Risk Rules for Payment Firms

    By Nithya Subramanian | 13/03/2026

    BNM has introduced stricter technology, cybersecurity, and operational resilience rules for payment providers amid rapid digital payments growth.

    Payments & Settlements

    Australia Issues Draft Legislation for New Payments Licensing Framework

    By Mark Johnston | 13/03/2026

    The reforms establish a dual ASIC-APRA model, setting a AUD 200 million threshold for prudential oversight and introducing new safeguarding rules.

    Operational Risk

    FSS Korea to Inspect Toss Bank After Won-Yen Price Glitch

    By Nithya Subramanian | 13/03/2026

    The regulator has launched an on-site probe after a system error briefly let customers buy yen at half the market rate, causing potential losses of about KRW 10 billion.

     

    Payments & Settlements

    FSB and Industry Launch New Push on Cross-border Payments

    By Sanday Chongo Kabange | 13/03/2026

    Andrew Bailey says progress on the G20 roadmap is stalling, outlining new action plans for regulators and calling for industry leadership.

    Payments & Settlements

    Philippine Senate Approves Act on OFW Remittance Protection

    By Sanday Chongo Kabange | 12/03/2026

    The measure tasks regulators with setting a range for remittance fees and mandates financial literacy training for overseas workers.

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