ADVERTISEMENT
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
PBOC, HKMA Sign Cooperation Framework for Payments Linkage
By Editors | 04/08/2024
The cooperation framework will enable the Chinese and Hong Kong authorities to link their fast payment systems.
PEPs & Sanctions
EBA Proposes New Reporting Requirements for Payments Firms
By Editors | 04/08/2024
PSPs would have to report on the share of instant transfers, both domestic and cross-border, that were rejected due to the application of sanctions.
Payments & Settlements
RBI Proposes New Framework on Digital Payments Authentication
By Ajoy K Das | 04/08/2024
The draft framework would require all digital payment transactions to be authenticated with AFA unless otherwise exempted.
Structural Regulation
BOT to Further Relax FX Management Rules in Q4
By Editors | 03/08/2024
The BOT will quadruple the annual outflow limit for Thai citizens and make the FX management rules for businesses more flexible.
Cloud & Infrastructure
BigTech Integration in Finance Poses Challenges: RBI Report
By Ajoy K Das | 03/08/2024
RBI report discusses BigTech in financial services, financial sector digitalisation, international payments initiatives and India’s CBDC.
Payments & Settlements
BSP Amends Guidelines for Payments Settlement Systems
By Sanday Chongo Kabange | 01/08/2024
The BSP said the revised guidelines provide operational flexibility to ACHs under the NRPS framework namely InstaPay and PESONet.
Payments & Settlements
ACCC to Update Guidance on International Money Transfers
By Sanday Chongo Kabange | 31/07/2024
The proposed changes will help provide further transparency to consumers so they can better compare the costs of international money transfers.
Payments & Settlements
China Implements Tighter Rules for Non-Bank Payments Platforms
By Editors | 31/07/2024
The rules impose stricter licensing, business management, risk management and user protection requirements on non-bank payment institutions.
Anti-Money Laundering
MAS Tightens Licensing Requirements for Payment Services
By Ranamita Chakraborty | 31/07/2024
Applicants must submit a legal opinion, an independent assessment report by an external auditor, and have a governance structure for compliance and AML/CFT oversight.
Payments & Settlements
RBI Fines Visa and Two Other Payment System Operators
By Ajoy K Das | 29/07/2024
Visa was penalised for implementing a payment authentication solution without obtaining regulatory clearance from the RBI.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.