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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    CBDCs

    Project mBridge Ready for Live Transactions by Early Adopters

    By Manesh Samtani | 06/06/2024

    Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.

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    CBDCs

    BIS Launches New Project to Enhance Cross-border Payments

    By Manesh Samtani | 05/06/2024

    The project will explore a new automatic FX settlement layer solution for cross-border payments, using wCBDC as a settlement asset.

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    Payments & Settlements

    India to Allow Non-residents to Open Rupee Accounts

    By Ajoy K Das | 05/06/2024

    Indian banks will also be able to lend to non-residents in INR, as part of measures to internationalise the domestic currency.

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    Payments & Settlements

    CBA, JPM to Pilot Cross-border Bank Account Validation

    By Nithya Subramanian | 04/06/2024

    CBA’s pilot involves the sharing of limited payee account data through its NameCheck technology on JP Morgan’s Liink network.

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    Payments & Settlements

    Marketnode Set to Launch New Funds Settlement Infrastructure

    By Editors | 04/06/2024

    Fundnode will be ready within June with a network of partners including fund managers, wealth managers, and private banks.

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    Clearing & Post-Trade

    HKSCC to Enhance Settlement Process for Dual Counter Securities

    By Manesh Samtani | 04/06/2024

    HKSCC intends to eliminate the need for manual inter-counter transfers in CCASS during settlement of securities traded in multiple currencies.

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    Tokenisation

    Tokenisation Will Improve Correspondent Banking Model: BIS Paper

    By Manesh Samtani | 01/06/2024

    The next generation of correspondent banking will make “previously closed corridors economically viable once again”.

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    Cloud & Infrastructure

    RBI Announces Launch of Three New Fintech Initiatives

    By Ajoy K Das | 31/05/2024

    The RBI launched a new application portal, a mobile app for G-Secs trading, and repositories containing FinTech and EmTech data.

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    Payments & Settlements

    India to Bring UPI to 20 Countries by 2029: RBI

    By Ajoy K Das | 31/05/2024

    India is exploring FPS and multilateral inter-linkages with countries in the EU and South Asia, the RBI said in its annual report.

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    Payments & Settlements

    Tencent Directed to Reduce WeChat Pay’s Market Share – Report

    By Editors | 30/05/2024

    Regulators reportedly directed Tencent to reduce WeChat Pay’s market share for in-person QR payments.

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