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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
China Launches Unified Account Inquiry Platform for Fund Investors
By Sanday Chongo Kabange | 23/04/2024
The platform provides a “one-stop” service for investors to query information about their holdings in public funds, regardless of fund manager or sales channel.
Payments & Settlements
India Explores Measures to Address Duopoly in Mobile Payments Market
By Ajoy K Das | 23/04/2024
Google Pay and PhonePe together account for nearly 86% of UPI transactions by volume. Support and incentives are being considered for smaller players.
Clearing & Post-Trade
ASX Consults on Incentives for CHESS Project Participation
By Sanday Chongo Kabange | 19/04/2024
ASX is consulting on payment options and incentives to enhance engagement and testing activities for the CHESS Replacement project.
Payments & Settlements
UK Banks Launch Digital Money Experimental Phase
By Editors | 19/04/2024
Barclays, Citi, HSBC, and Lloyds are among those that have signed up to experiment with the so-called ‘Regulated Liability Network’.
Payments & Settlements
BIS Project to Simplify Financial Infrastructure Development
By Manesh Samtani | 19/04/2024
BIS Innovation Hub and partners will develop a tool to enable easy implementation of next-gen payment systems and settlement infrastructures.
Payments & Settlements
RBI Proposes New Regulations for Payment Aggregators
By Ajoy K Das | 18/04/2024
The proposed regulations stipulate new net worth requirements for payment aggregators facilitating face-to-face transactions.
CBDCs
RBNZ Consults on Design Options for ‘Digital Cash’
By Sanday Chongo Kabange | 17/04/2024
The RBNZ is seeking feedback on its judgments and design options for digital cash, which would be designed as a general-purpose CBDC.
Clearing & Post-Trade
SFC Reviewing HKEX Proposal to Enhance Clearing Flexibility
By Editors | 12/04/2024
HKEX enhanced its third party clearing arrangements for futures trades in 2022. A proposal submitted to the SFC would do the same for stock and options trades.
Payments & Settlements
US CHIPS Network Completes Migration to ISO 20022
By Editors | 11/04/2024
The CHIPS network, operated by The Clearing House, has become the first high-value payment system in the US to adopt ISO 20022.
Clearing & Post-Trade
China Launches New Repo Clearing Service for Interbank Market
By Editors | 11/04/2024
The National Interbank Funding Center and Shanghai Clearing House launched a new general repo clearing service for the interbank bond market.
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