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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
BIS Explores Design Features of Fast Payment Systems
By Editors | 05/03/2024
New BIS article outlines the main design features of fast payment systems that may foster adoption, such as allowing non-bank participation.
Payments & Settlements
Malaysia, Cambodia Agree to Link Payment Systems
By Editors | 05/03/2024
BNM and NBC agreed to encourage the use of local currency settlement and to link their payment systems to enable cross-border QR payments.
Payments & Settlements
RBI Approves Establishment of New Online Payments Platform
By Ajoy K Das | 04/03/2024
Bharat BillPay Limited will set up a platform that will enable payment aggregators to accept transactions from any bank without having to onboard each one separately.
Payments & Settlements
Bangladesh Launches New System for Reporting FX Transactions
By Ajoy K Das | 04/03/2024
The FX Dashboard removes the need for banks to submit physical documents for forex transactions and will improve central bank monitoring.
Payments & Settlements
RBI Revises Rules for Bharat Bill Payment System
By Ajoy K Das | 04/03/2024
The Bharat Bill Pay Central Unit will play a bigger role in protecting consumers through rule- and standard-setting and by guaranteeing settlement of BBPS transactions.
Payments & Settlements
China to Improve Payment Convenience for Foreign Visitors
By Editors | 03/03/2024
Alipay and WeChat Pay are directed to raise their transaction limits for foreigners and improve their ability to link to foreign bank cards.
Trading & Investment
PBOC Issues Rules Opening Access to Interbank Bond Market
By Editors | 01/03/2024
Investors will be able to invest in treasury bonds, local government bonds and policy financial bonds via over-the-counter channels from 1 May.
Trading & Investment
Korea Amends Trading Rules for Foreign Listed Securities
By Mark Johnston | 01/03/2024
The amendment will introduce some exceptions for selling overseas listed securities through foreign securities firms.
Tokenisation
Rabobank Executes €2b in Commercial Paper Transactions on Blockchain
By Sanday Chongo Kabange | 29/02/2024
Rabobank has completed a series of pilots to execute commercial paper transactions on a blockchain platform called ‘Ubermorgen’.
PEPs & Sanctions
Huawei Pay Stops Allowing UnionPay-linked Payments in Russia
By Editors | 29/02/2024
UnionPay cards linked to the Huawei Pay service are being refused in Russia due to US sanctions against the operator of the Mir payment system.
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