Payments & Settlements

Payments & Settlements

Taiwan QR Mobile Payment Service Now Available in Korea

By Editors | 01/02/2024

Taiwan travelers with electronic wallets linked to any of 13 financial institutions can pay South Korean merchants by scanning their TWQR code.

CBDCs

UAE Completes First Cross-border Payment Using CBDC

By Editors | 31/01/2024

The transaction was sent to China through the “mBridge” platform, developed by the BIS Innovation Hub, HKMA, CBUAE, BOT, and PBOC.

CBDCs

BOJ to Catalogue Legal Issues for CBDC by April

By Editors | 31/01/2024

BOJ and Ministry of Finance officials held a meeting to discuss the legal issues that need to be resolved for the issuance of a CBDC.

Payments & Settlements

HKMA, BOT to Enhance Cross-border Collaboration

By Sanday Chongo Kabange | 31/01/2024

HKMA and BOT will explore the use of local currencies in cross-border trade and collaboration in financial digitalisation, fintech, and sustainable finance.

Payments & Settlements

BOT, SET Push New Digital Payments Infrastructure on Businesses

By Sanday Chongo Kabange | 30/01/2024

The BOT and SET are promoting the use of a new payment infrastructure called “PromptBiz” to facilitate the digitalisation of the business sector.

Anti-Money Laundering

Samlit Moneychanger Sued After China Police Freezes Funds: Report

By Nithya Subramanian | 29/01/2024

While three Chinese nationals working in Singapore alleged breach of agreements and sought compensation. Samlit said it fulfilled all its obligations.

Trading & Investment

China Consults on Expanding Foreign Access to Repo Market

By Editors | 26/01/2024

All foreign institutional investors that have already conducted spot trading in the interbank bond market will be allowed to participate in the repo market.

Clearing & Post-Trade

CME, DTCC Launch Enhanced Treasury Cross-Margining Arrangement

By Mark Johnston | 25/01/2024

The new cross-margining arrangement will offer capital savings for clearing members, and improve the efficiency and resilience of the overall Treasury market.

Stablecoins

HK’s Stablecoins Regime to Streamline Cross-border Transactions

By Nithya Subramanian | 24/01/2024

Consistent regulatory approach globally and technical standardisations across different blockchains will be key to widespread adoption of stablecoins.