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
Japan, Cambodia Agree to Establish Cross-border QR Payment Link
By Editors | 19/12/2023
Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.
Payments & Settlements
China Issues New Rules for Non-bank Payment Institutions
By Manesh Samtani | 19/12/2023
Regulators are imposing stricter licensing, business management, risk management and user protection rules on non-bank payment institutions.
Payments & Settlements
MAS Suspends Non-Bank, Non-Card Channels for China Remittances
By Editors | 19/12/2023
The move is a response to reports that remittances to China made by individuals in Singapore have been subsequently frozen by mainland law enforcement agencies.
Payments & Settlements
China Expands Pilot Programme to Boost Cross-border Trade and Investment
By Editors | 19/12/2023
The pilot programme, launched in 2022, is expanded to cover all of Shanghai, Jiangsu, Guangdong, Beijing, Zhejiang, and Hainan.
Clearing & Post-Trade
SEBI Allows Brokers to Invest Clients’ Funds in Overnight MFs
By Ajoy K Das | 15/12/2023
Brokers must ensure that these overnight schemes invest only in government bonds and overnight repo markets.
Structural Regulation
Mainland Officials Meet With HK Bankers to Discuss Challenges
By Mark Johnston | 15/12/2023
Officials met with Hong Kong bankers this week to seek their views on improving the city’s competitiveness.
Payments & Settlements
RBA Sets Out Focus Areas for Upcoming Payments System Review
By Editors | 15/12/2023
The key focus areas for next year’s review are mobile wallets, BNPL services, and least-cost routing, Michele Bullock said.
Payments & Settlements
Indonesia, Korea Finalise Rules for Local Currency Transactions
By Mark Johnston | 14/12/2023
The two countries unveil operational guidelines that will implement a local currency transactions framework in 2024.
Data Privacy
China, Hong Kong Streamline Personal Data Sharing Across GBA
By Manesh Samtani | 14/12/2023
A standard contract will be piloted this month to allow personal data to be transferred within the GBA in a safe and orderly manner.
Payments & Settlements
PBOC Establishes Yuan Clearing Arrangement With Serbia
By Editors | 13/12/2023
Agreements to establish yuan clearing arrangements have also recently been signed with Cambodia, Brazil, Kazakhstan, Laos and Pakistan.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.