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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    Payments & Settlements

    RBI Enhances E-mandate Limit for Recurring Transactions

    By Ajoy K Das | 13/12/2023

    The limit for processing e-mandates for recurring payments was increased for credit card bills, insurance premiums and mutual fund subscriptions.

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    Structural Regulation

    BSP Extends Moratorium on New E-Money Licences

    By Sanday Chongo Kabange | 13/12/2023

    The BSP has extended its moratorium on applications for new non-bank e-money issuers until 15 December 2024.

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    Trading & Investment

    Bursa Malaysia Launches First Currency Futures Contract

    By Editors | 12/12/2023

    The new Mini USD/CNH Futures contract was launched through a licensing agreement established with HKEX.

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    Structural Regulation

    China Issues New Rules to Boost Cross-Border Trade and Investment

    By Editors | 12/12/2023

    Technology firms can more easily borrow funds from overseas and foreign-invested firms can more easily invest funds raised overseas for domestic reinvestment.

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    Alternative Markets

    SEBI Plans New Asset Class for Investors with High Risk Appetite

    By Ajoy K Das | 11/12/2023

    The proposed category is likely to have higher minimum investment and relaxed norms to generate high returns.

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    Payments & Settlements

    Australia Proposes Licensing Framework for Payment Services

    By Manesh Samtani | 09/12/2023

    Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.

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    CBDCs

    RBI in Talks With HK, US on Cross-border CBDC Payments

    By Ajoy K Das | 08/12/2023

    The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.

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    CBDCs

    Singapore, China Announce New Bilateral Cooperation Agreements

    By Manesh Samtani | 08/12/2023

    The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.

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    Anti-Money Laundering

    Indonesia, UAE Central Banks Agree to Expand Cooperation

    By Editors | 08/12/2023

    BI and CBUAE will strengthen cooperation in areas including monetary policy, financial stability, payments, AML/CFT, and Islamic finance.

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    CBDCs

    Korea & Italy to Cooperate on RTGS Systems & CBDC

    By Editors | 07/12/2023

    Bank of Korea and Bank of Italy will share skills and knowledge and cooperate on technologies that support RTGS systems and CBDC.

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