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

    Japan FSA Orders Report Explaining Zengin-Net Outage

    By Sanday Chongo Kabange | 18/10/2023

    Zengin-Net has to produce a report explaining last week’s outage and measures taken to prevent a recurrence.

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    Payments & Settlements

    Mitigating Settlement Risk in a Fragmented World

    By Marc Bayle de Jessé | 17/10/2023

    Marc Bayle de Jessé discusses work underway to address settlement risks in FX transactions and what more needs to be done.

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    Cryptocurrency

    MAS Grants Major Payments Institution Licence to Upbit

    By Editors | 16/10/2023

    Upbit is South Korea’s largest crypto exchange. The group also has regulated digital asset exchanges in Indonesia and Thailand.

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    Payments & Settlements

    Australia to Regulate Digital Payment Providers

    By Editors | 12/10/2023

    The RBA will regulate new and emerging payments systems the same way as credit cards, EFTPOS and other transactions.

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    Payments & Settlements

    UPDATED – Japan Suffers Payment Clearing Network Disruption

    By Editors | 11/10/2023

    Zengin-Net restored its system in the early hours of Thursday (12 October). The FSA ordered the production of a detailed report of the incident.

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    Payments & Settlements

    Public-Private Partnership Key for G20 Cross-Border Payment Targets: FSB

    By Ranamita Chakraborty | 10/10/2023

    FSB’s Rupert Thorne tells Regulation Asia how public and private sectors play critical roles in achieving the G20’s cross-border payment targets.

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    Payments & Settlements

    Australia Consults on Aligning Timing of Super Payments With Wages

    By Editors | 10/10/2023

    Employers tend to make super payments quarterly, even though employees are typically paid in fortnightly or monthly pay cycles.

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    Cybersecurity

    RBI Allows Banks to Introduce Card Token Facilities

    By Editors | 09/10/2023

    Card token creation has until now only been available through merchant applications or websites, not issuer banks.

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    Clearing & Post-Trade

    Don’t Delay the Inevitable: T+1 Settlement is Imminent

    By Val Wotton | 09/10/2023

    DTCC’s Val Wotton discusses what the US move to a shorter settlement cycle means for Asia and beyond.

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    Payments & Settlements

    India, UAE Sign Agreement to Interlink Payment Systems

    By Editors | 09/10/2023

    India will interlink the UPI with the UAE’s Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.

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