Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

    image

    Payments & Settlements

    India, Sri Lanka Sign UPI Acceptance Agreement

    By Editors | 24/07/2023

    India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

    image

    Payments & Settlements

    Alipay, WeChat Pay Start Accepting Foreign Credit Cards

    By Editors | 21/07/2023

    The move allowed travellers to pay for goods and services across China, where mobile payments are needed for most basic necessities.

    Payments & Settlements

    US Launches Instant Payments Service, FedNow

    By Editors | 21/07/2023

    35 early-adopting banks and credit unions are ready with instant payments capabilities via FedNow, and 16 additional service providers are supporting payment processing.

    image

    PEPs & Sanctions

    Western Allies Announce New Sanctions to Deter Russia

    By Manesh Samtani | 21/07/2023

    US sanctions include Russian metal producers and financial institutions. Canada targeted Russia’s military-industrial complex. UK, Australia and EU also have new targets.

    image

    Trading & Investment

    Vietnam Launches New Bond Trading Platform at HNX

    By Editors | 20/07/2023

    The system will also support businesses in mobilising mid and long-term capital, helping them reduce their dependence on bank credit.

    CBDCs

    Total e-CNY Transactions Reach ¥1.8tr in China

    By Mark Johnston | 19/07/2023

    China’s digital yuan is gaining traction in domestic transactions, including in the aviation sector and in a Hong Kong shopping festival.

    image

    Payments & Settlements

    Hong Kong to Launch New eMPF Platform in Q2 2024

    By Sanday Chongo Kabange | 19/07/2023

    Software development was largely completed in June. Testing will be completed within this year. Migration will commence in Q2 2024.

    image

    Payments & Settlements

    RBI and CBUAE Sign MoUs to Boost Cross-Border Payments

    By Editors | 17/07/2023

    The first MoU will promote the use of local currencies for cross-border transactions. The second is aimed at interlinking India and UAE’s payment and messaging systems.

    image

    Fraud, Scams & Cybercrime

    Lessons in Liability: Applying Card Fraud Dispute Frameworks to Digital Banking Scams

    By Tim Dalgleish | 16/07/2023

    Tim Dalgleish discusses the implications of new scam liability regulations, taking lessons from card fraud dispute frameworks.

    image

    Payments & Settlements

    France Agrees to Accept UPI Payments from Indian Travellers

    By Editors | 15/07/2023

    Indian tourists will be able to use the UPI system to make payments in Indian rupees while visiting France.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.