Payments & Settlements

Payments & Settlements

Philippines Partners with UAE on Islamic Finance, Cross-Border Payments

By Sanday Chongo Kabange | 25/02/2026

The agreement aims to modernise payment systems and strengthen regulatory collaboration, with a focus on improving remittance channels for overseas workers.

Payments & Settlements

Australian Finance Industry Urges RBA to Mandate Open Access to iPhone Payments

By Sanday Chongo Kabange | 25/02/2026

In a submission to a parliamentary inquiry, finance body AFIA has argued that Apple's control over the iPhone's NFC chip requires regulatory intervention.

Payments & Settlements

Indonesia to Expand QRIS Payment Network to India, China, Saudi Arabia

By Sanday Chongo Kabange | 24/02/2026

Bank Indonesia is pushing its domestic QR code system globally, hitting user targets early and engaging with tech giants like Apple.

Clearing & Post-Trade

Hong Kong Gold Exchange Taps Alibaba Unit for Blockchain Trading Platform

By Sanday Chongo Kabange | 23/02/2026

HKGX is partnering with AGTech to build a blockchain-based system, aiming to cement Hong Kong's role as a global gold hub.

Fraud, Scams & Cybercrime

RBI Probes UPI Autopay as Court Scrutinises Wider Fraud Risks

By Nithya Subramanian | 23/02/2026

The regulator is examining recurring payment issues, and the Delhi High Court is tackling systemic fraud concerns.

AI Risk & Governance

NPCI, Nvidia Collaborate on Sovereign AI for India’s Digital Payments

By Nithya Subramanian | 20/02/2026

The partnership aims to build a scalable, sovereign AI foundation for real-time digital payments, enhancing security, resilience, and regulatory compliance across platforms like UPI.

Payments & Settlements

IIFM and ICMA Partner to Standardise Global Islamic Repo Market

By Editors | 19/02/2026

The two bodies will create a unified master agreement to boost liquidity and replace fragmented practices in Shari'ah-compliant short-term funding.

Clearing & Post-Trade

RBI Defers UTI Mandate for OTC Derivatives Reporting

By Nithya Subramanian | 19/02/2026

Effective January 2027, the mandate covers rupee interest rate, forex and credit derivatives, with waterfall-based UTI generation responsibility.

AI Risk & Governance

NPCI Unveils India-Built AI Model for Payments Sector

By Nithya Subramanian | 18/02/2026

NPCI has unveiled FiMI, a domain-specific AI language model built to power smarter dispute resolution, multilingual support and operational efficiency across the digital payments ecosystem.