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

    Multilateral Platforms Will Benefit Cross-Border Payments

    By Sanday Chongo Kabange | 20/01/2023

    New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.

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    CBDCs

    Chinese Securities Firm Switches on CBDC Payment Option

    By Editors | 17/01/2023

    China’s e-CNY system can also now capable handle offline payments, and “tap to pay” can function when devices are powered off.

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    Payments & Settlements

    Non-Resident Indians Allowed to Make UPI Transfers

    By Editors | 17/01/2023

    NPCI said NRIs in ten jurisdictions can use the UPI platform to digitally transfer funds, using their international mobile numbers.

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    Clearing & Post-Trade

    India to Complete Transition to T+1 on 27 January

    By Editors | 17/01/2023

    All large-cap and blue-chip stocks will move to the shortened T+1 settlement cycle on 27 January. Market liquidity and trading volumes are expected to improve.

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    Payments & Settlements

    China Directs Banks to Use Yuan in Cross-border Transactions

    By Editors | 17/01/2023

    Banks are directed to prioritise the use of the yuan in cross-border trade, as well as in overseas investment and financing transactions.

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    Payments & Settlements

    SEBI Issues New Standards for Handling Stock Exchange Outages

    By Sanday Chongo Kabange | 15/01/2023

    Outages must be reported within 15 minutes. Updates must be provided every 45 minutes. Trading hours can be automatically extended for other exchanges.

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    Trading & Investment

    Russia to Resume Yuan Trading to Stabilise Ruble

    By Editors | 13/01/2023

    The move comes a year after the central bank suspended yuan trading. The finance ministry said it is allocating the equivalent of about $800mn for FX trades.

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    Payments & Settlements

    PayNow-UPI Linkage is Ready for Launch: MAS Official

    By Editors | 11/01/2023

    MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.

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    Structural Regulation

    China’s Crackdown on the Tech Sector Nears Conclusion

    By Sanday Chongo Kabange | 10/01/2023

    Top regulator Guo Shuqing said supervision of internet platform companies will normalise. Jack Ma has meanwhile ceded control of Ant Group.

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    Payments & Settlements

    Korean Payment Firms Required to Improve Fee Transparency

    By Editors | 07/01/2023

    Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.

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