Payments & Settlements

Payments & Settlements

India Launches Three New Digital Payments Initiatives

By Editors | 24/09/2022

The three initiatives have the potential to revolutionise the digital payments ecosystem, said NPCI.

Clearing & Post-Trade

AFME Considers Implications of an EU Move to T+1 Settlement

By Editors | 23/09/2022

AFME acknowledges the benefits of T+1 settlement but calls for an industry task force to be set up to conduct a detailed assessment.

Payments & Settlements

Banks, Tech Firms Propose Payments Pilot Using EU Digital IDs

By Editors | 22/09/2022

European banks and tech firms will show how payments and EU digital ID wallets can be combined across borders and in multiple currencies.

CBDCs

China to Expand CBDC Testing in Guangdong, Other Provinces

By Editors | 21/09/2022

The central bank will expand its digital yuan testing to include Guangdong, Jiangsu, Hebei and Sichuan in their entirety.

Payments & Settlements

BOT Details Plans to Upgrade Payment Systems

By Editors | 21/09/2022

The plans include the development of PromptBiz, a digital payment infrastructure system for the business sector.

Payments & Settlements

Bangladesh Allows Banks to Maintain Nostro Accounts in CNY

By Editors | 19/09/2022

The move will reduce Bangladesh’s reliance on the US dollar in foreign trade transactions and save costs for businesses.

Structural Regulation

StanChart’s Singapore Digital Bank Reaches Key Milestone

By Editors | 16/09/2022

Trust Bank has been offering new accountholders a chance to win one of three Tesla cars, where referrals increase the chances of winning.

Payments & Settlements

SBI to Facilitate Rupee Mechanism for Exports to Russia

By Editors | 16/09/2022

Russia still has to identify its own corresponding banks to help facilitate trade with India, but this is expected to be announced in the next two weeks.

Sustainable Finance

MAS Launches New Transformation Map for Financial Industry

By Editors | 16/09/2022

MAS will promote the FX trading ecosystem, enhance fund structures, support fintechs, improve its bond infrastructure, and scale up sustainable and transition financing.