Payments & Settlements

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

    Payments & Settlements

    SAFE Eases Cross-Border Investment, Trade in Pilot Zones

    By Editors | 11/01/2022

    High-tech MSMEs will be granted a quota to borrow money from overseas, and pilot projects for QFLPs and QDLPs will be carried out.

    Payments & Settlements

    BNM Proposes Rule Changes for Payment Card Industry

    By Mark Johnston | 10/01/2022

    The changes will address distortions and frictions in the payment card market and foster greater usage and acceptance of payment cards, BNM says.

    Payments & Settlements

    Philippines Caps Charges Allowed on Small Value Loans

    By Editors | 09/01/2022

    The caps apply to the charges imposed on borrowers of small-value loans by lending firms, financing companies and online lending platforms.

    Payments & Settlements

    RBI Issues New Framework on Offline Digital Payments

    By Mark Johnston | 05/01/2022

    Offline digital payments are expected to benefit areas with weak internet or telecom connectivity, particularly semi-urban and rural areas.

    Payments & Settlements

    Mizuho Bank Reports 9th System Failure for 2021

    By Editors | 04/01/2022

    The failure was attributable to an error in Mizuho’s system settings for transactions occurring at night and on holidays, impacting ATM and online banking operations.

    Payments & Settlements

    IndusInd Bank, NPCI Partner on UPI-based Cross Border Payments

    By Editors | 03/01/2022

    Initially, real-time remittances from Thailand to India will be enabled via DeeMoney, a Thailand-based money transfer operator and partner of IndusInd Bank.

    Payments & Settlements

    Malaysia, Thailand Launch Phase 2 of QR Payments Linkage

    By Editors | 02/01/2022

    Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.

    Trading & Investment

    CFFEX Halves Settlement Fees in Financial Futures Markets

    By Editors | 31/12/2021

    Settlement fees for stock index futures and government bond futures will be halved in 2022. Further enhancements are planned in the year ahead.

    Payments & Settlements

    HKMA Endorses Proposal to Better Protect Mortgage Borrowers

    By Editors | 31/12/2021

    The proposal will make use of electronic payments directly from bank to bank, rather than routing payments for large property transactions through law firms.

    Trading & Investment

    MAS Unveils Initiatives to Open Access to China ETFs, Bonds

    By Editors | 29/12/2021

    SGX and SZSE have signed an MoU to establish an ‘ETF Connect’ mechanism. SGX is also in discussions with CFETS to establish bond market connectivity.

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