Payments & Settlements

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

    CBDCs

    CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s

    By Ranamita Chakraborty | 20/09/2021

    Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.

    Trading & Investment

    CSE Launches New OTC Platform for Corporate Debt Repo

    By Duruthu E Chandrasekera | 20/09/2021

    The new platform will enhance the repo trading mechanism and facilitate a buildup of liquidity in Sri Lanka’s corporate debt market.

    Payments & Settlements

    BSP Directs Payment Systems to Adopt PFMI Standards

    By Editors | 18/09/2021

    Designated payment systems are expected to demonstrate adequate governance and risk management arrangements in line with the PFMI.

    Trading & Investment

    Sri Lanka: CSE to Allow Fundraising in Foreign Currencies

    By Duruthu E Chandrasekera | 18/09/2021

    Sri Lankan companies will be allowed to raise debt and equity in foreign currency on the Colombo Stock Exchange. A new benchmark index is also being launched.

    Payments & Settlements

    ACCC Launches Formal Investigation into Apple Pay

    By Editors | 17/09/2021

    Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.

    Payments & Settlements

    India’s UPI to Extend QR Payments to 10 Asian Markets

    By Ranamita Chakraborty | 17/09/2021

    Users of NPCI’s BHIM mobile app will be able to make UPI QR-based payments at merchants progressively across north and southeast Asia from early 2022.

    Payments & Settlements

    RBI Opens Applications for Third Sandbox Cohort

    By Editors | 15/09/2021

    Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.

    Payments & Settlements

    Singapore, India to Enable Real-time Cross-border Payments

    By Sanday Chongo Kabange | 15/09/2021

    The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.

    Payments & Settlements

    ACCC Authorises Amalgamation of BPAY, eftpos, NPPA

    By Editors | 15/09/2021

    The ACCC said the merger will enable the three payment schemes to coordinate investment proposals, avoid duplicative spending, and likely result in public benefit.

    Payments & Settlements

    CLS, Global Banks Collaboration on PvP Settlement in FX Market

    By Editors | 14/09/2021

    Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.

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