Payments & Settlements

Payments & Settlements

India Mandates New Digital Banking Standards for GIFT City Units

By Editors | 30/12/2025

The IFSCA has set a June 2026 deadline for existing banking units to upgrade their internet banking platforms or face restrictions.

KYC & CDD

Thailand Tightens Scrutiny on Inbound Foreign Currency Transactions

By Mark Johnston | 29/12/2025

The central bank is increasing documentation requirements for resident transactions over USD 200,000 to curb baht appreciation.

Payments & Settlements

China Expands Cash Pool Programme for MNCs Nationwide

By Sanday Chongo Kabange | 29/12/2025

The nationwide policy unifies renminbi and foreign currency pools and links foreign debt and overseas lending quotas to a company's net assets.

Structural Regulation

China Sets New Rules for Overseas Listing Proceeds, Mandating Repatriation

By Sanday Chongo Kabange | 29/12/2025

The new rules, effective April 2026, require funds raised offshore to be repatriated in principle, with specific account and approval requirements.

Payments & Settlements

Philippines Mandates ISO 20022 for All Retail Payment Systems

By Sanday Chongo Kabange | 29/12/2025

The new rules give financial institutions two years to fully adopt the global messaging standard for domestic and cross-border payments.

Fraud, Scams & Cybercrime

Indonesia Tightens Bank Cyber Rules After BI-FAST Fraud

By Sanday Chongo Kabange | 29/12/2025

Indonesia's financial regulators are inspecting banks and demanding stronger controls after organised criminals exploited internal weaknesses to steal an estimated IDR 200 billion.

Payments & Settlements

Korea Exchange to Extend Kill Switch Mechanism to Bond Market

By Mark Johnston | 29/12/2025

The exchange will gain authority to cancel problematic orders and suspend trading from February following similar measures for equities.

Custody & Infrastructure

Thai Regulators Launch Coordinated Sandbox for Capital Market Innovations

By Sanday Chongo Kabange | 29/12/2025

The BOT and SEC will jointly oversee testing for new services combining programmable payments with capital markets.

Payments & Settlements

TSE to Launch OTC Carbon Credit Settlement Service in March 2026

By Editors | 29/12/2025

The new service will streamline settlement for specific J-Credits, initially targeting forestry projects, to boost trading convenience and support decarbonisation.