Payments & Settlements

CBDCs

Federal Reserve Explores Feasibility of US Dollar CBDC

By Editors | 11/02/2020

The Fed is exploring policy and design issues, legal considerations, and financial stability and resilience implications, governor Lael Brainard says.

Payments & Settlements

DBS Completes First Fully Digital Trade Financing Settlement on NTP

By Editors | 10/02/2020

DBS was able to cut the trade financing processing time from about a week to under one working day, yielding greater operational efficiencies for trade partners.

Payments & Settlements

RBA Considers Mandating ‘Least Cost Routing’ – Reports

By Editors | 07/02/2020

Forcing banks to route payments through EFTPOS rather than Visa or Mastercard could save retailers an estimated A$500mn a year.

Trading & Investment

BSE, NSE Launch New Trading Platforms for Debt Securities

By Editors | 04/02/2020

BSE India launched its new RFQ Platform on Monday and NSE on Tuesday. The platforms offer greater transparency and access to debt securities for eligible investors.

Payments & Settlements

Philippines, Indonesia Sign MOU on Payments, Digital Innovation

By Editors | 04/02/2020

The MOU aims to provide a framework for closer cooperation between the Philippine and Indonesian central banks to achieve enhance their payment systems and promote digital financial innovation.

CBDCs

Cambodia to Launch CBDC-based Payment System

By Editors | 03/02/2020

The new payment system expected to launch in the coming months has the support of 11 banks so far, and will operate using a quasi-CBDC known as ‘Bakong’.

Payments & Settlements

Lao Central Bank Launches QR Code Payment Standard

By Editors | 31/01/2020

The QR code payment standard will minimise the use of cash, drive Laos towards a digital economy,  and boost socio-economic development.

Liquidity Risk

Chinese Regulators Announce Coronavirus Support Measures

By Manesh Samtani | 30/01/2020

PBOC has extended the Lunar New Year closure of financial markets until 3 February and vowed to inject liquidity into the markets when they reopen.

Payments & Settlements

Singapore’s Payment Services Act Comes Into Force

By Manesh Samtani | 28/01/2020

The PS Act gives MAS formal supervisory powers over technology, cybersecurity and AML/CFT controls at payment services firms, including cryptocurrency and e-wallet companies.