Payments & Settlements

Payments & Settlements

UnionPay Extends Reach into Hong Kong, Macau, Europe

By Manesh Samtani | 17/09/2018

UnionPay launches mobile payments in Hong Kong and Macau, among other tie-ups in Singapore, France and the UK.

Data Privacy

ACCC Consults on Open Banking Data Rights Rules

By Editors | 13/09/2018

Consumer data rights framework to be initially applied under the open banking regime, with the big four banks set to make data available by 1 July 2019.

Data Privacy

Apple Shelves India Payments Expansion, Google to Move Ahead

By Manesh Samtani | 11/09/2018

Apple shares concerns over data localisation with Mastercard, Visa, Amazon, WhatsApp and PayPal, but Google will be ready to comply by December.

Payments & Settlements

Thailand, Clearstream to Link Funds Platforms by Early 2019

By Manesh Samtani | 10/09/2018

The link will give international investors access to Thai funds and in due course provide Thai investors access to international funds markets.

Trading & Investment

China Committed to Further Opening Up Bond Market – PBOC

By Garima Chitkara | 06/09/2018

PBOC deputy governor Pan Gongsheng said a number of reforms are in the pipeline to attract more foreign investors into to China’s bond market.

Payments & Settlements

India Launches Payments Bank Using Postal Network

By Editors | 04/09/2018

On 1 September, India’s postal services launched a payments bank to offer basic banking and remittance services, starting from 650 post offices with an aim to expanding to its network of 155,000 post offices by 31 December.

Payments & Settlements

Xiaomi Seeks Entry to India Payments Market

By Editors | 30/08/2018

The Chinese smartphone maker is conducting tests for its upcoming payments service in India, which is set to be powered by the UPI, if approval is granted by the RBI.

Payments & Settlements

Philippines Passes Bill Appointing Central Bank As Payments Regulator

By Garima Chitkara | 30/08/2018

BSP appointed as payments regulator in the Philippines to ensure safe and efficient functioning of the country’s payments system, promote interoperability among payment networks and incorporate digital payments.

Payments & Settlements

HK-China Bond Connect Enables DvP Settlement

By Editors | 27/08/2018

A key demand from international investors, a real-time delivery-versus-payment settlement system has now been implemented on the Bond Connect.