Payments & Settlements

Payments & Settlements

Bangladesh Bank Payment System Roll Out Looms

By Nithya Subramanian | 14/10/2025

The new system will link bank accounts, mobile wallets, and PSPs, allowing real-time fund transfers nationwide through the national payment switch.

Payments & Settlements

China and Macao Central Banks Sign Pact to Link Payment Systems

By Sanday Chongo Kabange | 14/10/2025

The agreement establishes a cooperation framework to improve cross-border payment efficiency and facilitate new fund transfer channels for financial institutions.

Payments & Settlements

RBI Allows Exporters to Hold Foreign Currency Accounts in IFSCs

By Nithya Subramanian | 14/10/2025

The amendment also clarifies timelines for repatriation of export proceeds and formally brings IFSCs under the FEMA framework.

Payments & Settlements

NPCI, Razorpay, OpenAI Team Up to Pilot ‘Agentic Payments’

By Nithya Subramanian | 14/10/2025

In this initiative, AI and UPI converge in a bid to make digital payments more intuitive and inclusive, enabling secure, user-authorised transactions powered by intelligent assistants.

Payments & Settlements

RBI Launches Digital Payment Innovations, Integrating AI and IoT with UPI

By Nithya Subramanian | 14/10/2025

New platforms include AI-powered customer support, frameworks for IoT and wearable payments, multi-signatory approvals for businesses, and a new system for managing credit lines directly on the UPI network.

Structural Regulation

Malaysia to Mandate New Islamic Benchmark Rate from July 2027

By Editors | 14/10/2025

BNM will replace the KLIRR with the MYOR-i, the world's first transaction-based Islamic rate, in a major structural reform.

Payments & Settlements

RBNZ Completes ISO 20022 Upgrade of RTGS System

By Sanday Chongo Kabange | 13/10/2025

The four-year RBNZ project, delivered with European paytech Nexi, brings the country’s high-value settlement system into compliance with global messaging standards.

Structural Regulation

China Further Tightens Export Controls, Announces Port Fees for US Ships

By Manesh Samtani | 13/10/2025

China announces retaliatory port fees and broadens its export controls regime as trade frictions with the US escalate.

AI Risk & Governance

India, UK Launch Fintech Corridor Linking GIFT City and London

By Nithya Subramanian | 13/10/2025

The collaboration is expected to boost cross-border innovation, deepen capital market ties, and promote collaboration in fintech, AI, and digital public infrastructure.