Payments & Settlements

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

    Payments & Settlements

    FSB Warns G20 Payment Goals at Risk, Urges Jurisdictional Action

    By Manesh Samtani | 10/10/2025

    The FSB says policy work is complete but has not yet delivered cheaper, faster payments, with 2027 targets unlikely to be met.

    Payments & Settlements

    India Mandates Biometric UPI Payments, Shifts Liability to Banks

    By Mark Johnston | 10/10/2025

    Regulators have approved new biometric authentication methods for India’s UPI payments system, making banks fully liable for any safeguard failures.

    Stablecoins

    Australia Unveils Draft Payments Law to Regulate Stablecoins, Digital Wallets

    By Sanday Chongo Kabange | 10/10/2025

    The new framework will bring a wide range of payment service providers under a core licensing regime, levelling the rules for banks and tech firms.

    Payments & Settlements

    RBI Links FX-Retail platform with Bharat Connect to Widen Access

    By Nithya Subramanian | 09/10/2025

    The pilot linkage is expected to expand retail access to the FX market, enabling customers of five banks to buy US dollars directly through digital channels and third-party apps.

    Emerging Prudential Risks

    IMF Calls for EM Policy Reform to Bolster FX and Debt Market Resilience

    By Mark Johnston | 09/10/2025

    Emerging economies must strengthen surveillance, close data gaps and boost operational resilience to withstand future shocks, the IMF has warned.

    CBDCs

    Hong Kong Explores Enhancements for e-CNY Wallet

    By Manesh Samtani | 09/10/2025

    Hong Kong authorities are discussing higher transaction limits and new use cases for the digital yuan pilot but have no firm timeline.

    Payments & Settlements

    India Launches Foreign Currency Settlement System at GIFT IFSC

    By Nithya Subramanian | 08/10/2025

    The new system allows IFSC Banking Units to locally settle USD transactions, cutting reliance on overseas banks and strengthening the hub’s global status.

    Clearing & Post-Trade

    Indonesian Regulators Partner to Deepen Repo Market

    By Nithya Subramanian | 08/10/2025

    BI, OJK, and KPEI launched a tri-party repo system and expanded GMRA adoption to modernise the market, enhancing transparency, liquidity, and financial stability.

    Payments & Settlements

    BNM Launches RENTAS+ to Enable 24/7 Interbank Settlement

    By Nithya Subramanian | 08/10/2025

    The modernised real-time settlement system, enables continuous interbank fund transfers and reduces risks from the rapid growth of instant payments.

    PEPs & Sanctions

    China Using Covert State-Backed Channel to Fund Iran Oil Purchases - Report

    By Mark Johnston | 07/10/2025

    A hidden financial conduit involving state insurer Sinosure is funnelling billions in oil payments to Iran, according to reports.

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