Payments & Settlements

Payments & Settlements

Indian Banks Urged to Accelerate ISO 20022 Migration Efforts to Avoid Disruption

By Mark Johnston | 23/07/2025

The IBA has warned bank CEOs of serious operational risks if migration to the SWIFT ISO 20022 messaging standard is further delayed.

Payments & Settlements

Vietnam Officially Recognises E-Wallets as Standalone Payment Method

By Nithya Subramanian | 23/07/2025

Effective 1 July, e-wallets have been officially recognised as a valid form of payment, on par with bank accounts, cards, and cash.

Structural Regulation

PBOC Proposes New Draft Rules for Interbank Brokerage Market

By Manesh Samtani | 22/07/2025

The draft rules mandate strict risk controls, list thirteen prohibited acts, and aim to formalise securities firms' advisory activities.

Payments & Settlements

Proposed Bill Seeks to Force New Zealand Businesses to Accept Cash

By Sanday Chongo Kabange | 22/07/2025

A new members' bill proposes to force most businesses to accept cash for transactions up to NZD 500, prompting debate from industry groups.

Payments & Settlements

Australia Proposes Regulatory Framework for Cash Distribution System

By Sanday Chongo Kabange | 21/07/2025

Australian regulators would gain new powers to oversee pricing, manage crises, and ensure service continuity in the cash-in-transit sector.

Structural Regulation

China Rolls Out 12-Point Plan to Boost Foreign Investor Reinvestment

By Editors | 21/07/2025

Seven top government bodies have unveiled a sweeping plan to simplify FX transfers, ease financing, and offer tax support to encourage reinvestment.

Stablecoins

Koscom to Test Stablecoin Settlement for Security Tokens

By Editors | 19/07/2025

The KRX subsidiary will run a proof-of-concept to prepare capital market infrastructure for digital currency-based atomic settlement.

Cloud & Infrastructure

Fiji Launches Fintech Hub with EU, Australia, NZ Support

By Editors | 18/07/2025

The Reserve Bank of Fiji is leading the initiative, which aims to accelerate fintech development and directly support the nation's financial inclusion strategy.

Payments & Settlements

India Extends Support for Singapore Payments Link to More Banks

By Nithya Subramanian | 18/07/2025

The cross-border payment linkage between Singapore and India will now support 19 Indian banks, enhancing real-time remittance access for users in both countries.