Payments & Settlements

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

    Tokenisation

    Maybank Pilots On-Chain FX for MYR-SGD Cross-Border Payments

    By Manesh Samtani | 31/03/2026

    Maybank has used its permissioned blockchain for a near real-time tokenised deposit and FX transaction with a corporate client.

    Payments & Settlements

    India Pushes Banks, NPCI to Address UPI Transaction Failures

    By Manesh Samtani | 31/03/2026

    Regulators are concerned that rising transaction declines threaten user trust in the UPI, India's dominant real-time retail payments system.

    Data Privacy

    BIS Paper Outlines Open Finance Gains and Key Regulatory Hurdles

    By Manesh Samtani | 31/03/2026

    New paper details open finance's impact on competition, while highlighting crucial challenges for policymakers.

    Clearing & Post-Trade

    Hong Kong Sets 16 November Launch Date for Paperless Securities Regime

    By Sanday Chongo Kabange | 31/03/2026

    The new uncertificated securities market regime will introduce a paperless option for share ownership, aiming to boost efficiency and modernise the city's financial infrastructure.

    Stablecoins

    Ripple to Pilot Stablecoin in Singapore's Trade Finance Sandbox

    By Manesh Samtani | 30/03/2026

    The project, part of the MAS BLOOM initiative, will test programmable cross-border payments tied to on-chain shipment verification with Unloq.

    Payments & Settlements

    RBI Releases Payments Vision 2028, Proposes Shared Fraud Liability

    By Nithya Subramanian | 30/03/2026

    The RBI plans to make beneficiary banks partly liable for fraud, review cross-border rules, and potentially bring major digital platforms under direct oversight.

    Payments & Settlements

    New 2FA Framework for Digital Payments Set to Take Effect in India

    By Manesh Samtani | 30/03/2026

    The new rules, effective 1 April 2026, shift liability for fraud to financial institutions and move away from a sole reliance on OTPs.

    Clearing & Post-Trade

    MAS Details Plan to Become APAC Gold Trading Hub

    By Nithya Subramanian | 30/03/2026

    The plan focuses on new products, market infrastructure, and central bank services to capture growing investor demand for bullion.

    Clearing & Post-Trade

    Hong Kong Woos Central Banks for Gold Hub Initiative

    By Sanday Chongo Kabange | 29/03/2026

    The city is inviting Belt and Road nations to a new government-run clearing system in a bid to challenge London.

    Payments & Settlements

    Australia's A2A Payments Vision Nears Release, Roadmap Set for Year-End

    By Manesh Samtani | 27/03/2026

    Industry roundtable has confirmed a draft vision for public consultation in April and a full industry roadmap by end-2026.

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