Payments & Settlements

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

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    CBDCs

    Bank of Korea Will Conduct CBDC Pilot from April to June

    By Thisanka Siripala | 20/03/2025

    The pilot will be conducted in collaboration with seven banks, allowing them to issue deposit tokens that can be used for transactions at designated merchants.

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    Payments & Settlements

    China Rolls Out 30-Point Action Plan to Boost Domestic Consumption

    By Mark Johnston | 19/03/2025

    The plan includes measures to expand channels for personal investment and encourages FIs to increase the issuance of personal consumption loans.

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    Tokenisation

    Nomura Issues Japan’s First Digital Bonds Using DVP Settlement

    By Thisanka Siripala | 19/03/2025

    Nomura also revealed that DCJPY was used in place of fiat currency in a PoC to test digital currency settlement for digital bonds.

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    Payments & Settlements

    Cambodia, Thailand Partner With UnionPay on Cross-Border Payments

    By Mark Johnston | 18/03/2025

    Users of Cambodia’s Bakong app can make cross-border payments by scanning UnionPay and WeChat Pay QR codes.

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    Payments & Settlements

    IDX Introduces Repo Transactions on Debt Trading Platform

    By Nithya Subramanian | 18/03/2025

    The new feature allows financial institutions to conduct repo transactions using government bonds as underlying assets.

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    Payments & Settlements

    Australia to Guarantee ANZ Operations in Pacific Islands

    By Thisanka Siripala | 18/03/2025

    ANZ will invest an additional AUD 50 million to help address a decline in the number of foreign banks willing to serve the region.

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    Payments & Settlements

    Indonesia Launches QRIS Tap for Faster, Contactless Payments

    By Nithya Subramanian | 18/03/2025

    The central bank initiative aims to boost financial inclusion and accelerate digital payment adoption across Indonesia.

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    Cybersecurity

    FSS Korea Meets with FinTech CEOs to Outline Supervisory Plans

    By Thisanka Siripala | 18/03/2025

    The meeting included executives from major fintech firms such as Kakao Pay, Toss Payments, Coupang Pay, and Naver Financial.

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    Fraud, Scams & Cybercrime

    Japan Moves to Tighten Regulations on Online Casinos

    By Thisanka Siripala | 17/03/2025

    Japan is considering measures to restrict payments to online casinos as well as advertisements promoting their services.

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    Payments & Settlements

    China Further Expands Cross-border FX Pilot for Multinational Firms

    By Mark Johnston | 17/03/2025

    The programme, which started in 2021 and it currently being piloted in 10 localities, will be expanded to include 16 additional localities.

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