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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    Payments & Settlements

    Bank Indonesia Launches Three New BI-FAST Services

    By Editors | 01/01/2025

    The new services enable real-time bulk transfers, requests for payment functionality, and direct debit transfers for routine payments.

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    Payments & Settlements

    BIS Paper Encourages Wider Global Adoption of FPS

    By Manesh Samtani | 26/12/2024

    The paper examines how FPS have revolutionised payments, drawing lessons from Brazil’s Pix, Costa Rica’s SINPE Móvil, and India’s UPI.

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    Payments & Settlements

    Hong Kong and UAE to Connect Debt Capital Markets

    By Editors | 24/12/2024

    HKMA and CBUAE aim to “allow seamless and cost-effective cross-border debt securities issuance, trading, investment, settlement as well as collateral management.”

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    Payments & Settlements

    UnionPay, WeChat Pay Collaborate to Make Payments Easier for Foreigners

    By Editors | 23/12/2024

    Travellers using any of eight overseas e-wallets including HSBC’s PayMe and Naver Pay can now make payments on the mainland by scanning WeChat QR codes.

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    Clearing & Post-Trade

    ASX Recovers from Worst Market Disruption in Four Years

    By Editors | 23/12/2024

    No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.

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    Payments & Settlements

    Australia Proposes to Mandate Cash Acceptance for Essential Items

    By Editors | 22/12/2024

    Australia’s Treasury proposes to require certain types of businesses to accept cash, with potential limits on the mandate such as transaction caps or time limits.

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    Payments & Settlements

    New Zealand Proposes Caps on Visa and Mastercard Interchange Fees

    By Editors | 21/12/2024

    The Commerce Commission proposed a draft decision which, if implemented, would reduce the fees charged to businesses to receive Visa and Mastercard payments.

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    Payments & Settlements

    China Expands Cross-border FX Pilot for Multinational Companies

    By Editors | 21/12/2024

    The pilot programme launched in March 2021 is being extended to more provinces and the policies are being further streamlined.

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    Payments & Settlements

    Indonesia Launches NFC-based QRIS Tap Payments Trial

    By Editors | 20/12/2024

    The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025

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    Sustainable Finance

    HKEX Welcomes Large Carbon Credit Transaction by Cathay Pacific

    By Sanday Chongo Kabange | 20/12/2024

    Christopher Hui said the transaction sets a benchmark example for more transactions on HKEX’s Core Climate platform to follow.

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