The next phase of work focuses on payment system interoperability, legal and regulatory frameworks, and cross-border data exchange.
February 27, 2023Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.
December 29, 2022The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.
December 17, 2022Bitcoin and stablecoins are "unlikely" to be the "holy grail" of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.
August 5, 2022The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
July 20, 2022Mastercard was barred from onboarding new domestic customers in July last year due to noncompliance with India's data storage rules.
June 21, 2022The Philippine Domestic Dollar Transfer System and the PHP-USD Payment versus Payment System have been designated systemically important.
March 14, 2022The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.
February 7, 2022BNM proposes governance, risk management and operational requirements to ensure safety, efficiency, reliability and confidence in payment systems.
December 17, 2021A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.
October 13, 2021