All posts tagged "Payment Systems"
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389EnforcementRBI Releases Mastercard from Restrictions Imposed Last Year
Mastercard was barred from onboarding new domestic customers in July last year due to noncompliance with India's data storage rules.
June 21, 2022 -
434Market InfrastructureBSP Designates Two More Systemically Important Payment Systems
The Philippine Domestic Dollar Transfer System and the PHP-USD Payment versus Payment System have been designated systemically important.
March 14, 2022 -
1.0KCrypto / Digital AssetsBOT Sets Out Plans for ‘New Financial Landscape’
The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.
February 7, 2022 -
420MalaysiaBNM Proposes New Rules For Payment System Operators
BNM proposes governance, risk management and operational requirements to ensure safety, efficiency, reliability and confidence in payment systems.
December 17, 2021 -
368EuropeEBA Clearing, SWIFT, TCH Collaborate on Cross-Border Payments
A 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 -
335Asia-PacificBSP Issues Governance Policy for Operators of Payment Systems
Payment system operators including banks and electronic money issuers have six months to comply with the requirements.
September 22, 2021 -
678ChinaPBOC Targets February 2022 Launch of Digital Yuan
The e-CNY has built-in functionality to enable self-executing payments via smart contracts. The PBOC aims to fully launch the CBDC by the 2022 Winter Olympics.
September 20, 2021 -
214Asia-Pacific
BSP Directs Payment Systems to Adopt PFMI Standards
Designated payment systems are expected to demonstrate adequate governance and risk management arrangements in line with the PFMI.
September 18, 2021 -
302Asia-PacificPhilippine Lawmaker Introduces Bill to Tackle Rising Cybercrime
The bill requires banks and non-bank FIs to "exhaust all means to ensure that victims are able to recover their monetary loss, if any".
September 17, 2021 -
487Big PictureIMF Spotlights Legal Challenges of Fintech for Central Banks
A new IMF paper discusses the impacts fintech will have on currency issuance, monetary policy implementation, and payment system soundness, among other functions of a central bank.
August 31, 2021
