All posts tagged "Payment Systems"
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286MalaysiaBNM 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 -
279EuropeEBA 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 -
241Asia-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 -
500ChinaPBOC 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 -
162Asia-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 -
245Asia-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 -
431Big 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 -
222Asia-Pacific
BSP Designates RTGS System as Systemically Important
The BSP was granted authority to designate systemically important payment systems under the National Payment Systems Act, which was signed into law in 2018.
August 23, 2021 -
354FeatureBIS, MAS Set Out Blueprint for Cross-border Payments
BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.
July 29, 2021 -
215Fintech / RegtechMAS Partners with Mojaloop Foundation on Financial Inclusion
The partnership will bring together MAS’ policy development perspectives and Mojaloop’s digital payments capability to advance financial inclusion.
May 27, 2021
