All posts tagged "Payments"
-
310Australia & NZRBA Proposes Financial Penalties for Slow NPP Adoption
The RBA recommends the introduction of an enforceable sanctions regime and possible financial penalties for NPP participants that do not support core capabilities within a specific period of time.
June 14, 2019 -
753FeatureFSB: Decentralisation Could Benefit Financial Stability
While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.
June 8, 2019 -
374IndiaUPDATED – RBI Removes RTGS, NEFT Fund Transfer Fees
Industry players and banking experts say the move will not only boost digital payments, but also make transactions faster, safer and cost-effective.
June 7, 2019 -
297IndiaRBI Publishes Payment Systems Benchmarking Report
Further efforts are needed to reduce paper clearing and improve acceptance infrastructure (e.g. PoS devices) to enhance digital payments.
June 7, 2019 -
486FeatureProject Stella: DLT Can Improve Cross-Border Payment Security
The BOJ-ECB phase three study says DLT can improve security in cross-border payments by using payment methods that synchronise payments and lock funds along the payment chain.
June 6, 2019 -
830Asia-PacificIndonesia Unveils Payment System Roadmap, Launches QR Code System
Bank Indonesia’s roadmap for the payments system includes plans for open banking, real-time retail payments and a digital ID system.
May 29, 2019 -
304India
India to Quadruple Digital Transactions in Three Years – RBI
In its three year roadmap for India's payment and settlement systems, the RBI says it expects the number of digital transactions in the country to increase to 87 billion by December 2021.
May 17, 2019 -
431Enforcement
RBI Fines Multiple Payment Service Providers
The RBI has fined prepaid payment instrument issuers, two US money transfer firms and Yes Bank for non-compliance with regulatory guidelines.
May 6, 2019 -
502InternationalSWIFT Launches Payment Investigation, Resolution Capability
The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.
May 3, 2019 -
459FeatureSingapore, Canada Conclude First Trial on CDBC Cross-Border Payments
MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.
May 2, 2019
