The General Data Protection Regulation (Regulation 2016/679), also known as the GDPR, significantly increases the responsibilities and obligations for payments businesses in how they collect and...
On May 24, 2019, the Federal Ministry of Finance in Germany announced the launch of a consultation seeking feedback in relation to a draft law aiming to transpose the provisions of the 5th Anti...
On August 19, 2019, the National Bank of Greece published a form that credit institutions, payment institutions and e-money institutions wishing to be granted an exemption from the fallback...
The Bank of Mexico (Banxico) has published a consultation on the proposed implementation of the electronic payment scheme initiated by the beneficiary called Digital Collection (CoDi)....
On August 20, 2019, the Financial Supervisory Authority (Finanstilsynet) announced that it will grant an extension to the deadline of September 14, 2019 to payment service providers (PSPs) for the...
On August 17, 2019, Bank Indonesia launched a Quick Response (QR) Code standard for payments through server-based e-money applications, electronic wallets and mobile banking known as QR Code...
On August 15, 2019, the Europay, MasterCard, Visa global standard for chip-based debit and credit card transactions (EMVCo) published a draft specification bulletin that included a change to the...
The UK gambling regulator has said it is considering restricting or banning the use of e-wallets to pay for online betting, as it confirmed it would introduce curbs on gambling by credit card.
On August 13, 2019, the Reserve Bank of India (RBI) published the final enabling framework for the regulatory sandbox. The main objective of the regulatory sandbox is to enable market participants...
On August 9, 2019, Bank Negara Malaysia (BNM) issued an exposure draft titled “Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) – Money Services Business (Sector 3) (Supplementary...
The European Banking Authority's (EBA) single rulebook Q&A contains information on various regulations and directives to ensure consistent and effective application of the new regulatory...
On August 7, 2019, the Finnish Ministry of Justice published a consultation seeking responses on the experiences and challenges faced while applying the General Data Protection Regulation (GDPR) in...
On August 6, 2019, the Monetary Authority of Singapore (MAS) published a new set of operational rules for financial institutions to improve cybersecurity resilience in the city-state’s financial...
Lithuania’s central bank has suspended most activities of SatchelPay, an authorised e-money institution, saying it broke the law by only providing its annual financial accounts three months after...
On August 1, 2019, the Central Bank of Nigeria (CBN) published a set of guidelines in regard to transparency and disclosure and responsible business conduct, with the aim of enhancing the consumer...
On December 7, 2018, a group of State Duma MPs submitted a draft law on amendments to Law No. 161 FZ "On national payment systems", June 27, 2011, to establish new requirements for registering...

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