On July 3, 2018, the Romanian Ministry of Public Finance launched a public consultation on a draft emergency ordinance on the issuance of electronic money (e-money). Pursuant to that, on July 4,...
German lawmakers are standing by plans to force Apple to open access to its payments infrastructure to other providers, despite fierce resistance from the Silicon Valley giant.
E-money firm Paydoo Payments believes the Lithuanian central bank may have departed from accepted practice in its drive to crack down on misbehaving companies, after it was fined for failings in...
Australian payment services and identity verification provider iSignthis has triggered a feud with the country’s stock exchange as suspension of its shares drags on.
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...
European finance ministers have voted in favour of new rules for payment service providers intended to help combat VAT fraud, despite vociferous opposition from the industry.
Malta’s financial regulator has indicated it will heighten scrutiny of the island’s payments and e-money sector as it pointed out widespread compliance failures among firms.
The Bank of Mexico has launched a new way to pay in Mexico called CoDi (Digital Collection in Spanish), which became fully operational on September 30, 2019. The platform is the result of joint...
Australia’s financial services regulator has put the brakes on Revolut’s expansion in the country, ordering the payment services provider to halt onboarding of new customers while its licence...
Top banking industry groups have backed lawmakers’ recommendation for the UK government to compel all payment service providers to reimburse innocent fraud victims.
The Financial Action Task Force (FATF), a global standards-setter for combating money laundering and terrorist financing, has turned its attention to the issue of digital identity, seeking feedback...
New standards on reimbursing innocent fraud victims should be legally mandated and first-time payments should only be executed after a day’s delay, UK lawmakers have said in a new report on...
Hungarian regulators have proposed initiatives aimed at boosting financial innovation in a market still dominated by cash, including speedier licensing, digital ID requirements and industry-wide...
The European Banking Authority (EBA) has called for new legislation after finding fintechs passporting across member states are held back by fragmented regulatory oversight, including rules on...
Australian payment services provider iSignthis has revealed that a quarter of its revenue in the first half of last year came from contracts-for-difference (CFD) brokers, which a regulator said...
The Bank of Lithuania has fined electronic money institution Mistertango €245,000 over repeated failures in its anti-money laundering (AML) and counter-terrorist financing (CTF) controls.

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