On June 4, 2019, the Reserve Bank of India (RBI) published a report on the payment systems and payment instruments present in India in comparison with other countries such as Australia, Brazil,...
The Dutch central bank and payments regulator has said authorities are already assessing the risk posed by technology giants from the United States and China, particularly as open banking beds in...
Lithuania is hoping improvements to safeguarding options for e-money and payment institutions will boost customer confidence in the sector and make them more competitive against banks.
On June 4, 2019, the Danish Financial Supervisory Authority (Finanstilsynet) published the opinion of the Payments Council on the new rules related to electronic payments and strong customer...
On June 4, 2019, the Bank of Lithuania launched a public consultation seeking feedback on increasing the protection of customer funds held by payment and electronic money institutions (PIs/EMIs)...
On February 19, 2019, the Financial Market Authority (FMA) launched a consultation seeking feedback on a draft circular in regard to the reporting obligation of supervised entities for the...
Estonia is pressing ahead with efforts to quell an influx of applications for its laissez-faire regime for licensing cryptocurrency exchange and wallet operators, as the Baltic state’s finance...
On June 3, 2019, the New Payments Platforms (NPP) Australia released a QR Code Standard for the NPP, which is addressed to payment providers and facilitators and provides details on required...
On May 25, 2017, the government of Cyprus launched a consultation on a discussion paper, accompanied with a statement on its approach to areas of national discretion and a draft law which seeks to...
On May 31, 2019, the Financial Supervisory Authority (Finanstilsynet) published Circular 8/2019 titled “Advisory Guidelines to the Money Laundering Act” (Veileder til hvitvaskingsloven), which aims...
Raphaels Bank has been fined £1.9m for failures in its oversight of a prepaid card management programme, resulting in an IT failure leaving thousands of customers unable to pay bills, make card...
The Payment Systems Regulator (PSR) has launched a public consultation, aimed at collecting feedback from payment service providers and card payments processors, including card-issuing banks, e...
Estonia’s financial regulator has revoked the operating licence held by payment institution GFC Good Finance Company, following a string of breaches of financial crime and payment services laws.
On May 28, 2019, Fintech Finland launched a consultation on the Financial Supervisory Authority's draft Regulations and Guidelines for Virtual Currency Providers (4/2019)....
The UK's sanctions watchdog has hit prepaid card provider Travelex with enforcement action over a £204 transaction, as authorities continue to focus on tackling easily investigated cases.
On October 10, 2018, the Financial Conduct Authority (FCA) published a consultation paper on the temporary permissions regime (TPR) for inbound firms and funds. The consultation sets out how the...

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