The global march of China’s digital payments leviathans has hit a snag in Nepal, where the central bank has banned the use of Alipay and WeChat Pay.
On May 22, 2019, the Payment Systems Regulator (PSR) released a consultation paper setting out its proposals on its approach to the merchant survey, as part of its initiative to conduct a market...
A firm in Lithuania has become the first to be fined by the fintech hub for reaping too much customer data while carrying out payment initiation, highlighting the risk of collision between data...
Amid continued efforts to combat money laundering in the United States, officials are keeping their crosshairs on the use of shell companies to facilitate financial crimes and urging stricter...
On May 21, 2019, the Ministry of Finance issued a public consultation on amendments to the Payment Systems Act in light of the adoption of Regulation (EU) 2019/518 on cross-border payments (the...
Authorities in Europe appear to be inching closer to a compromise on incoming strong authentication rules, following sustained warnings the reforms cannot be met in time for September’s deadline.
Australian acquiring banks have been put on notice by the country’s central bank over least-cost transaction routing as payment methods evolve, insisting that progress must not be stalled.
As faster payments take hold in Canada the onus is on financial firms to ensure customers are educated on potential risks, industry experts have said, amid concerns regulatory complexity means...
When trendy U.S. salad chain Sweetgreen moved to stop accepting cash payments in December 2016, it extolled the decision as “a win for the customer, company and community.”
Banks have been told to improve their handling of fraud after a steep rise in complaints, with authorised push payment scams singled out as a major cause of consumer dissatisfaction in the UK.
On May 14, 2019, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) published amended guidance for the regulation of crypto-asset activities. Following the...
U.S. senators have attempted to penetrate the secrecy surrounding Facebook’s global payments plans, demanding the digital behemoth spell out how the cryptocurrency-based project will work.
The Norwegian government has strengthened and clarified its gambling payment blocking regulations in an attempt to reinforce its gambling monopoly model and protect vulnerable players.
The UK’s competition regulator is investigating the proposed $22bn (£16.9bn) mega-merger between US financial services giant Fiserv and First Data, it announced on Monday. 
On May 13, 2019, SWIFT published its findings on how financial institutions in India can improve monitoring anomalous transactions and listed key developments in the Customer Security Programme ...
UK lawmakers have thrown their weight behind the drive for banks and retailers to work together to enable customers to self-exclude from purchases such as alcohol and gambling, but do not support...

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