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Brazil: Central Bank Communication to Promote Financial Education
13th Sep 2019 | Written by:
On September 12, 2019, the Central Bank of Brazil issued a press release on principles it would like to see taken into account by authorised financial institutions for the promotion of financial...
In Depth: UK Cash Machine Operators Call For Interchange Fee U-Turn
10th Sep 2019 | Written by:
Cash machine operators in the UK have argued that ATM interchange fees should be set through an independent cost study, after regulators launched discussions of whether the funding model should be...
UK: PSR Seeks Feedback on Review of Structure of LINK Interchange Fees
9th Sep 2019 | Written by:
On June 6, 2019, the Payment Systems Regulator (PSR) released a consultation paper titled “Considering the incentives to deploy free-to-use ATMs in the LINK network — Review of the structure of...
India: Ministry of Finance Recommends A Series of Regulatory Developments for Fintech
6th Sep 2019 | Written by:
On September 2, 2019, the Ministry of Finance published a report by the steering committee on fintech-related issues. ...
South Africa Payments Sector Looks To South-East Asia For Inspiration
3rd Sep 2019 | Written by:
South Africa is looking to South-East Asia as inspiration for the next phase of its payments development, drawing lessons from hands-on intervention by the region’s national authorities.
Regulator Backs ATM Interchange Strategy As Action Urged
30th Aug 2019 | Written by:
Scottish officials are calling on the UK’s Payment Systems Regulator to block further cuts to interchange fees on cash withdrawals, but the authority says it is already taking the necessary action.
Vietnamese State Bank, Australian Department of Foreign Affairs and Trade and Asian Development Bank Sign Agreement on Development of Financial Sector and Financial Inclusion
27th Aug 2019 | Written by:
On August 23, 2019, the State Bank of Vietnam (SBV), the Australian Department of Foreign Affairs and Trade (DFAT) and the Asian Development Bank (ADB) signed a memorandum of understanding (MoU) on...
Australia: Treasury Releases Financial Services Royal Commission Implementation Roadmap
19th Aug 2019 | Written by:
On August 19, 2019, the Australian Treasury released its Financial Services Royal Commission Implementation Roadmap, which is part of its commitment to take action on all 76 recommendations...
Indonesia: Central Bank Announces Launch of Quick Response Code Standard
19th Aug 2019 | Written by:
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...
Romania: Financial Supervisory Authority Launches Fintech Hub Project
14th Aug 2019 | Written by:
On August 14, 2019, the Romanian Financial Supervisory Authority (ASF) announced the launch of the FinTech Hub project, which is designed to create an institutional framework for improving the...
India: Reserve Bank Publishes Final Enabling Framework for Regulatory Sandbox
13th Aug 2019 | Written by:
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...
UK: Government Consults on Smart Data Review Proposals
6th Aug 2019 | Written by:
On June 11, 2019, the Department for Business, Energy & Industrial Strategy released a consultation paper setting out its proposals derived from the smart data review carried out to examine how...
UK: PSR Calls for Views on Research into Cash Access, Use and Acceptance
25th Jul 2019 | Written by:
On July 24, 2019, the Payment Systems Regulator (PSR) released a consultation paper seeking views in relation to its research into cash access, its use by consumers and acceptance by small...
UK: Financial Conduct Authority Consults on Draft Guidance for Fair Treatment of Vulnerable Consumers
23rd Jul 2019 | Written by:
On July 23, 2019, the Financial Conduct Authority (FCA) released a draft guidance paper on the fair treatment of vulnerable customers, aiming to provide clarity on its expectations regarding the...
G7 Tells Facebook To Resolve 'Critical Issues' Before Libra Launch
19th Jul 2019 | Written by:
A report compiled for finance ministers of the world’s largest economies has taken a strict line on Facebook’s mooted Libra payment system, warning that “significant work” will be needed before any...
Libra Told To Act Responsibly As it Takes On Remittances
8th Jul 2019 | Written by:
Facebook’s Libra has the potential to shake up a global remittances market long in need of reform, experts believe, but much will hinge on the opinions of a diverse array of regulators in...
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