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Payment System Access
Brazil: Central Bank Publishes Resolution to Stimulate Competition in Payment Services
6th Apr 2018 | Written by:
On April 4, 2018 the National Monetary Council approved and published Resolution no. 4.649/18, proposed by the central bank, which prohibits commercial banks from restricting access to payment...
UK: Updated Code of Conduct for Indirect Access to Payments System
5th Apr 2018 | Written by:
On April 5, 2018, a revised and enhanced version of the voluntary Code of Conduct for Indirect Access Providers (IAPs) was released, in light of the revised Payment Services Directive (PSD2) coming...
Canada: Payments Canada Consults on Payment System Modernization
5th Apr 2018 | Written by:
On December 21, 2017 Payments Canada published a consultation on the modernization of the payment system in Canada, providing standards and rules that will benefit consumers and businesses in the...
UK: FCA Statement on Post-Brexit Transition and Financial Regulation
28th Mar 2018 | Written by:
On March 28, 2018, the Financial Conduct Authority (FCA) released a statement regarding the UK’s withdrawal from the EU and the upcoming transitional and implementation period leading up to 2020,...
UK: Payment Systems Regulator Issues 2018 Access and Governance Report
14th Mar 2018 | Written by:
On March 14, 2018, the Payment Systems Regulator (PSR) issued, for the third consecutive year, its access and governance report on payment systems 2018, which aims to update stakeholders on the...
Pakistan: State Bank Issues New PRISM Operating Rules
7th Mar 2018 | Written by:
On March 6, 2018, the State Bank of Pakistan (SBP) published new PRISM (Pakistan Real Time Interbank Settlement Mechanism) Operating Rules (PORs). These rules shall be applicable to all existing...
Canada: Report on the Benefits for Businesses of Payments Modernization
7th Feb 2018 | Written by:
On February 6, 2018, Payments Canada, which operates as the Canadian Payments Association, published a report on how a modernised payments infrastructure in Canada can benefit the country’s...
Kenya: Communications Authority Announces Mobile Financial Services Interoperability Network
29th Jan 2018 | Written by:
On January 22, 2018, the Communications Authority in Kenya announced an interoperability agreement between mobile network operators in the country, following its decision to reduce the costs of...
AFI Publishes Report on Monitoring and Evaluating the Impact of a Global Network on Financial Inclusion
8th Jan 2018 | Written by:
On January 8, 2018, the Alliance for Financial Inclusion (AFI) released a report, which was drafted in collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH,...
China: Central Bank Issues Barcode and QR Code Payment Rules
5th Jan 2018 | Written by:
On January 4, 2018, the People’s Bank of China (PBOC) published Interim Notice no. 296 on Issuing Provisions on Barcode and QR Code Payment Business Standards, supplemented with interim provisions...
UK: Government Issues Orders on Cheque & Credit, LINK and CHAPS
20th Dec 2017 | Written by:
On December 20, 2017 HM Treasury published orders on amending the designation of Cheque & Credit as a regulated payment system, recognising LINK as a payment system and revoking CHAPS'...
Israel: Central Bank Implements Electronic Check Clearing Law
28th Nov 2017 | Written by:
On November 27, 2017, the Bank of Israel published an announcement regarding the full implementation of the Electronic Check Clearing Law, as part of its cheque settlement reform....
Singapore: Monetary Authority Launches Consultation on Payment Services Bill
22nd Nov 2017 | Written by:
On November 21, 2017, the Monetary Authority of Singapore (MAS) launched a second public consultation on the proposed Payment Services Bill on the licensing and regulation of payment services,...
US: American Express Introduces Blockchain-Enabled Cross-Border Business-to-Business Payments
17th Nov 2017 | Written by:
On November 16, 2017, American Express FX International Payments teamed up with Santander to provide real-time payment processing. This endeavour is supported by Ripple, which offers enterprise...
India: PayPal Launches Domestic Operations
10th Nov 2017 | Written by:
On November 8, 2017, PayPal announced that it has launched its domestic payments platform in India as an attempt to expand its business in the country....
Mastercard Expands Blockchain Technology Access to Its Partner Banks and Merchants
24th Oct 2017 | Written by:
On October 20, 2017, Mastercard announced its decision to open up access to its blockchain technology via its application programming interface (API) to its partner banks and merchants. In this way...
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