Nigeria’s attempt to replicate the runaway success of Kenya’s mobile money ecosystem risks being tempered by competition rules forcing telcos to separate their communications operations from their...
On January 31, 2019, the Central Bank of Mauritius issued a notice on its official web page presenting the National Payment Systems Act 2018 (NPS Act, Act No. 17 of 2018). The main aim of the act...
On January 31, 2019, the Maldives Monetary Authority (MMA) published a request for information on instant payments for the Maldives Payment System Development (MPSD) Project. The MMA has initiated...
On February 13, 2018, the Monetary Authority of Singapore (MAS) launched a public consultation on proposed guidelines to protect users of electronic payments (e-payments), with a view to...
On July 24, 2018, the Payment Systems Regulator (PSR) announced that it would be conducting a review of the card-acquiring services supply market and launched a consultation on the draft terms of...
On January 29, 2019, the Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the United Arab Emirates released a joint statement announcing the launch of the “ABER” project, which...
India’s central bank has opened a debate on the state of competition within the payments infrastructure market, setting out arguments around greater participation in the country’s central...
Brazil’s central bank and financial regulator is set to crack open the country’s fund transfer infrastructure to wider competition, not least by letting non-banks gain direct access to a round-the...
A drive by Pakistan to corral its deep inflows of remittances into formal channels has led the country’s central bank to encourage the use of blockchain technology by private providers.
On January 10, 2019, Banco Central do Brasil, the country's central bank, announced 12 prototypes of financial innovations that will be presented in March 2019. The prototypes have been designed by...
On January 7, 2019, Bank Negara Malaysia (BNM) released a policy document entitled “Publishing open data using open API”, in which the BNM sets out its guidelines on the design and publication of...
Elavon has become the first non-bank acquirer to gain direct access to the UK’s Faster Payments System, making the US-owned payments firm the latest to benefit from the Bank of England’s vaunted...
Thanks to a barrage of regulatory reforms brought in over the past year, 2019 is poised to be a challenging year for European payments firms. Banks are under intense pressure to complete the...
Despite the diversity of the Asian, Pacific, African and Middle Eastern markets, in all four a clutch of similar trends emerged around regulatory innovation and taking advantage of emerging...
On December 17, 2018, Payments Canada published a consultation to seek feedback from stakeholders on the identified opportunities to broaden access to Canada’s retail batch payments system, the...
Canadian banking officials have floated a proposal to broaden access to the country's Automated Clearing Settlement System, a move that could give non-banks and other smaller players greater access...

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