On October 18, 2018, SWIFT, a global provider of secure financial messaging services, released a white paper called “Towards frictionless cross-border payments”, which was drafted in collaboration...
On October 17, 2018, the New Payments Platform (NPP) Australia announced the launch of a sandbox for testing application programme interfaces (APIs), which was created with global financial...
A U.S. Treasury official has said legal reforms aimed at helping money transfer firms affected by de-risking are highly unlikely, despite legislative efforts in Europe to tackle the issue.
On October 16, 2018, the Reserve Bank of India (RBI) issued a guidance paper on interoperability targeted at all prepaid payment instrument (PPI) issuers, system providers and system participants,...
The UK's Financial Conduct Authority is lacking data on whether it needs to do more to help payment providers still struggling to obtain or maintain access to a bank account, a senior official has...
On October 8, 2018, the State Bank of Pakistan (SBP) launched a consultation seeking public feedback on its draft regulations for e-money institutions (EMIs), with the aim of facilitating the entry...
On October 3, 2018, the Federal Reserve launched a public consultation aimed at obtaining feedback on potential actions to be implemented to facilitate real-time interbank settlement of faster...
Australian regulators have launched a wide-ranging inquiry into currency exchange practices within the banking, cards and remittance sectors, in response to concerns over transparency, pricing and...
Fintechs have welcomed Singapore’s plans to tear down barriers to payment system access for non-banks, but experts caution that the scheme needs to be supported by a robust rulebook.
An official from the Bank of England has promised to streamline the onboarding process for non-bank payment firms directly joining the UK’s interbank fund transfer infrastructure.
A European Central Bank (ECB) official has suggested that non-bank payment providers may be granted direct access to EU-level fund transfer infrastructure, after “positive experiences” in a handful...
On September 25, 2018, the Payment Systems Regulator (PSR) launched a public consultation on a proposed specific direction, called “Specific Direction: Protected ATMs 2018: LINK”. The direction...
On September 18, 2018, the Administrative Council for Economic Defence (CADE), which operates within the Ministry of Justice, issued a technical note in relation to a complaint filed by the...
On September 17, 2018, the National Automated Clearing House Association (NACHA) announced the approval by its voting membership of three new rules to extend the capabilities of the Same Day...
Singapore’s regulator has handed a significant boost to its fintech sector, announcing that non-banks will be granted access to its real-time central payments infrastructure.
On September 14, 2018, the Fintech Facilitation Office of the Hong Kong Monetary Authority (HKMA) published the Implementation Guideline on Common QR Code for Retail Payments, which is applicable...

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