Payments
Levelling the playing field for stablecoins
Regulatory asymmetries are a barrier to innovation in digital payments
ECB invites entrants for wholesale ‘digital euro’ trial
CBDC work in 2024 will test Banque de France, Bank of Italy and Bundesbank DLT solutions
RBA plans to review retail payments regulation
Governor Michele Bullock outlines plans to modernise Australia’s payments system
Indonesia and South Korea to launch cross-border settlement
Bank Indonesia has been a leader in boosting the use of local currency for cross-border trade
Brazil’s Pix reaches new record 163 million transactions in a day
Central bank launched instant payment system three years ago
Mir card system to operate across Cuba
Russian payments network continues gradual progress in Latin America
Central banks of Korea and Italy boost co-operation on payment systems
Bank of Korea and Bank of Italy to exchange knowledge on RTGS and CBDC
Argentine central bank delays payments regulation
Online payments firm had complained rule was anti-competitive
Singapore, Malaysia and Indonesia launch cross-border payment links
Indonesia and Singapore say they intend to set up local currency settlement framework in 2024
Chinese regulators grant Mastercard bank card licence
PBoC gives US firm approval to issue yuan-denominated cards after Xi-Biden meeting
US cash usage may have hit its floor, says Boston Fed
Consumers prefer credit cards, the top payment method in 2022, for online payments
CFPB proposes supervising large non-bank payment firms
Regulator says this is a part of a larger programme to monitor big tech
All Cuban businesses must offer electronic payments, says ministry
New rule is part of government’s response to ‘critical’ shortage of cash
Hong Kong and Thailand to set up cross-border payments link
New QR code payment link is the latest addition to similar initiatives in the region
MAS tests upgraded unified QR code system
New code could allow merchants to accept different QR payment methods more easily
‘Digital pound’ needed as cash successor, says BoE’s Cunliffe
Departing deputy governor says CBDC could be necessary by decade’s end
Fed proposes lowering permitted debit card fees
Proposal draws ire from Michelle Bowman and banking trade associations
Swedish parliament urged to reinforce legal status of cash
“More consumers and businesses need access to payment accounts,” says Riksbank governor
Egypt restricts foreign currency credit card payments
The move comes after the central bank restricted debit card use abroad
Somalia’s Abdullahi on the challenges of re-integration with the international system
The Central Bank of Somalia governor speaks about capacity building, reintroducing the shilling, securing donor support and climate change
New payments rule incites controversy in Argentina
Retailer and former central bank officials allege regulation shields banks from competition
Retail CBDCs can promote payment competition, report finds
BIS, HKMA and Bank of Israel say project found using different service providers need not harm security
Myanmar official says Mir payments will launch in October
Central bank leader had predicted the Russian card would start circulating last year
Barr says Fed will not issue CBDC without legislation
Supervision chief warns of danger of unregulated issuance of stablecoins