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May 13, 2025

Top Post

‘It Is Not Illegal to Charge Fees,’ Apple Tells Brazilian Regulator on NFC Probe

9 to 5 Mac

"Apple Pay and the iPhone’s NFC sensor have long been the subject of disputes around the globe. Last year, the European Commission compelled Apple to grant developers access to the NFC reader, and more recently, the company expanded this access in other regions due to increasing regulatory pressure. Now, a national payment system in Brazil has a regulatory body taking an even closer look at the iPhone’s NFC, and it appears the company isn’t willing to budge."

On the web

Circle’s Dollar Coin Payment Network: South Korea Left Out

Business Korea

"Circle Internet Group, the issuer of the dollar-based stablecoin USDC, has established a systemenabling global remittance and settlement solely through stablecoins. However, it has been revealedthat not a single South Korean company has participated in the network. Critics argue that due tothe legal and institutional vacuum regarding stablecoins in Korea, domestic nancial institutionsand ntech companies are falling behind."

On the wires

Telecom Italia Mulls Including Insurance, Payments, Energy Services in Bylaws, Sources Say

Reuters

"Italy's biggest phone group Telecom Italia is considering adding insurance, digital payments and energy to its business as described in its bylaws ahead of expanding the offering of those services, two sources told Reuters. Having sold its prized landline grid, TIM, the heir to Italy's phone monopoly, is looking to reshape its consumer arm to offer clients more services beyond mobile and fixed broadband connectivity, to boost its average monthly revenue per unit."

May 12, 2025

On the web

Nigeria Adopts Papss to Simplify Intra-African Cross-Border Payments

Trade Finance Global

"The Central Bank of Nigeria (CBN) has unveiled a progressive circular that dramatically simplifies documentation requirements for transactions via the Pan-African Payment and Settlement System (PAPSS). Under the new directive, effective immediately, individuals can now conduct transactions up to $2,000 per month with minimal documentation, while corporate entities enjoy a threshold of $5,000. Only basic know your customer (KYC) and anti-money laundering (AML) documents will be required."

May 9, 2025

On the web

May 8, 2025

On the web

Ghana to Begin Digital Asset Regulation in September

CoinGeek

"Ghana’s central bank will begin overseeing the digital asset space later this year, pending the passage of legislation currently before parliament, Governor Johnson Asiama has revealed. Asiama spoke at the African Leaders and Partners Forum, held in Washington on the sidelines of the International Monetary Fund (IMF)-World Bank Spring Meetings. He pledged the Bank of Ghana’s (BoG) commitment to promoting digital asset adoption by enforcing friendly laws that protect consumers without stifling innovation."

Singapore Central Bank Addresses Delays on Cross-Border Payments

The Banker

"The success of new cross-border, real-time payment systems require co-operation and some creative thinking to overcome initial challenges. “We introduced an asynchronous flow to bridge this gap, where a new confirmation was introduced, which indicated that a transfer has been relayed that, in turn, allowed banks to inform their customers that their payment is on its way,” said Loh, deputy managing director for corporate development at MAS."

UK Seeks Feedback On Banning Consumers From Borrowing To Buy Crypto

Silicon UK

"The United Kingdom continues to plot out its regulation in the years ahead, governing cryptocurrencies and digital assets. The Financial Conduct Authority announced the issuing of a discussion paper, seeking feedback on rules to ban investors from using borrowed funds, such as credit card balances, to invest in cryptocurrency."

May 7, 2025

On the web

How Stablecoins Are Revolutionising Cross-Border Payments in Africa

Techpoint Africa

"Cross-border payments in Africa are some of the most expensive and complex in the world. According to the World Bank, sub-Saharan Africa remains the most costly region for remittances, with an average cost of 8.37%. But a relatively quiet revolution is underway, powered by stablecoins, a kind of cryptocurrency designed to hold steady value, usually pegged to fiat currencies like the US dollar."

May 6, 2025

Top Post

ANZ Scraps Passwords for 1 Million Customers in ‘Revolutionary’ Online Banking Change

Yahoo Finance

"ANZ is scrapping passwords for internet banking for its digital banking arm ANZ Plus. The move makes it the first Australian bank to offer a fully passwordless internet banking option. From mid-2025, ANZ Plus customers will be able to log into internet banking through two authentication methods. Either by using a passkey, which could be their fingerprint, face or mobile device PIN, or by entering their mobile number and approving a login request sent to their ANZ Plus app."

On the web

Payments Canada Updates Automated Clearing and Settlement System Rules to Enhance Payment Processing

Crowdfunder Insider

"On April 28, 2025, Payments Canada implemented significant updates to the rules governing the Automated Clearing and Settlement System (ACSS), a critical infrastructure for processing electronic payments in Canada. The amendments specifically target bill payment incident management, payment tracing facilities, and the treatment of funds transfer pre-authorized debits (PADs)."

May 5, 2025

On the web

European Central Bank Partners With Private Sector Through Digital Euro Innovation Platform

European Central Bank

"The European Central Bank (ECB) has established an innovation platform to collaborate with European stakeholders in the context of the digital euro project. Almost 70 market participants – including merchants, fintech companies, start-ups, banks and other payment service providers – have signed up to work with the ECB to explore digital euro payment functionalities and use cases."

“Better Than Cash”: PayPal Announces Plans to Revolutionize In-Store Payments in Germany

PayPal Newsroom

"PayPal is expanding in physical stores across Germany this summer. One of the most trusted brands in Germany, PayPal announced plans to bring everything consumers love and trust about PayPal in store. In the coming weeks, PayPal’s first-ever contactless mobile wallet will launch nationwide, available to PayPal consumers in Germany before anywhere else in the world."

May 2, 2025

On the web

FCA Does Not Want Britons to Buy Crypto on Credit

Finance Magnates

"The UK’s Financial Conduct Authority (FCA) is exploring restrictions on UK residents purchasing cryptocurrencies on credit, and is now seeking public feedback on this and other proposed regulatory measures. However, the British agency would exempt authorised stablecoin purchases from these credit restrictions."

April 30, 2025

On the web

April 29, 2025

On the web

Indian Authorities Keen to Charge Merchants Fees to Bolster Homegrown Payments Network, Sources Say

MarketScreener

"India's payments authority, the central bank, and industry are pushing the government to allow a fee on digital payments to large merchants made via its homegrown network to help boost growth, five sources told Reuters. The charge, known as Merchant Discount Rate (MDR), is considered crucial to boosting investment for payments firms, and reviving slowing growth in payments made via the Unified Payments Interface (UPI), India's own network, the sources said. "

April 28, 2025

On the web

Delivering the Real-Time Rail to Canada

Payments Canada

"The technical build of the Real-Time Rail (RTR) has achieved 60 per cent completion on all fronts and is on target to be finished, as planned in Q3 of 2025. Once built, testing will begin on the system."

NPCI’s Netbanking 2.0 Looks to Replicate UPI Success, but Challenges Loom

Policy Circle

"The National Payments Corporation of India is set to give the net banking system a major makeover, aiming to replicate the revolutionary success of Unified Payments Interface and make online transactions even easier for users. The ambitious project, called Netbanking 2.0, is being spearheaded by NPCI’s subsidiary, NPCI Bharat BillPay Ltd, and is expected to go live within the next three to four months. Trial runs have already been completed."

On the wires

ECB Forms Group to Simplify Banking Rules

Reuters

"The European Central Bank has launched a task force, chaired by Vice President Luis de Guindos, that will look for ways of simplifying banking rules in Europe, a source familiar with the matter told Reuters on Saturday. The central bank governors of Germany, France, Italy and Finland are also part of the task force, the source said."

April 25, 2025

On the web

April 23, 2025

On the web

Stripe Launches New Features for Businesses in Japan, Adds PayPay Integration

IBS Intelligence

"Stripe has launched a set of major product updates aimed at supporting businesses in Japan and international companies expanding into the Japanese market. Stripe is now making it easier for businesses to cater to local customer expectations by enabling support for PayPay, Japan’s widely used digital wallet with over 68 million users. Businesses can now accept PayPay for online purchases and benefit from faster payouts, receiving funds in as few as four business days—far ahead of the industry norm of month-end settlements."

Haboo Money Teams up With Griffin to Launch ‘Save-As-You-Repay’ Wallet

Open Banking Expo

"UK fintech haboo money has partnered with bank for fintechs Griffin to offer a “save-as-you-repay” wallet designed to give borrowers more control and flexibility over loan repayments, through the use of variable recurring payments (VRP) and behavioural “nudges”. The new save-as-you-pay wallet from haboo provides borrowers with flexible repayment options, by replacing direct debits with VRP, and aims to encourage responsible overpayments to help individuals pay down debt faster."

April 22, 2025

On the web

Fast Payments in Action: Emerging Lessons From Brazil and India

Atlantic Council

"As the rise of instant payment systems transforms the global financial sector, more governments are considering launching their own central bank-led immediate payment systems. Pix and Unified Payments Interface (UPI), Brazil and India’s respective instant payment systems, provide two key lessons for governments interested in implementing new fast or immediate payment systems."

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