South China Morning Post
"The Hong Kong Association of Banks will consider the future of cheques as a payment method amid a 34 per cent decline in their use over the past five years."
"Luis Silva, the chief executive officer and founder of Brazilian payments startup CloudWalk, has lofty ambitions."
"The shift towards a cashless society in Australia is accelerating, with the Reserve Bank Governor Michele Bullock revealing that cash transactions now account for a mere 13% of consumer purchases."
"Two of the big-four banks have recorded strong growth in the use of virtual cards, as more South African consumers shift to digitally-driven payment methods."
Commerce Commission of New Zealand
"The Commerce Commission has received an application from Payments NZ Limited (Payments NZ) seeking authorisation to work with API providers and third parties to develop arrangements that, according to Payments NZ, will facilitate a more well-utilised, secure and innovative open banking framework."
"Dubai First, the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets."
"The cross-border linkage between Unified Payments Interface (UPI) & PayNow is enabling Indians to receive instant, secure, and cost-effective remittances from Singapore-based Indian diaspora directly into their bank accounts."
"Banco de España, Spain’s banking regulator, has announced the selection of three entities to participate in its wholesale central bank digital currency (CBDC) pilot, one year after issuing an open call for partners."
"In its pursuit of providing cutting edge services, NPCI has introduced five new UPI rules that will make the system more secure, seamless and convenient for users."
"Banco Central do Brasil has released operational guidelines for the Pix Automático product. Pix Automático will be available to the population in October 2024."
"Adyen, the global financial platform is entering a partnership with Straumur, a subsidiary of Kvika. Straumur is a payment provider that processes payments in several verticals on the Icelandic market, including grocery stores, restaurants, pharmacies and gas stations."
"Rolling out a new common language for global payment data is no small feat. However, the transition is gathering momentum, with one domestic payment system after another converting to ISO 20022 (a standard for financial-information interchange between financial institutions developed by ISO, the International Organization for Standardization) over the past two years, including in countries such as Singapore"
"Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said."
"The Tata Group's digital payments app, Tata Payments, has been granted a payment aggregator (PA) license by the Reserve Bank of India (RBI), reports the Economic Times (ET) allowing the company to facilitate e-commerce transactions on its platform, joining the likes of Razorpay, PhonePe, and Google Pay."
"It remained one of the most used payment methods by Brazilians in 2023. In this new year, the Central Bank (BC) is considering launching a service Auto pixel."
"China’s central bank has agreed that payment app Alipay no longer has a controller after a sweeping business overhaul of Jack Ma’s Ant Group , the fintech giant that owns the app, putting its long-awaited IPO back on track."
"In a move that further underscores Taiwan’s cautious stance on cryptocurrencies, the country’s primary financial regulator, the Financial Supervisory Commission (FSC), has directed the banking sector to deny virtual asset providers (VASPs) the status of merchants for credit card transactions."
"Mastercard leads the charge in transforming Nigeria's payment landscape as it unveils its contactless payment solutions. The solution will empower businesses to accept card payments easily and cost effectively, using 'tap on phone', 'QR Pay by link' and 'Payment link' on their smart phones."
"In November 2016 India abruptly scrapped two banknotes constituting 86% of all currency in circulation, in a move aimed at combating corruption and curbing undeclared wealth. But seven years later, cash continues to hold ground."
"Yesterday Norges Bank shared the results of the fourth phase of its central bank digital currency (CBDC) experiments. It doesn’t believe there is currently a need for a retail CBDC but clarified which conditions might trigger a decision."
"Financial firms Lloyds Banking Group, Banco Santander and UBS took part in the new payment system, launched by blockchain payments startup Fnality."
"Ukraine’s National Bank (NBU) plans to kickstart Ukraine’s accession to the Single Euro Payments Area (SEPA) in 2024, chairman Andriy Pyshnyi wrote on Facebook."
"China has announced tough rules for non-banking payment institutions amid an ongoing clampdown on the country’s $57 trillion financial sector."
"M-PESA, Safaricom’s mobile money platform, has built on its partnership with Visa to provide tap-to-pay card payments to customers."
"The Central Bank of Colombia, Banco de la República, announced it is partnering with ACI Worldwide, the global leader in mission-critical, real-time payments software, to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project."
"The Central Bank of Colombia, Banco de la República, today announced it is partnering with ACI Worldwide, a global leader in mission-critical, real-time payments software, to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project."
"Britain's payments regulator on Wednesday provisionally proposed a cap on cross-border interchange fees on retailers and other businesses charged by Mastercard and Visa on transactions made between the UK and European single market."
"Australia's central bank is considering a slate of new regulations for the payments system to open the use of mobile wallets, make costs more transparent and allow retailers to put surcharges on buy-now-pay-later services."
"Pix has played a pivotal role in including 71.5 million users into the financial system... October 6th marked a historic milestone with the highest number of transactions in a 24-hour period: 163 million."
"The EU reached a provisional deal on the AI Act on December 8, 2023, following record-breaking 36-hour-long ‘trilogue’ negotiations between the EU Council, the EU Commission and the European Parliament."