UK’s Payment Systems Regulator has imposed a total fine of $45.01m on five payments firms including Mastercard, for their cartel behaviour when providing prepaid cards for local authorities to distribute…
The Monetary Authority of Singapore (MAS) has issued a new set of guidelines on digital…
UK open banking startups are in a celebratory mood after the nation's financial markets regulator changed the 90-day rule, which required users…
Dutch competition authority has ordered technology giant Apple to make changes to its in-app purchases payments rules for dating apps.…
The Reserve Bank of India (RBI) has penalised two India-based payment system operators One Mobikwik Systems Private and Spice Money…
The US Consumer Financial Protection Bureau (CFPB) has initiated an inquiry into ‘buy now, pay later’ (BNPL) credit following concerns…
Australia is reportedly moving to broaden its existing payment regulations to control cryptocurrency exchanges, digital wallets and buy-now-pay-later (BNPL) firms in the country amid their rising demand. The country’s regulators…
Japan’s Financial Services Agency (FSA), the country’s financial watchdog, is reportedly looking to propose a new regulation in 2022 to limit stablecoin issuance to banks and wire transfer companies. The…
US payment giant Visa has reportedly approached the US government over India’s ‘formal and informal’ support for domestic payment rival RuPay. The payment giant said that the Indian government’s promotion…
India is reportedly set to propose a new bill that seeks to prohibit most private cryptocurrencies as part of the government’s move to regulate virtual currencies in the country. This…
The Governing Council of the European Central Bank (ECB) has given the nod to a new oversight framework for electronic payment instruments, schemes and arrangements (PISA framework), which would cover…
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