Global payments news, briefly.
What happened in payments this week, and why it matters. Free weekly briefing every Monday.
Topics: Cross-border · Domestic & real-time · Cards · Asia-Pacific · Regulation · Deals & funding
Regions: Americas · Europe · Asia-Pacific · Middle East & Africa · Events calendar
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RBI data centre in Bhubaneswar opens to host RTGS and NEFT
The Reserve Bank of India has opened a ₹169 crore data centre in Bhubaneswar that will host RTGS, NEFT and e-Kuber, its first such site outside Maharashtra.
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This week’s issue
The OCC writes the stablecoin rulebook, GCash lists in Manila, and Western Union moves remittances on-chain
Read the issue: The OCC writes the stablecoin rulebook, GCash lists in Manila, and Western Union moves remittances on-chainThe OCC finalises its GENIUS Act rule for stablecoin issuers, Western Union picks Noah to pay out remittances in its USDPT stablecoin, GCash parent Mynt lists after a record ₱60.9bn IPO, and Same Day ACH volume rises 36.7%.
Latest news
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StraitsX and Visa extend stablecoin-backed card issuing to more than 100 markets
StraitsX will support stablecoin-backed Visa card programmes in more than 100 markets, taking the Singapore stablecoin issuer’s card business beyond Asia.
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HSBC RedCoin stablecoin goes live for 3.3 million PayMe users in Hong Kong
HSBC’s first stablecoin, the HKD-denominated RedCoin, is live on PayMe for more than 3.3 million users, who can use it for transfers and at over 100,000…
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Visa Direct moves stablecoin prefunding into production with Inyo Global
Visa Direct’s USDC prefunding has moved from pilot to production, with Inyo Global the first enabler for cross-border payouts to 180+ countries.
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NPCI defers UPI MDR on select merchant payments until after Diwali
NPCI has pushed the planned merchant fee on select UPI payments to just after Diwali, two days before it was due to start, with the structure…
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PBOC gives Visa preliminary approval to prepare yuan card clearing in China
China’s central bank has let Visa start preparing a domestic bank card clearing institution, giving it a year to get ready before applying to operate.
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Pix keys top 1 billion in Brazil as September transactions reach 7.1 billion
Brazil now has more than 1 billion registered Pix keys, led by random keys, and the SPI processed 7.1 billion Pix payments in September.
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