Asia-Pacific
Asia-Pacific payments news: China, India, Southeast Asia, Japan, Korea and Australia, from QR schemes to card clearing.
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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…
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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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The OCC writes the stablecoin rulebook, GCash lists in Manila, and Western Union moves remittances on-chain
The 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…
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Visa gets a Beijing green light, UPI’s fee waits for Diwali, and stablecoins reach the payout rails
China lets Visa prepare a domestic yuan card-clearing business, India pushes UPI merchant fees past Diwali, Visa and Mastercard put stablecoins into production payouts, and Ramp…
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