Asia-Pacific
Asia-Pacific payments news: China, India, Southeast Asia, Japan, Korea and Australia, from QR schemes to card clearing.
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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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When the lights go out: Mastercard’s offline mandate, a £700m interchange claim and Canada’s bank-light real-time rail
Mastercard tells Europe every new card must work offline, UK merchants bring a £700m claim over cross-border interchange, Canada’s real-time rail looks set to launch without…
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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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Stablecoins hit the plumbing: OUSD goes live, Swift’s ledger runs, Australia bans surcharges
In Sibos week, Visa, Mastercard, Stripe and Coinbase launched a shared dollar token, Swift’s ledger ran live tokenised deposits, Lloyds settled with Visa in USDC, and…
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GCash parent Mynt prices IPO at ₱6.60 a share, raising up to ₱60.9 billion
Mynt priced its IPO at ₱6.60 a share, raising up to ₱60.9 billion, which would be the largest in Philippine history. GCASH lists on October 20.
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