Fintech News

MAY 1, 2024

The regulator said in a statement, “MAS will closely monitor DBS Bank’s progress on the remaining deliverables and the effectiveness of the measures implemented. ” The post MAS Ends Six-Month Restriction on DBS, Retains Additional Cap Requirement appeared first on Fintech Singapore. The multiplier of 1.8

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The Payments Association

OCTOBER 14, 2024

The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. The Payment Systems Regulator (PSR) recently announced a significant change to the cap for authorised push payment (APP) fraud reimbursements. What is this article about? Why is it important? What’s next?

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Fintech News

APRIL 3, 2025

It operates under a compliance-focused framework and is issued via a New York Department of Financial Services (NYDFS) regulated entity. Jack McDonald We’re seeing the market cap continue to grow, outpacing our internal projections.

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Cross-Border Payments Cross-Border Stablecoins Payments 83

PYMNTS

DECEMBER 9, 2020

We’ve noted in this space that there have been piecemeal attempts by states and cities to cap the commissions charged on various delivery services. And the district’s attorney general has sent a cease-and-desist letter that ordered the company not to charge rates that exceed the cap. monthly for the subscription).

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The Fintech Times

DECEMBER 19, 2023

Akshata Namjoshi (top) and Ratul Roshan, KARM Legal Consultants United Kingdom In the UK, BNPL products currently benefit from an exemption under the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. 58/3/96 Regarding the Regulation for Finance Companies ( FCR ).

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Finextra

MAY 28, 2024

After more than two years, Germany's financial regulator BaFin has lifted a cap on the number of new customers that digital bank N26 can onboard.

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Finextra

MARCH 7, 2025

Revolut and Visa have filed legal challenges against the Payment Systems Regulator over the UK watchdog's decision to cap interchange fees on cross-border online payments, according to the Financial Times.

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Finextra

DECEMBER 13, 2024

The Payment Systems Regulator is pushing ahead with plans to introduce a price cap on the fees Visa and Mastercard charge UK merchants when European shoppers make online purchases.

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Finextra

MAY 21, 2024

German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures but could be preparing to lift a cap on the number of new customers the digital bank can take on.

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PYMNTS

FEBRUARY 27, 2019

million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. Meanwhile, the EC has extended the deadline to release its review of the effectiveness of the Interchange Fee Regulation (IFR), which came into effect in 2015.

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Payments Source

MAY 16, 2019

The most enlightened regulator or legislator can’t match the dynamic intelligence of billions of market decisions by consumers, merchants, banks, networks and processors, argues Eric Grover, a principal at Intrepid Ventures.

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Fintech News

MAY 16, 2024

The Philippines has been uncovered to be the leading country in Southeast Asia showcasing overall interest in degen crypto and small cap cryptocurrency tokens, according to an extensive recent update from crypto resource platform CoinGecko. The top 25 most crypto degen countries account for a majority 77.8% of onchain speculation interest.

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PYMNTS

DECEMBER 2, 2020

India, in a bid to curb antitrust concerns, is trying a new strategy, putting a 30 percent cap on what a single player can grab from transactions, Bloomberg reported. Despite WhatsApp having over 400 million users in India, the government caps will make it unable to beat its rivals in India, including local giant Paytm.

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The Nilson Report

JANUARY 5, 2024

The post UK Payments Regulator Proposes To Cap Cross-Border Fees On Mastercard and Visa Cards appeared first on Nilson Report.

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Neopay

DECEMBER 18, 2023

The Payment Systems Regulator (PSR) has published the interim report for its market review into cross-border interchange fees. The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for credit cards.

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Cross-Border Caps Regulations Visa 52

The Fintech Times

DECEMBER 15, 2024

UK businesses are suffering from the rise of cross-border interchange fees according to payments regulator, The Payments System Regulator (PSR). To ensure this doesn’t continue, it has proposed a consultation to price cap remedy to protect firms. What’s next?

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PYMNTS

NOVEMBER 5, 2020

5) that it will be capping the amount of UPI transactions any single payments app can handle in a month to 30 percent of the total. The organization, controlled by India’s largest banks, noted in a statement that the cap will “address the risks and protect the UPI ecosystem as it further scales up.”.

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M2P Fintech

APRIL 11, 2025

Applicable to all regulated entities (REs), including commercial banks, cooperative banks, and NBFCs, these guidelines aim to standardize gold loan practices, tighten controls, and ensure borrower protection. Additionally, the enforcement of the 75% Loan-to-Value (LTV) cap was uneven, and risk weights were incorrectly applied.

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The Fintech Times

MARCH 28, 2025

Creditsprings model offers an FCA-regulated credit subscription service that responsibly offers short-term, affordable credit to borrowers. On average, the tool has found that individuals could be entitled to 973 per month in additional financial support.

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Research Caps Risk Regulations 101

PYMNTS

DECEMBER 8, 2020

Several states have instituted caps on the fees that apps and platforms can charge on restaurants. Last month, Chicago announced a 15 percent delivery cap on what third-party aggregators can charge restaurants. Last month, Chicago announced a 15 percent delivery cap on what third-party aggregators can charge restaurants.

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PYMNTS

MAY 15, 2020

The City Council approved a 15 percent cap on food delivery fees paid by restaurants to Grubhub, PYMNTS reported. and Jersey City were among the first communities to implement caps on delivery fees through emergency orders last month. On Wednesday (May 13), New York City became the latest city to enact protections for eateries.

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Fintech News

JULY 21, 2024

Indonesia’s Financial Services Authority (OJK) plans to raise the maximum limit for peer-to-peer (P2P) funding above the current IDR 2 billion cap, specifically for productive funding used for business and economic activities, rather than consumptive funding for personal use.

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PYMNTS

NOVEMBER 7, 2018

Stellar has an approximate $5 billion market cap and No. With the rules, regulators are requiring Swiss banks to “[assign] a flat risk weight of 800 percent to cover market and credit risks, regardless of whether the positions are held in the banking or trading book.” 6 biggest digital currency.

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The Payments Association

JUNE 28, 2024

New regulations will cap overdraft fees, drastically reducing them from around $30 to approximately $3, significantly impacting banks' revenue streams. Read more

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PYMNTS

MARCH 11, 2020

Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the Wall Street Journal (WSJ) reported on Wednesday (March 11). Utah has no caps on interest rates. “A She is looking to state regulators put a stop to the practice.

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PYMNTS

FEBRUARY 6, 2020

The hearing was titled “Rent-a-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.”. She noted that states have interest rate caps on non-bank installment loans, with a median cap on a $500 loan of about 37.5 The Rent-a-Bank Scheme.

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Neopay

SEPTEMBER 11, 2024

The Payment Systems Regulator (PSR) has set a crucial date of 7 October 2024 for implementing new protections against Authorised Push Payment (APP) scams, reaffirming its commitment to tackling this growing threat. This issue is key in demonstrating why stronger protections beyond transaction limits are necessary.

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The Payments Association

OCTOBER 22, 2024

New UK regulations requiring payment firms to refund fraud victims up to £85,000 within five days Why is it important? As of October 7, all UK payment firms making use of the faster payment system (FPS) are required to refund fraud victims up to £85,000 within five days under new rules set by the Payment Systems Regulator (PSR).

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Fintech Finance

DECEMBER 13, 2023

The Payment Systems Regulator (PSR) has published the interim report for its market review into cross-border interchange fees. The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

The Payments Association

APRIL 21, 2024

New regulations will cap overdraft fees, drastically reducing them from around $30 to approximately $3, significantly impacting banks' revenue streams. Read more

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Card Issuer Debit Card Issuers Caps 88

PYMNTS

JANUARY 18, 2019

As reported by Bloomberg , a selloff was sparked on Friday among small cap stocks that belong to FinTechs. For short sellers – those who bet that stocks will fall rather than rise – amid Chinese FinTechs , this week has led to big gains.

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Finextra

MAY 21, 2024

The UK's Payment System Regulator (PSR) has stepped back from imposing financial penalties on Visa and Mastercard scheme and processing fees, despite evidence that the firms are running an effective duopoly in the supply of services to merchants.

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PYMNTS

OCTOBER 14, 2020

The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. However, investors who are considered to be qualified would not have to adhere to the cap. Russia’s primary financial regulator has increased its efforts in terms of digital assets lately.

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Fintech News

APRIL 2, 2024

The Monetary Authority of Singapore (MAS) has announced revisions to the Payment Services Act (PS Act) and related regulations, marking a significant expansion in the regulation of payment services within the country. Here’s are four key takeaways from the guidelines: 1.

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The Fintech Times

SEPTEMBER 4, 2024

The UK’s Payment Systems Regulator (PSR) has announced a significant reduction in the maximum fraud reimbursement limit for authorised push payment (APP) scams, lowering it from £415,000 to £85,000 just weeks before new rules take effect in October. Rocio Concha, director of policy and advocacy at UK consumer body Which?,

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The Fintech Times

APRIL 25, 2025

Creditsprings Netflix -style subscription finance model offers access to no-interest loans with clear repayment terms, capped total costs and no hidden charges, late fees, confusing interest rates or risk of debt spirals. On average, the tool finds that individuals could claim 982 per month in additional financial support.

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The Paypers

JULY 5, 2024

The European Commission has announced that Visa and Mastercard will extend the current caps on tourist card fees established with EU antitrust regulators for an additional five years, through 2029.

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