EBA publishes a Decision under the SEPA Regulation to harmonise and streamline EU payment data reporting, introducing a single reporting channel through EBA, replacing multiple national submissions

This reform reduces administrative burden on National Competent Authorities (NCAs) and ensures more consistent, high-quality data on payment charges, transaction volumes, and sanctions-related rejections. The EBA will now centralise this information and forward it to...

FSB launches a new implementation phase to make cross‑border payments faster, cheaper, and more transparent by 2027 through upgraded systems, real-time processing, and public-private collaboration

This phase brings together public authorities and private sector stakeholders—including banks, fintechs, and payment system operators—to develop detailed jurisdictional and regional action plans, identify bottlenecks, and implement practical measures that improve the...

HMT’s Payments Forward Plan 2026 sets a 3-year roadmap to modernise payments with Open Banking, a potential Digital Pound, and stronger fraud safeguards, helping firms innovate while tackling FC

It aims to streamline regulation such as consolidating the Payment Systems Regulator into the FCA and updating the Payment Services and E‑Money Regulations while enhancing competition, transparency, and consumer protections. The Plan also prioritises fraud prevention,...

CBUAE unveils Middle East’s first biometric payment solution, a proof‑of‑concept pilot enabling payments via facial and palm recognition as part of the UAE’s Digital Economy Strategy

The initiative is being tested at the Dubai Land Department through the bank’s Sandbox Programme and Innovation Hub, developed in partnership with Network International and powered by PopID, and is designed to boost security, convenience and innovation in the national...