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                                                                                                   February 2022

Russia and the SWIFT nuclear option 


  

As images of the tragic human toll in Ukraine start to stream in, many of us and our leaders seek to take effective action. In the quest to restore world peace and order, there have been calls for Russia to be removed from SWIFT. What does that mean, and what are the implications? How effective a sanction can it be? 


SWIFT is ultimately an organisation - Society for Worldwide Interbank Financial Communications it is a not for profit organisation that was set up in the 1970s with the phasing out of telex machines to establish a network of communications, and a standard protocol for the exchange of messages between banks. Mostly these messages were the electronic equivalent of an I-owe-you. They were trusted, for in the banking world "my word is my bond".  Read more


Future Events

Register to get yourself more involved in payments.

   8

  Mar

  

Meet-Her International Womens Day celebration - #BreaktheBias

Meet Her Community Event

   15

  Mar

  

Meet-Her Rountable with Tessa Wijaya Co-Founder and COO of Xendit

Round Table

   5

 Apr

  

8th Global Payments Forum Focus AML/CFT 

GPF

Ambassador of the Year 2022
Ambassador, EPAA & Principal, 34 South 45 North         

Past Events

Press "Read More" to check our past event recordings, articles and related materials. 

  9

  Dec

Embedded Finance: Powering Cross-Border Payments Through A Modular Approach

Hot Topic Briefing

  9

  Dec

6th IIF-EPA Global Payments Forum  

Forum

  20

  Jan

The Future of Clearing in a World of CBDC and Real Time Payments 

Forum

  21

  Jan

Mumbai Rountable 2022

Round Table

  25

  Jan

Hot Topic Briefing: Outlook of the Year

Hot Topic Briefing 

  14

  Feb

Open Data Workshop - Introduction

Hot Topic Briefing 

  


Open Data:  Current



Open Data:  Regulations




Open Data : Innovations 




Open Data :  Solutions



PROJECT REGULATIONS 

SPONSORED BY CORLYTICS 

 

  • The Regulation Working Group is discussing submissions to HKMA on crypto-assets and stablecoins and to the Federal Reserve on CBDC’s. 

Working Group Members are: 

Brad Pragnell (Ambassador) 

Zennon Kapron (Ambassador) 

Antony Morris (Ambassador) 

Sean Peterson (Amex) 

Simone Joyce (PaypaPlane) 

Holly Dorber (PayPal) 

John Byrne (Corlytics) 

Mike O'Keeffe (Corlytics) 

Anurag Vasisth (Ambassador) 

Steven Chan (PayPal) 

Amrita V Nair (PayPal) 

Sarah Wood (Amex) 

Mailu Mizumoto (eBay) 

David Brown (Finastra) 

Desmond Lim Ching Hau (eBay) 

Richard Lomas (citi) 

Daryn Griggs (episode 6) 

Nilixa Devlukia (Ambassador) 

Alex Konashevych (Baxe) 

Aaron Soh (Novatti) 

Ben Tabell (eftpos) 

Katie Michell (Nium) 

Shu Min Cheong (Nium) 

Carrie Suen (Ant Group) 

Adam Caines (EY) 

May Lam (EY) 

Tara Tubman (BPC) 

Jocelyn Poh (Ekata) 

Nikesh Lalchandani (Director of Policy, EPAA) 

For more information regarding EPAA Project Regulations 

To join the EPAA Project Regulations Working Group projects@emergingpaymentsasia.org 

 

 

PROJECT CROSS-BORDER PAYMENTS 

SPONSORED BY PAYPAL 

 

GLOBAL PAYMENTS FORUM 

  • The 7th Global Payments Forum was held on 1 March 2022. The theme is: Faster Cross-Border Payments - Where do we need the speed? Is RTGS 24/7 the answer?  

  • The 6th IIF-EPA  Global Payments Forum was held on Thursday, December 9th. The meeting focused on cloud in cross-border payments. It reflected on how cloud and cloud-enabled technologies can assist in solving for the challenges of cross-border payments, including by catering to financial inclusion and SME support imperatives. Briefing Note 

  • The 5th IIF – EPA Global Payments Forum was held on 27 October, focusing on Digital Identity.  The discussion was on "How Digital Identity is assisting in the last mile of Cross-border payments". Briefing Note 

 

Transparency in Banking Payments Workshop is WIP.  

 

APAC FINTECH PAYMENTS FORUM 

  • The 2nd Forum was held on 22 Feb 2022 and focused on “The Different Dimensions of Access to Licensing & Regulation, Banking, Infrastructure (Payment Rails &Real Time Payments), and Customers (Data & Channels to Market)”.  A report is being prepared and will be available shortly. 

  • The  first APAC Fintech Payments Forum was held on 4 August 2021. Nigel Lee moderated a robust opening session, followed by breakout rooms where a number of relevant topics were discussed. Summary report here.  

 

FSB SUBMISSION 

 

GUEST SPEAKER 

  • GUEST SPEAKER: Pedro Mullor from Swift presented at the Cross-Border Working Group Meeting on 9 February at 17:00 (AEST). SwiftGo Presentation 

Working Group Members are:

Fannette Hsin (EPAA Ambassador/Project Director) 

Amrita V Nair (PayPal – Project Sponsor) 

Dr. Brad Pragnell (EPAA Ambassador) 

Melissa Keir (Marqeta) 

Kenneth Leung (SWIFT) 

Laura Hu (EBAY) 

Mishal Ruparel (Banking Circle) 

Steven Chan (PayPal) 

Tom Alaerts (Swift) 

Stephen Peters (FIS) 

Katie Mitchell (Nium) 

(CurrencyCloud) 

Mailu Mizumoto(EBAY) 

David Brown (Finastra) 

Tara Tubman (BPC) 

Shu Min Cheong (Nium) 

Alex Konashevych (Baxe) 

Peter Agnew (Novatti) 

Ben Tabell (eftpos) 

Lucky Bimolaksono (Amex) 

Adam Caines (EY) 

May Lam (EY) 

Julie Bolan (Swift) 

Carrie Suen (Ant Group) 

Nikesh Lalchandani (Director of Policy, EPAA) 

 

 

For more information regarding EPAA Project Cross Border Payments 

To join the EPAA Project Cross Border Payments danelle.denny@emergingpaymentsasia.org 


PROJECT MEET HER - SHE KNOWS PAYMENTS 

 

  • Tessa Wijaya Co-Founder and COO Xendit Indonesia will set the scene for the March round table on the topic of client onboarding. 

 

For more information regarding EPAA Project Meet Her - She Knows Payments 

To join the EPAA Project Meet Her - She Knows Payments  


New- PROJECT OPEN DATA 

 

  • EPAA hosted an Open Data Workshop in collaboration with Asia-Pacific Financial Forum and ASEAN Bankers Association on 14 February. This workshop, brought together the full value chain related to Open Data and payments in APAC to discuss how to progress Open Data in the region to benefit all stakeholders and to strengthen the industry. 

  • The findings from the workshop were presented at the  ABAC Meeting on 17 Feb. Open Data ABAC Presentation 

  • Deliverables for this working group are aimed at APEC 2022. 


We are ready to launch the new Open Data project in 2022.  This project has an ambitious target to influence the Finance and Economic ministers of APEC, in Thailand, November 2022. 

 

EPAA is hosting an Open Data Workshop in collaboration with Asia-Pacific Financial Forum and ASEAN Bankers Association on 14 February. In this workshop, we are bringing together the full value chain related to Open Data and payments in APAC to discuss how to progress Open Data in the region to benefit all stakeholders and to strengthen the industry. EPAA will present the learnings from the workshop to ABAC on 17 Feb. 

  

The key to success on this project will be: 

  • Industry collaboration with global fintechs, via the APAC Fintech Payments Forum. 

  • Industry partnership with APEC, ABAC, and ASEAN Bankers Association. 

  • Industry workshop at ABAC #1, (the first in person workshop for ABAC & EPA in 2 years) 

  • Hot Topic Briefing  

  • Monthly Working Group to discuss and plan 

  • APEC workshop in Thailand in Q4 2022. 

  

The EPA Director General Policy will be joined by Nilixa Devlukia, ex UK regulator, and open data & digital currency expert. 

  

The time commitment required will be monthly meetings during 2022, which may be dialled up as required. 

  

The benefits of this a project: 

  • Helping to move forward a better environment and solution for open data in APAC. 

  • Getting access to regional regulators. 

  • Collaboration with industry peers and fintech firms. 

  • Part-taking in the industry events and building profile  


To join the EPAA Project Open Data  projects@emergingpaymentsasia.org 

To learn what is involved when sponsoring this project please email camilla.bullock@emergingpaymentsaisa.org 

 

PROJECT DIGITAL IDENTITY 

SPONSORED BY CITI & FICO 

 


Working Group Members are:  


Rajiv Madane (Project Director, DigiCal Consultancy) 

Richard Lomas (Citi) 

CK Leo (FICO) 

Ian Sorbello  (Transmit Security)  

Desmond Lim Ching Hau (Ebay) 

Mailu Mizumoto (EBay) 

Sherman Lin (Ekata) 

Jocelyn Poh (Ekata) 

Nikesh Lalchandani (Director of Policy, EPAA) 


For more information regarding EPAA Project Digital Identity 

To join the EPAA Project Project Digital Identity  danelle.denny@emergingpaymentsasia.org   


Members

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What's On The Horizon...

   
General Payments:
Blockchain and Payments:
CBDC/Cryptocurrency/Stablecoin:
Cross Border Payments:
Cybersecurity:
Digital Identity:
Financial Inclusion:
Open Data:
Real Time Payments:
Regulations:
Sustainable /Green Fintech