Worldline - 2020 Universal Registration Document
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THE PAYMENT INDUSTRY Key market trends and drivers of change
Regulatory changes in the payment sector are expected B.4.3 to create new opportunities
The global regulatory landscape is complex and the number of new initiatives is increasing year by year, impacting the stakeholders in different ways. Please note below an illustration of Key Regulatory and Industry Initiatives KRIIs (source WPR 2019).
From 2020-2021
From 2021-2022
2018
2019
>2022
E
E
I
regulations
E
Bank payment obligation
Intraday liquidity norms and reporting
P2P lending regulations
India's new rule on payment transaction data storage
E
Singapore's new law on mobile wallet operators
E
Payment regulators
I
Distributed ledger regulations
I
E
Electronic identification and trust services
Payment security and technologies
I
Risk-Reduction
Singapore's new payment services legislation
E
Cybersecurity Data privacy, protection, and internet & mobile payments security
I
E
Initiatives to reduce cash use
Bank charters for FinTech Firms
Large value payment systems upgrades
I
Sepa initiatives
Payment Accounts Directive (PAD)
Interoperability measures in india
Unified platform for digital identity
Indonesia's cross-border QR payments regulation
Regulatory framework for FinTechs
Standardization
Instant payments
I E
Intermediate Point/Milestone
Interchange fee regulation
End of the Initiative/Regulation
EU's new rules on cross-border payment charges Digital currency
Elasped Time
i
Mobile wallet
KRIIs Introduced in WPR 2019
PSD2 Open API banking platforms
Competition and Transparency
Global Payments Innovation Initiative by SWIFT
Australian payments plan
Cross-border, low-value payments processing
Innovation
Note: Timelines have been Provided for regulations where they are specified, no timelines are specified for industry-trend KRIIs; SEPA - Single Euro Payment Area; Payments Security and Technology Includes Contactless, Near Field Communication (NFC), Tokenization, Biometric authentication, and Mobile Point of Sale (mPOS); In this year’s report, KRIIs on data privacy and protection, internet payments security, and mobile payments security have been merged into a single KRII.
Source: Capgemini Financial Services Analysis, 2019; World Payments Report, 2018, 2017, 2016, 2015, and 2014.
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Universal Registration Document 2020
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