title: Roundup — WorldPayments Monitor — 2026-09-20 canonical: https://payments.gi/roundup/2026-09-20/ ## Developments 1. 1 CI Licensing, Authorisation & Market Access 2026-09-22 ### [BCEAO's 28 February 2026 payment-institution list shows nine agréments in CI (second-highest in UEMOA after Senegal); the Banking Commission's 22 May 2025 list shows three e-money issuers, plus BCEAO's own register naming four dedicated EME entities.](https://payments.gi/jurisdictions/ivory-coast-uemoa-bloc/#mb-w1a) [BCEAO](https://www.bceao.int/fr/content/etablissements-de-monnaie-electronique) T1 Confirmed 2. 2 US-KY Licensing, Authorisation & Market Access 2026-09-22 ### [SB134 modifies KY's statutory definition of money transmission to cover 'another medium of exchange' (virtual currency clarification) and moves MTL renewal deadline from September 20 to December 31.](https://payments.gi/jurisdictions/united-states-kentucky/#mb-w1a) [Kentucky Legislative Research Commission](https://apps.legislature.ky.gov/law/statutes/chapter.aspx?id=38644) T1 Confirmed 3. 3 CL Licensing, Authorisation & Market Access 2026-09-21 ### [Ley 21.521 brings seven new digital-finance business models within CMF licensing perimeter; NCG N502 requires pre-commencement notification; SFA reached full operative status July 2026.](https://payments.gi/jurisdictions/chile/#mb-w1a) [Comision para el Mercado Financiero (CMF)](https://www.cmfchile.cl/educa/621/w3-article-85048.html) T1 Confirmed 4. 4 NL Licensing, Authorisation & Market Access 2026-09-21 ### [PSD3/PSR political agreement reached, expected 2026 adoption with ~18-month transposition window; EMIs will need PI reauthorisation.](https://payments.gi/jurisdictions/netherlands/#mb-w1a) [De Nederlandsche Bank](https://www.dnb.nl/en/sector-news/supervision-2025/instant-payments-regulation-new-obligations/) T1 Confirmed 5. 5 NP Licensing, Authorisation & Market Access 2026-09-21 ### [NRB published a five-year Fintech Strategy and opened its first regulatory sandbox; KYC threshold for wallet onboarding raised to NPR 10,000.](https://payments.gi/jurisdictions/nepal/#mb-w1a) [Nepal Rastra Bank](https://www.nrb.org.np/contents/uploads/2026/09/Strategic-Framework-of-the-Fintech-Strategy-for-Digital-Financial-Services.pdf) T1 Confirmed 6. 6 NP Product Innovation & Market Development 2026-09-21 ### [Wholesale CBDC pilot underway with full rollout targeted 2026; NepalPay QR reached 85% of registered merchants; digital-payment transaction value crossed NPR 1.2 trillion in Q2 2026.](https://payments.gi/jurisdictions/nepal/#mb-w9) [Bank for International Settlements](https://www.bis.org/review/r240322d.pdf) T1 Confirmed 7. 7 SE Operational Resilience & Critical Infrastructure 2026-09-21 ### [RIX-INST underlies Swedish instant payments; Payments Report 2026 sets March 2027 target for A2A instant transfers beyond Swish, with EU-modelled legislation threatened if market fails to move.](https://payments.gi/jurisdictions/sweden/#mb-w3) [Sveriges Riksbank](https://www.riksbank.se/en-gb/payments--cash/payments-in-sweden/payments-report-2026/developments-in-the-payments-market/modernising-the-payments-market/) T1 Confirmed 8. 8 SE Product Innovation & Market Development 2026-09-21 ### [Riksbank recommends inquiry into e-krona enabling legislation contingent on digital-euro regulation; NPC's NOLO scheme in development for cross-Scandinavian payment info standardisation.](https://payments.gi/jurisdictions/sweden/#mb-w9) [Sveriges Riksbank](https://www.riksbank.se/en-gb/payments--cash/e-krona/) T1 Confirmed 9. 9 US-AZ Conduct, Safeguarding & Financial Promotions 2026-09-21 ### [SB1034 requires money transmitters to communicate consumer fraud warnings BEFORE transmission, removing a prior font-size mandate.](https://payments.gi/jurisdictions/united-states-arizona/#mb-w1b) [Arizona State Legislature](https://www.azleg.gov/legtext/56leg/2R/summary/S.1034FICO_ASPASSEDCOW.DOCX.htm) T1 Confirmed Also tracked by crypto:consumer_protection 10. 10 US-TN Licensing, Authorisation & Market Access 2026-09-21 ### [Statewide crypto-ATM ban narrows market access for a specific cash-in channel; TDFI's fiat-conversion boundary for MTL scope remains carried forward unchanged.](https://payments.gi/jurisdictions/united-states-tennessee/#mb-w1a) [Tennessee Department of Financial Institutions](https://www.tn.gov/tdfi/mortgage-consumer-lending/money-transmitter.html) T1 Confirmed Also tracked by crypto:crypto_licensing 11. 11 IE Licensing, Authorisation & Market Access 2026-09-14 ### [Final PSD3/PSR legislative texts published April 2026 to merge PI/EMI authorisation categories and tighten safeguarding.](https://payments.gi/jurisdictions/ireland/#mb-w1a) [Central Bank of Ireland](https://www.centralbank.ie/regulation/industry-market-sectors/payment-institutions) T1 Confirmed 12. 12 KZ Payment Corridor Dynamics 2026-09-14 ### [National Bank's upgraded Instant Payment System supports 24/7 phone-number/QR interbank transfers; unified interbank QR acceptance scheme (launched Nov 2025) scaling nationwide through 2026; IMTS processes >97% of FX/securities/banking-sector payments and is classified…](https://payments.gi/jurisdictions/kazakhstan/#mb-w5) [National Bank of Kazakhstan](https://nationalbank.kz/en/news/press-relizy/13764) T1 Confirmed 13. 13 US-WA Licensing, Authorisation & Market Access 2026-09-14 ### [DFI actively enforcing UMSA against digital-asset money transmitters/kiosk operators.](https://payments.gi/jurisdictions/united-states-washington/#mb-w1a) [Washington State Department of Financial Institutions](https://dfi.wa.gov/consumers/virtual-currency-cryptocurrency-and-digital-assets-primer) T1 Confirmed Also tracked by crypto:crypto_licensing 14. 14 ZA Correspondent Banking, Settlement & Access 2026-09-14 ### [SARB directly absorbs payment-institution licensing/authorisation/registration functions formerly delegated to PASA; SARB confirms everyday payment services (card, EFT, debit order, ATM) unaffected by the transition.](https://payments.gi/jurisdictions/south-africa/#mb-w12) [South African Reserve Bank (SARB)](https://www.resbank.co.za/en/home/what-we-do/payments-and-settlements) T1 Confirmed 15. 15 SI Operational Resilience & Critical Infrastructure 2026-09-11 ### [BSI rolled out instant-payment sending and payee-verification services to public-sector budget spending units; expanding ZPlaSSIED-based IPR-compliance supervision of PSPs.](https://payments.gi/jurisdictions/slovenia/#mb-w3) [Banka Slovenije](https://www.bsi.si/en/media/posts/full-roll-out-of-instant-payments-in-the-euro-area) T1 Confirmed 16. 16 RU Correspondent Banking, Settlement & Access 2026-09-05 ### [OFAC SPFS alert plus EU 21st sanctions package banking-sector designations (90+ institutions) further narrow correspondent-access options for Russian banks.](https://payments.gi/jurisdictions/russia/#mb-w12) [OFAC](https://ofac.treasury.gov/media/933656/download?inline=) T1 Confirmed 17. 17 ZA Licensing, Authorisation & Market Access 2026-09-02 ### [SARB withdrew PASA's PSMB recognition effective 2 September 2026; licensing/authorisation functions transfer to SARB directly; NPS Act amendment targets an activity-based non-bank licensing regime for 2026.](https://payments.gi/jurisdictions/south-africa/#mb-w1a) [SAnews (South African Government News Agency)](https://www.sanews.gov.za/south-africa/sarb-transfer-national-payment-management-functions) T1 Confirmed 18. 18 AU Stablecoins & Digital Money 2026-09-01 ### [RBA's Sept 2026 CBDC/stablecoin update reaffirms no high stablecoin adoption but flags growing issuance interest as licensing framework approaches.](https://payments.gi/jurisdictions/australia/#mb-w2) [Reserve Bank of Australia (RBA)](https://www.rba.gov.au/payments-and-infrastructure/tokenised-money/pdf/retail-cbdc-position-paper-sep-2026.pdf) T1 Confirmed 19. 19 CA-BC Operational Resilience & Critical Infrastructure 2026-08-24 ### [RTR By-law (Canadian Payments Association By-law No. 10) and RTR Rules received all necessary approvals, taking effect August 24, 2026; settles in central bank money via ISO 20022, 24/7/365.](https://payments.gi/jurisdictions/canada-british-columbia/#mb-w3) [Payments Canada](https://www.payments.ca/critical-milestone-achieved-law-and-rules-approved-canadas-real-time-rail) T1 Confirmed 20. 20 AU Licensing, Authorisation & Market Access 2026-08-07 ### [RBA Review of Payments System Regulation entered prioritisation phase; Cash Distribution Framework Act 2026 commenced; ASIC digital-asset licensing deadline (30 Sept 2026) and Digital Assets Framework Act 2026 commencement (9 Apr 2027) advancing; PSB endorsed ASX FSS assessment.](https://payments.gi/jurisdictions/australia/#mb-w1a) [Reserve Bank of Australia (RBA)](https://www.rba.gov.au/media-releases/2026/mr-26-17.html) T1 Confirmed 21. 21 RW Payment Corridor Dynamics 2026-07-14 ### [BNR designated eKash as Rwanda's national instant payment system, operated by RSwitch, effective 14 July 2026 under Directive No. 45/2026, capped at RWF 20 per transaction (up to RWF 10 million per transfer).](https://payments.gi/jurisdictions/rwanda/#mb-w5) [National Bank of Rwanda (BNR)](https://www.bnr.rw/paymentsystems) T1 Confirmed 22. 22 IM Conduct, Safeguarding & Financial Promotions 2026-07-08 ### [Crown Dependencies agreed common APP fraud principles, initial scope retail banking/sterling Faster Payments/CHAPS; diverges from UK/EU by not adopting inter-bank cost-sharing.](https://payments.gi/jurisdictions/isle-of-man/#mb-w1b) [Isle of Man Financial Services Authority](https://www.iomfsa.im/fsa-news/2026/jul/crown-dependencies-propose-coordinated-approach-to-app-fraud-framework) T1 Confirmed 23. 25 BE Licensing, Authorisation & Market Access 2026-07-01 ### [Belgian MiCA implementing law splits CASP authorisation/supervision between FSMA and NBB; transitional regime expired 1 Jul 2026 with six unauthorised providers named.](https://payments.gi/jurisdictions/belgium/#mb-w1a) [FSMA](https://www.fsma.be/en/news/crypto-assets-service-providers-end-transitional-period) T1 Confirmed 24. 26 CL Product Innovation & Market Development 2026-07-01 ### [SFA (Open Finance) reached full entry into force July 2026; secondary commentary frames Ley Fintec's broadened financial-instrument definition as tokenisation-enabling, though no dedicated CMF tokenisation instrument was identified.](https://payments.gi/jurisdictions/chile/#mb-w9) [Comision para el Mercado Financiero (CMF)](https://www.cmfchile.cl/portal/prensa/615/w3-article-82737.html) T1 Confirmed 25. 27 NZ Licensing, Authorisation & Market Access 2026-07-01 ### [FMA replaces Commerce Commission as regulator for CCCFA consumer credit from 1 July 2026; existing certified lenders auto-transition to FMA market-services licence.](https://payments.gi/jurisdictions/new-zealand/#mb-w1a) [Financial Markets Authority](https://www.fma.govt.nz/news/all-releases/media-releases/credit-transfer-creates-single-conduct-regulator) T1 Confirmed 26. 28 US-KS Licensing, Authorisation & Market Access 2026-07-01 ### [HB 2591 amends the KMTA so virtual-currency kiosk operation is deemed money transmission requiring licensure, effective July 1, 2026.](https://payments.gi/jurisdictions/united-states-kansas/#mb-w1a) [Kansas Register (Secretary of State)](https://sos.ks.gov/publications/Register/Volume-45/Issues/Issue-18/04-30-26-54119.html) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D5 27. 29 US-LA Licensing, Authorisation & Market Access 2026-07-01 ### [LMTA (Act 888/HB1230) repeals the 1966 money-transmission statute and enacts a CSBS-model NMLS-based licensing regime, effective 2026-07-01.](https://payments.gi/jurisdictions/united-states-louisiana/#mb-w1a) [Louisiana Legislature (House Legislative Services digest, HB 1230)](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1458003) T1 Confirmed 28. 30 CA Industry Structure & Commercial Dynamics 2026-06-27 ### [Consumer-Driven Banking Act (CDBA) received Royal Assent 26 March 2026 as part of Bill C-15, shifting open-banking oversight from FCAC to the Bank of Canada; proposed Consumer-Driven Banking Regulations gazetted 27 June 2026 (comment period closed 26 August 2026); Big Six…](https://payments.gi/jurisdictions/canada/#mb-w6) [Canada Gazette, Part I](https://gazette.gc.ca/rp-pr/p1/2026/2026-06-27/html/reg3-eng.html) T1 Confirmed 29. 31 EC Licensing, Authorisation & Market Access 2026-06-18 ### [BCE issued Resolución JPRFM-2026-029-M (18 Jun 2026) amending real-time-payment and payment-key definitions and confirming BCE as sole inter-network clearer once the SIP is enabled; BCE-GG-008-2025 sets cybersecurity/connection standards for the SIP/RPI.](https://payments.gi/jurisdictions/ecuador/#mb-w1a) [Junta de Política y Regulación Financiera y Monetaria](https://www.bce.fin.ec/storage/JPRFM/resoluciones/JPRFM-2026-029-M.pdf) T1 Confirmed 30. 32 US-NY Stablecoins & Digital Money 2026-06-09 ### [NYDFS proposed 23 NYCRR Part 202 to align its stablecoin regime with the federal GENIUS Act, adding reserve-concentration limits and risk-management-program requirements. Note: this module (w2_stablecoins_digital_money) is subscribed from crypto; this WPM row carries only the…](https://payments.gi/jurisdictions/united-states-new-york/#mb-w2) [New York Department of Financial Services](https://www.dfs.ny.gov/apps_and_licensing/money_transmitters) T1 Confirmed 31. 33 SA Product Innovation & Market Development 2026-05-27 ### [SAMA launched new e-commerce payments interface (7 July 2025); CMA consulting on FinTech ExPermit updates (closing 27 May 2026); REGA/CMA jointly supervised first title-deed tokenization pilot (November 2025).](https://payments.gi/jurisdictions/saudi-arabia/#mb-w9) [Saudi Exchange (Tadawul)](https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/news-detail-wcm/?newsId=9356&locale=en) T1 Confirmed 32. 34 KE Licensing, Authorisation & Market Access 2026-05-15 ### [High Court confirmed wide CBK PSP jurisdiction under NPS Act 2011; non-resident fintechs must incorporate locally, no foreign-licence recognition.](https://payments.gi/jurisdictions/kenya/#mb-w1a) [Central Bank of Kenya (CBK)](https://www.centralbank.go.ke/wp-content/uploads/2026/06/Directory-of-Authorized-Payment-Service-Providers-15th-May-2026.pdf) T1 Confirmed 33. 35 SG Licensing, Authorisation & Market Access 2026-05-14 ### [MAS revoked BSQ's Major Payment Institution licence (effective 14 May 2026); DTSP regime for offshore-only entities remains a high-bar, default-non-issuance lane since 30 June 2025.](https://payments.gi/jurisdictions/singapore/#mb-w1a) [Monetary Authority of Singapore](https://www.mas.gov.sg/news/media-releases/2024/mas-expands-scope-of-regulated-payment-services) T1 Confirmed Also tracked by crypto:consumer_protection 34. 36 US-UT Licensing, Authorisation & Market Access 2026-05-06 ### [HB72 enacts Title 13 Ch. 82 kiosk registration; SB173's alternative DFI-licensing route status unconfirmed; general MTL net-worth minimum $1M standing.](https://payments.gi/jurisdictions/united-states-utah/#mb-w1a) [Utah State Legislature](https://le.utah.gov/Session/2026/bills/enrolled/HB0072.pdf) T1 Confirmed Also tracked by crypto:consumer_protection 35. 37 KZ Licensing, Authorisation & Market Access 2026-05-01 ### [From 1 May 2026, crypto-exchange operators require an NBK licence and DFA trading-platform operators complete NBK registration under the Digital Assets Law; the AIFC retains a parallel AFSA-licensed regime.](https://payments.gi/jurisdictions/kazakhstan/#mb-w1a) [National Bank of Kazakhstan](https://nationalbank.kz/en/news/informacionnye-soobshcheniya/19193) T1 Confirmed Also tracked by crypto:crypto_licensing 36. 38 MH Correspondent Banking, Settlement & Access 2026-04-22 ### [Baseline established: correspondent-banking access is RMI's most acute payments vulnerability (~700 CBRs lost since 2008; sole remaining CBR under threat since 2014); FDIC final rule (eff. 22 Apr 2026) clarifies deposit-insurance coverage.](https://payments.gi/jurisdictions/marshall-islands/#mb-w12) [Federal Register (U.S. National Archives)](https://www.federalregister.gov/documents/2026/03/23/2026-05652/clarification-of-deposit-insurance-coverage-for-branches-of-us-banks-in-the-federated-states-of) T1 Confirmed 37. 39 US-NE Payment Corridor Dynamics 2026-04-14 ### [LB838 imposes a 25% excise tax on remittance transfers to designated foreign-adversary countries via licensed money transmitters, operative July 1, 2026.](https://payments.gi/jurisdictions/united-states-nebraska/#mb-w5) [Nebraska Legislature — LB838 Slip Law](https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB838.pdf) T1 Confirmed 38. 40 US-WI Licensing, Authorisation & Market Access 2026-04-08 ### [2025 Act 226 creates a kiosk-specific licensing sub-track under Ch. 217 money-transmitter regime.](https://payments.gi/jurisdictions/united-states-wisconsin/#mb-w1a) [Wisconsin State Legislature](https://docs.legis.wisconsin.gov/document/acts/2025/226) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D5 39. 41 US-WV Licensing, Authorisation & Market Access 2026-04-01 ### [HB 5353 brings virtual currency kiosks within MTL licensure; SB 887 pending as companion amendment.](https://payments.gi/jurisdictions/united-states-west-virginia/#mb-w1a) [WV Legislature — HB 5353 text](https://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb5353+sub1.htm&yr=2026&sesstype=RS&i=5353) T1 Confirmed Also tracked by crypto:crypto_licensing, data-protection:sectoral_watch, financial-integrity:D5 40. 42 SA Licensing, Authorisation & Market Access 2026-03-26 ### [SAMA moved open banking from sandbox testing to formal licensing, granting first licences to two fintechs on 26 March 2026.](https://payments.gi/jurisdictions/saudi-arabia/#mb-w1a) [Saudi Press Agency](https://spa.gov.sa/en/N2546753) T1 Confirmed 41. 43 US-CT Conduct, Safeguarding & Financial Promotions 2026-03-09 ### [Active enforcement (March 2026 kiosk licence suspension) for Sec. 36a-613 disclosure/fee/refund violations.](https://payments.gi/jurisdictions/united-states-connecticut/#mb-w1b) [Connecticut Department of Banking](https://portal.ct.gov/dob/bulletin/2026/bulletin-3231-january-23-2026) T1 Confirmed 42. 44 NZ Payment Corridor Dynamics 2026-03-05 ### [Open-banking regulations under the Customer and Product Data Act 2025 came into force 1 December 2025, requiring the big-4 banks to expose standardised APIs; Commerce Commission's March 2026 letter records API v2.3 progress.](https://payments.gi/jurisdictions/new-zealand/#mb-w5) [Commerce Commission](https://www.comcom.govt.nz/assets/Documents/retail-payment-system/Retail-Payment-System-Open-banking-update-letter-5-March-2026.pdf) T1 Confirmed 43. 45 AR Licensing, Authorisation & Market Access 2026-03-02 ### [BCRA Com. A 8406 conditions access to the new Cobro con Transferencia service on PSP/Non-Financial Credit Provider registration; interim email-based habilitación accepted pending registry adequacy.](https://payments.gi/jurisdictions/argentina/#mb-w1a) [BCRA](https://www.bcra.gob.ar/archivos/Pdfs/comytexord/A8406.pdf) T1 Confirmed 44. 46 US-SD Industry Structure & Commercial Dynamics 2026-03-01 ### [Carlyle Group filed to acquire a controlling interest in MAI Trust Company (Sioux Falls); HRK Trust Company filed to surrender its charter.](https://payments.gi/jurisdictions/united-states-south-dakota/#mb-w6) [SD Division of Banking](https://dlr.sd.gov/banking/monthly_activity_reports/2026/MarchActivityReport.pdf) T1 Confirmed 45. 47 HK Licensing, Authorisation & Market Access 2026-02-13 ### [HKMA published consultation conclusions on Banking Ordinance enhancements and will introduce an amendment bill to LegCo in 2026; PSSVFO (Cap. 584) SVF-issuer licensing regime and s.33Q pecuniary-penalty power confirmed as standing architecture.](https://payments.gi/jurisdictions/hong-kong/#mb-w1a) [Hong Kong Monetary Authority](https://www.hkma.gov.hk/eng/news-and-media/press-releases/2026/02/20260213-5/) T1 Confirmed 46. 48 CN Correspondent Banking, Settlement & Access 2026-02-01 ### [PBOC revised CIPS business rules effective 1 Feb 2026: standardised account registration, settlement-fund ownership, liquidity/queue management, cancellation/return handling; mixed RTGS/net-settlement structure formalised; mandate expanded to offshore-RMB and foreign-currency…](https://payments.gi/jurisdictions/china-mainland/#mb-w12) [The State Council of China / english.www.gov.cn](https://english.www.gov.cn/news/202512/27/content_WS694f8842c6d00ca5f9a084c9.html) T1 Confirmed 47. 49 US-ME Licensing, Authorisation & Market Access 2026-01-31 ### [All existing Maine money-transmitter licensees must convert surety bonds to Electronic Surety Bonds via NMLS by 2026-01-31; virtual currency kiosk operators are now a distinct licensed sub-category under 32 M.R.S. c.80 (PL 2025, c.285).](https://payments.gi/jurisdictions/united-states-maine/#mb-w1a) [Maine Bureau of Consumer Credit Protection](https://www.maine.gov/pfr/consumercredit//industry/licensing/money_transmitter.htm) T1 Confirmed 48. 50 LV Licensing, Authorisation & Market Access 2026-01-06 ### [Specialised credit institution licence class introduced (EUR 1M capital vs EUR 5M for full bank licence), in force 6 January 2026; Latvijas Banka reports 15 firms in active licensing and 29 in pre-licensing consultation.](https://payments.gi/jurisdictions/latvia/#mb-w1a) [Chambers and Partners](https://chambers.com/content/item/7393) T1 Confirmed 49. 51 US-ME Correspondent Banking, Settlement & Access 2026-01-05 ### [Bitcoin Depot's January 2026 consent agreement tied kiosk market access directly to obtaining a Maine money-transmitter licence.](https://payments.gi/jurisdictions/united-states-maine/#mb-w12) [Maine Bureau of Consumer Credit Protection](https://www.maine.gov/pfr/consumercredit//enforcement/bitcoindepot/20260105_bitcoindepot_press.pdf) T1 Confirmed 50. 52 CO Conduct, Safeguarding & Financial Promotions 2026-01-01 ### [BanRep tightened incident-transparency and user-notification obligations for Bre-B participants in 2026.](https://payments.gi/jurisdictions/colombia/#mb-w1b) [Banco de la República](https://www.banrep.gov.co/en/news/new-regulatory-measures-bre-b) T1 Confirmed 51. 53 CO Payment Corridor Dynamics 2026-01-01 ### [Bre-B scaled to 218 participating entities by January 2026 and over 500 million transactions / 100 million payment keys by mid-2026.](https://payments.gi/jurisdictions/colombia/#mb-w5) [Banco de la República](https://www.banrep.gov.co/en/blog/bre-b-brief-history-interoperated-instant-payment-system) T1 Confirmed 52. 54 MA Payment Corridor Dynamics 2026-01-01 ### [IGOC 2026 (in force 1 Jan 2026) liberalises repatriation, M&A guarantee and digital-business FX access rules while preserving capital-account controls.](https://payments.gi/jurisdictions/morocco/#mb-w5) [Office des Changes](https://www.oc.gov.ma/en/actualites/publication-de-l-instruction-generale-des-operations-de-change-2026) T1 Confirmed 53. 55 US-MN Licensing, Authorisation & Market Access 2026-01-01 ### [Virtual-currency disclosure rules (eff Jan 1 2026) and new kiosk-operation prohibition (eff Aug 1 2026) both enacted under Minn. Stat. ch. 53B.](https://payments.gi/jurisdictions/united-states-minnesota/#mb-w1a) [Minnesota Department of Commerce](https://mn.gov/commerce/money/non-depository/money-services-business/) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D5 54. 56 PT Licensing, Authorisation & Market Access 2025-12-31 ### [PSD3/PSR provisional political agreement (Nov 2025) reached national-representative approval stage 22 April 2026; PSD2 (DL 91/2018) remains in force pending transposition.](https://payments.gi/jurisdictions/portugal/#mb-w1a) [Banco de Portugal — Report on Payment Systems 2025](https://www.bportugal.pt/en/publicacao/report-payment-systems-2025) T1 Confirmed 55. 57 MH Stablecoins & Digital Money 2025-12-04 ### [Baseline established: 2018 Sovereign Currency Act repealed Aug 2025; Lomalo/USDM1 launched Nov-Dec 2025 as US-Treasury-collateralised digital sovereign bond; IMF opposes further global scaling.](https://payments.gi/jurisdictions/marshall-islands/#mb-w2) [International Monetary Fund](https://www.imf.org/en/news/articles/2025/12/04/pr-25406-republic-of-the-marshall-islands-imf-concludes-2025-article-iv-consultation) T1 Confirmed 56. 58 NZ Scheme & Network Compliance 2025-12-01 ### [Mastercard and Visa Interchange Fee Network Standard 2025 revoked and replaced the initial pricing standard under the Retail Payment System Act 2022 from 1 December 2025, saving NZ businesses an estimated NZD90 million annually.](https://payments.gi/jurisdictions/new-zealand/#mb-w4) [Commerce Commission](https://www.comcom.govt.nz/regulated-industries/projects/retail-payment-system/) T1 Confirmed 57. 59 MX Correspondent Banking, Settlement & Access 2025-11-13 ### [FinCEN's proposed Section 311 special measure against ten MX gambling establishments would prohibit correspondent accounts for foreign banks processing their transactions; FinCEN's amended CIBanco order permits only wind-down transactions.](https://payments.gi/jurisdictions/mexico/#mb-w12) [Federal Register / FinCEN](https://www.federalregister.gov/documents/2025/11/17/2025-19927/proposal-of-special-measure-regarding-transactions-involving-ten-mexican-gambling-establishments-as) T1 Confirmed Also tracked by financial-integrity:D1 58. 60 US-OK Licensing, Authorisation & Market Access 2025-11-01 ### [Full recodification of Oklahoma money-transmission licensing regime (HB 3521) effective 2026-11-01, raising renewal fee to $3,000 and introducing $4,000 change-of-control fee; digital asset kiosk operators required to hold a money transmitter license since Nov 2025.](https://payments.gi/jurisdictions/united-states-oklahoma/#mb-w1a) [Oklahoma State Banking Department](https://oklahoma.gov/banking/forms/money-transmitters.html) T1 Confirmed Also tracked by financial-integrity:D5 59. 61 IN Licensing, Authorisation & Market Access 2025-09-15 ### [RBI's consolidated PA Directions 2025 (effective 15 Sept 2025) rationalise PA-O/PA-CB/PA-P categories with rolling compliance deadlines through 2026: PA-P wind-up by 28 Feb 2026 absent authorisation application, CKYCR merchant KYC mandatory from 1 Jan 2026, extended CDD…](https://payments.gi/jurisdictions/india/#mb-w1a) [AZB & Partners](https://www.azbpartners.com/bank/rbi-issues-consolidated-reserve-bank-of-india-regulation-of-payment-aggregators-directions-2025/) T1 Confirmed 60. 62 CA-QC Licensing, Authorisation & Market Access 2025-09-08 ### [RPAA registration in force since 1 Nov 2024; risk-management/safeguarding requirements in force 8 Sept 2025; first PSP annual report due 31 Mar 2026; Quebec MSBA licence layers on top for MSB-classified PSPs.](https://payments.gi/jurisdictions/canada-quebec/#mb-w1a) [Bank of Canada](https://www.bankofcanada.ca/regulatory-oversight/retail-payments/) T1 Confirmed 61. 63 US-NE Licensing, Authorisation & Market Access 2025-09-03 ### [General MTL regime absorbed three targeted amendments (LB609 crypto-kiosk licensing, LB717 digital-asset-depository cross-references, LB838 foreign-adversary eligibility bar plus 25% remittance excise tax).](https://payments.gi/jurisdictions/united-states-nebraska/#mb-w1a) [Nebraska Dept. of Banking and Finance](https://ndbf.nebraska.gov/about/legal/controllable-electronic-record-fraud-prevention-act) T1 Confirmed 62. 64 US-PA Licensing, Authorisation & Market Access 2025-08-26 ### [Act 7 of 2025 expands PA's money-transmitter law to cover virtual-currency transmission; DoBS rescinded its 2024 interpretive Statement of Policy as redundant.](https://payments.gi/jurisdictions/united-states-pennsylvania/#mb-w1a) [PA Department of Banking and Securities](https://www.pa.gov/agencies/dobs/newsroom/dobs-regulating-virtual-currency-transmitters-thanks-to-new-bipa) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D5 63. 65 US-ND Operational Resilience & Critical Infrastructure 2025-08-01 ### [2025 HB 1127 created ch. 13-01.2, the first ND-specific operational-resilience/cyber mandate reaching payments nonbanks, with a 45-day/≥500-consumer DFI breach-notification trigger.](https://payments.gi/jurisdictions/united-states-north-dakota/#mb-w3) [HB 1127 (2025) bill overview](https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1127.html) T1 Confirmed Also tracked by financial-integrity:D6 64. 66 US-DC Product Innovation & Market Development 2025-07-18 ### [GENIUS Act stablecoin framework mid-rulemaking: OCC NPRM (Feb 2026), FDIC NPRM (Apr 2026), Treasury NPRM (Aug 2026, comment to Oct 19, 2026); substantive effect Jan 18, 2027 or 120 days after final rules.](https://payments.gi/jurisdictions/united-states-district-of-columbia/#mb-w9) [OCC](https://www.occ.gov/news-issuances/bulletins/2026/bulletin-2026-3.html) T1 Confirmed 65. 68 DK Correspondent Banking, Settlement & Access 2025-04-01 ### [From April 2025, EMIs and PIs may become direct settlement account holders at Danmarks Nationalbank for instant-payment settlement, widening direct access to Danish payment infrastructure.](https://payments.gi/jurisdictions/denmark/#mb-w12) [Danmarks Nationalbank](https://www.nationalbanken.dk/en/what-we-do/safe-and-efficient-payments/new-types-of-account-holders-at-danmarks-nationalbank) T1 Confirmed 66. 69 EEA Operational Resilience & Critical Infrastructure 2025-02-20 ### [DORA fully in force EEA-wide since 1 July 2025; Norway and Liechtenstein enacted national implementing legislation.](https://payments.gi/jurisdictions/european-economic-area/#mb-w3) [EFTA — Joint Committee financial-services decisions](https://www.efta.int/media-resources/news/eea-joint-committee-adopts-three-decisions-financial-services) T1 Confirmed 67. 70 PK Operational Resilience & Critical Infrastructure 2025-01-01 ### [SBP Technology Risk Management Framework for Payment Institutions sets cyber-risk-control, governance and incident-reporting requirements, 31 March 2026 compliance deadline; Raast Participation Criteria set requirements for direct scheme participants.](https://payments.gi/jurisdictions/pakistan/#mb-w3) [State Bank of Pakistan — Payment Systems Department](https://dnb.sbp.org.pk/departments/psd.htm) T1 Confirmed 68. 71 FR Payment Corridor Dynamics 2024-12-01 ### [Wero has replaced Paylib as the operative P2P rail in France; e-commerce pilot expanded since spring 2026; EuroPA interoperability agreement (Feb 2026) with Bizum, Bancomat Pay, MB WAY and Vipps MobilePay.](https://payments.gi/jurisdictions/france/#mb-w5) [Banque de France — Wero explainer page](https://www.banque-france.fr/fr/a-votre-service/particuliers/mieux-connaitre-moyens-paiement/wero) T1 Confirmed 69. 72 UA Payment Corridor Dynamics 2024-12-01 ### [SEP 4.1 launched December 2024 enabling instant credit transfers implementing EU Regulation 2024/886; Ukraine declared SEPA-accession intent June 2025, conditioned on AML-strengthening and a full bank-account register.](https://payments.gi/jurisdictions/ukraine/#mb-w5) [National Bank of Ukraine](https://bank.gov.ua/en/payments/ips) T1 Confirmed 70. 73 CA Licensing, Authorisation & Market Access 2024-11-01 ### [RPAA registration provisions (1 Nov 2024) and risk-management/funds-safeguarding requirements (8 Sep 2025) are now fully in force; Bank of Canada launched a public PSP registry in October 2025; RPAA statute last amended 26 March 2026 via Bill C-15.](https://payments.gi/jurisdictions/canada/#mb-w1a) [Bank of Canada](https://www.bankofcanada.ca/core-functions/retail-payments-supervision/retail-payments-supervision-key-milestones/) T1 Confirmed 71. 74 US-NH Licensing, Authorisation & Market Access 2024-10-22 ### [RSA 399-G revised by HB 1241; transition expires 2026-01-01; HB 639 exempts node operators/miners/stakers.](https://payments.gi/jurisdictions/united-states-new-hampshire/#mb-w1a) [New Hampshire Banking Department](https://www.banking.nh.gov/news-and-media/new-hampshire-banking-department-announcement-regarding-hb-1241-relating-money) T1 Confirmed 72. 75 US-MO Licensing, Authorisation & Market Access 2024-08-28 ### [MTMA (Mo. Rev. Stat. §§361.900-361.1035) took effect 28 Aug 2024, replacing the Sale of Checks Law; Missouri uses NMLS and is one of only three US jurisdictions with no surety-bond requirement.](https://payments.gi/jurisdictions/united-states-missouri/#mb-w1a) [Missouri Revisor of Statutes](https://revisor.mo.gov/main/OneSection.aspx?section=361.900&bid=54878) T1 Confirmed 73. 76 US-MO Conduct, Safeguarding & Financial Promotions 2024-08-28 ### [MTMA's purpose clause frames safety/soundness modernisation as a statutory objective; licensure expects evidence of FinCEN MSB registration as a conduct/AML-adjacent condition.](https://payments.gi/jurisdictions/united-states-missouri/#mb-w1b) [Missouri Revisor of Statutes](https://revisor.mo.gov/main/OneSection.aspx?section=361.903&bid=54879) T1 Confirmed 74. 77 US-SC Licensing, Authorisation & Market Access 2024-07-02 ### [S.163 signed (crypto/CBDC carve-outs to MTL); H.4592 (kiosk MTL) and H.4251 (immigration-fund transfer fee) pending.](https://payments.gi/jurisdictions/united-states-south-carolina/#mb-w1a) [South Carolina Attorney General](https://www.scag.gov/inside-the-office/legal-services-division/money-services/) T1 Confirmed 75. 78 HR Payment Corridor Dynamics 2024-04-13 ### [EU Instant Payments Regulation (EU) 2024/886 binding on Croatian PSPs: mandatory receipt of SEPA Instant Credit Transfers from 9 Jan 2025, mandatory sending from 9 Oct 2025, €100,000 per-transaction cap; settled via TARGET-HR/TIPS.](https://payments.gi/jurisdictions/croatia/#mb-w5) [EUR-Lex — Regulation (EU) 2024/886 (Instant Payments Regulation)](https://eur-lex.europa.eu/eli/reg/2024/886/oj) T1 Confirmed 76. 79 US-ND Licensing, Authorisation & Market Access 2023-08-01 ### [MTMA ch. 13-09.1 confirmed as operative money-transmission licensing regime, with a distinct virtual-currency fee formula; legacy ch. 13-09 repealed 2023.](https://payments.gi/jurisdictions/united-states-north-dakota/#mb-w1a) [ND Century Code ch. 13-09.1 (Money Transmitters)](https://ndlegis.gov/cencode/t13c09-1.pdf) T1 Confirmed Also tracked by crypto:crypto_licensing 77. 80 BD Licensing, Authorisation & Market Access 2022-02-15 ### [New card-to-MFS cash-out linkage security rules effective 1 August 2026.](https://payments.gi/jurisdictions/bangladesh/#mb-w1a) [Bangladesh Bank, Payment Systems Department](https://www.bb.org.bd/mediaroom/circulars/psd/feb152022psd04e.pdf) T1 Confirmed 78. 81 ID Payment Corridor Dynamics 2022-01-01 ### [QRIS domestic volume surged 100% YoY to 12.55bn transactions H1 2026; BI launched live cross-border QRIS service with China (30 Apr 2026) under the '17-8-45' 2026 roadmap.](https://payments.gi/jurisdictions/indonesia/#mb-w5) [Bank Indonesia](https://www.bi.go.id/en/fungsi-utama/sistem-pembayaran/ritel/kanal-layanan/qris/default.aspx) T1 Confirmed 79. 82 US-TX Correspondent Banking, Settlement & Access 2022-01-01 ### [DOB continues active enforcement against unlicensed money transmission, including a 2022 consent order against Brex Treasury LLC, and has clarified 'authorized delegate' criteria relevant to agent/correspondent payment arrangements.](https://payments.gi/jurisdictions/united-states-texas/#mb-w12) [Texas Department of Banking](https://www.dob.texas.gov/sites/default/files/files/Laws-Regulations/orders/2022-006.pdf) T1 Confirmed 80. 83 KM-M Licensing, Authorisation & Market Access 2020-12-29 ### [BCC confirmed sole Union-level licensing authority; MISA formally disavowed as having no legal standing.](https://payments.gi/jurisdictions/comoros-moheli-mwali/#mb-w1a) [Banque Centrale des Comores](https://banque-comores.km/page/show/les-lois-et-decrets) T1 Confirmed 81. 84 MH Licensing, Authorisation & Market Access 2020-09-23 ### [Baseline established: Banking Act 1987 Cabinet-approved licensing regime for banks/FSPs, with Monetary Authority Act 2025 (MIMA) creating a consolidated regulator in transition.](https://payments.gi/jurisdictions/marshall-islands/#mb-w1a) [Republic of the Marshall Islands Judiciary (RMI Courts)](https://rmicourts.org/wp-content/uploads/2020/11/Banks-and-FSPs-Licensing-Regulations-Final-9-23-2020.pdf) T1 Confirmed 82. 85 US-DC Legal & Litigation 2020-06-08 ### [DC's data-breach notification statute (D.C. Code § 28-3852) sets a 50-resident AG-notification threshold with a private right of action, materially relevant to PSP incident-response obligations.](https://payments.gi/jurisdictions/united-states-district-of-columbia/#mb-w7) [D.C. Law Library — DC Code § 28-3852](https://code.dccouncil.gov/us/dc/council/code/sections/28-3852) T1 Confirmed 83. 86 NO Licensing, Authorisation & Market Access 2019-02-15 ### [PSD3/PSR compromise text approved for COREPER sign-off 23 April 2026, set to repeal PSD2/EMD2 EEA-wide once in force (~2027-2028), a future EEA-incorporation horizon item for Norway.](https://payments.gi/jurisdictions/norway/#mb-w1a) [Finanstilsynet](https://www.finanstilsynet.no/globalassets/laws-and-regulations/laws/regulations-on-payment-services-systems.pdf) T1 Confirmed 84. 87 BZ Licensing, Authorisation & Market Access 2017-02-03 ### [Baseline established: dual CBB (NPSA)/FSC (FSC Act 2023) licensing tracks confirmed as concurrent and non-overlapping.](https://payments.gi/jurisdictions/belize/#mb-w1a) [Central Bank of Belize](https://www.centralbank.org.bz/about-the-bank/laws-and-regulations/national-payment-system-act) T1 Confirmed 85. 88 AG AML/CFT & Financial Crime date pending ### [MLPA 1996 baseline confirmed; AG preparing for CFATF Fifth Round Mutual Evaluation (Sentinel-fed).](https://payments.gi/jurisdictions/antigua-and-barbuda/#mb-w11) [Office of National Drug and Money Laundering Control Policy (Antigua and Barbuda)](https://ondcp.gov.ag/laws/statutes) T1 Confirmed 86. 89 AG Licensing, Authorisation & Market Access date pending ### [PSSA 2025 enacted; commencement pending Ministerial Gazette notice.](https://payments.gi/jurisdictions/antigua-and-barbuda/#mb-w1a) [Government of Antigua and Barbuda (Laws.gov.ag)](https://laws.gov.ag/wp-content/uploads/2025/09/No.-13-of-2025-Payment-Systems-and-Services-Act-2025.pdf) T1 Confirmed 87. 90 AG Stablecoins & Digital Money date pending ### [ECCB suspended DCash 2.0 development per 4 May 2026 communique.](https://payments.gi/jurisdictions/antigua-and-barbuda/#mb-w2) [Financial Services Regulatory Commission (Antigua and Barbuda)](https://www.fsrc.gov.ag/images/pdf/digital-assets/No.-16-of-2020-Digital-Assets-Business-Act-2020.pdf) T1 Confirmed 88. 91 CH Licensing, Authorisation & Market Access date pending ### [FinIA reform consultation (closed 6 Feb 2026) proposes replacing Art. 1b fintech licence with payment-instrument-institution and crypto-institution categories.](https://payments.gi/jurisdictions/switzerland/#mb-w1a) [FINMA](https://www.finma.ch/en/authorisation/fintech/fintech-bewilligung/) T1 Confirmed 89. 92 GH Licensing, Authorisation & Market Access date pending ### [Fincra secured an EPSP licence (6 May 2026), enabling direct processing across MTN MoMo, Telecel and AirtelTigo rails; BoG's approved EMI list includes Airtel Mobile Commerce, GCB G-Money, Vodafone Mobile Financial Services, Yup Ghana and Zeepay Ghana.](https://payments.gi/jurisdictions/ghana/#mb-w1a) [Bank of Ghana](https://www.bog.gov.gh/news/list-of-approved-electronic-money-issuers-and-payment-service-providers/) T1 Confirmed 90. 93 KM-M Conduct, Safeguarding & Promotions date pending ### [BCC issued a live unauthorised-provider warning against Huri Money e-money service.](https://payments.gi/jurisdictions/comoros-moheli-mwali/#mb-w1b) [Banque Centrale des Comores](http://www.banque-comores.km/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=62&cntnt01origid=60&cntnt01returnid=114) T1 Confirmed 91. 94 MH AML/CFT & Financial Crime date pending ### [Sentinel-fed baseline established: APG member, not on FATF grey/black list; core AML measures date to early 2000s; IMF urges AML/CFT strengthening to preserve correspondent banking.](https://payments.gi/jurisdictions/marshall-islands/#mb-w11) [FATF / Asia-Pacific Group on Money Laundering (APG)](https://www.fatf-gafi.org/en/publications/Mutualevaluations/Marshall-Islands-MER-APG-2024.html) T1 Confirmed 92. 95 SK Licensing, Authorisation & Market Access date pending ### [PSD3/PSR reached Council 'I' Item Note stage 17 April 2026 and national-representative approval 22 April 2026; national transposition expected 2027-2028.](https://payments.gi/jurisdictions/slovakia/#mb-w1a) [Národná banka Slovenska (NBS)](https://nbs.sk/en/financial-market-supervision1/supervision/payment-services-and-electronic-money/) T1 Confirmed 93. 96 US-AK Licensing, Authorisation & Market Access date pending ### [AK DBS imposes a $500,000 electronic surety bond specifically on virtual-currency MTL applicants.](https://payments.gi/jurisdictions/united-states-alaska/#mb-w1a) [Alaska Division of Banking & Securities](https://www.commerce.alaska.gov/web/Portals/3/pub/Money%20Transmitter%20Application%20Checklist%20Rev%20-%2020250505.pdf) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D7 94. 97 US-IL Licensing, Authorisation & Market Access date pending ### [IDFPR's proposed DACPA/DAKA rules exempt in-scope digital-asset activity from the general money-transmitter regime, creating a dedicated licensing track with full licensing deferred to July 1, 2027.](https://payments.gi/jurisdictions/united-states-illinois/#mb-w1a) [IDFPR](https://idfpr.illinois.gov/banks/digital-assets.html) T1 Confirmed 95. 98 US-NC Licensing, Authorisation & Market Access date pending ### [H1029 would create a parallel stablecoin-issuer licence track (Article 27) exempting issuers from the general MTA licence, plus authorize state-chartered banks to offer digital-asset custody/staking (Article 26).](https://payments.gi/jurisdictions/united-states-north-carolina/#mb-w1a) [NC Office of the Commissioner of Banks](https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitters-licensing-information) T1 Confirmed 96. 99 US-NM Licensing, Authorisation & Market Access date pending ### [NM confirms virtual-currency exchange captured under the general MTL regime with $300,000 minimum surety bond.](https://payments.gi/jurisdictions/united-states-new-mexico/#mb-w1a) [New Mexico Regulation and Licensing Department, Financial Institutions Division](https://www.rld.nm.gov/financial-institutions/about-us/faqs/) T1 Confirmed Also tracked by crypto:crypto_licensing 97. 100 US-OH Licensing, Authorisation & Market Access date pending ### [HB648 would extend OMTA licensing to digital-asset kiosk operators.](https://payments.gi/jurisdictions/united-states-ohio/#mb-w1a) [Ohio Department of Commerce, Division of Financial Institutions](https://com.ohio.gov/divisions-and-programs/financial-institutions/money-transmitters/money-transmitters) T1 Confirmed 98. 101 US-SD Licensing, Authorisation & Market Access date pending ### [SB98 (effective 2026-07-01) brings virtual-currency kiosk operators explicitly within the SDCL 51A-17 MTL framework with new anti-fraud, licensure and quarterly-reporting obligations.](https://payments.gi/jurisdictions/united-states-south-dakota/#mb-w1a) [SD Division of Banking](https://dlr.sd.gov/banking/legal/documents/11_002_virtual_currency_transmission_in_sd.pdf) T1 Confirmed Also tracked by crypto:crypto_licensing 99. 102 US-WY Licensing, Authorisation & Market Access date pending ### [Division of Banking drafting interstate MTL-reciprocity legislation for SPDI charter-holders.](https://payments.gi/jurisdictions/united-states-wyoming/#mb-w1a) [Wyoming Division of Banking](https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/special-purpose-depository-institutions) T1 Confirmed Also tracked by crypto:crypto_licensing 100. 103 SG Product Innovation & Market Development 2026-09-21 ### [MAS/ABS published Phase 1 findings of the PayNow Generation 2 study, scoping request-to-pay, structured reconciliation fields, a micro-payments rail, expanded cross-border connectivity and agentic-commerce functionality for Phase 2.](https://payments.gi/jurisdictions/singapore/#mb-w9) [Monetary Authority of Singapore](https://www.mas.gov.sg/news/media-releases/2026/mas-and-abs-chart-instant-payments-enhancements-with-paynow-generation-2-study) T1 Confirmed ## Regulatory horizon - AE [DeFi/DEX/Web3 legal-track transition window closes](https://payments.gi/jurisdictions/united-arab-emirates/) closed 2026-09 quarter - AR [New monthly instant-transfer reporting regime first due date](https://payments.gi/jurisdictions/argentina/) 2026-09-22 quarter - AT [IBAN-name check extension to all transfer rails](https://payments.gi/jurisdictions/austria/) 2027 year - AU [RBA to publish regulatory-priorities list (Review of Payments System Regulation)](https://payments.gi/jurisdictions/australia/) 2026-Q4 quarter - AU [RBA further consultation on prioritised payments-system-regulation issues](https://payments.gi/jurisdictions/australia/) 2027-Q2 half year - AU [ASIC digital-asset no-action position expiry / AFS licensing deadline](https://payments.gi/jurisdictions/australia/) 2026-09-30 quarter - AU [Corporations Amendment (Digital Assets Framework) Act 2026 full commencement](https://payments.gi/jurisdictions/australia/) 2027-04-09 quarter - AU [Civil/criminal penalty exposure begins for non-compliant digital-asset firms](https://payments.gi/jurisdictions/australia/) 2026-10-01 quarter - BD [Card-to-MFS cash-out linkage rules take effect](https://payments.gi/jurisdictions/bangladesh/) closed 2026-08-01 quarter - BE [PSD3/PSR final political agreement expected](https://payments.gi/jurisdictions/belgium/) 2026-Q2 half year - BG [PSD3/PSR finalisation and application expected](https://payments.gi/jurisdictions/bulgaria/) 2026-Q4 half year - CA [Consumer-Driven Banking Regulations comment period closes](https://payments.gi/jurisdictions/canada/) closed 2026-08-26 quarter - CA [Open banking Phase 1 (read-access) targeted launch](https://payments.gi/jurisdictions/canada/) 2026-Q4 half year - CA [Open banking Phase 2 (write-access/payment-initiation) targeted launch](https://payments.gi/jurisdictions/canada/) 2027-Q2 year - CA-AB [RPAA crypto/private-key scope amendments commencement](https://payments.gi/jurisdictions/canada-alberta/) 2027-Q1 year - CA-AB [Real-Time Rail (RTR) target launch](https://payments.gi/jurisdictions/canada-alberta/) 2026-Q4 half year - CA-AB [Open banking (Consumer-Driven Banking) read-access target](https://payments.gi/jurisdictions/canada-alberta/) closed 2026 year - CA-BC [RTR launch (Real-Time Rail)](https://payments.gi/jurisdictions/canada-british-columbia/) 2026-Q4 half year - CA-ON [RPAA payment-function scope expansion (encrypted/tokenized transmission)](https://payments.gi/jurisdictions/canada-ontario/) closed 2026-03-26 quarter - CA-ON [Stablecoin Act coming-into-force order](https://payments.gi/jurisdictions/canada-ontario/) 2027 multi year - CA-QC [First PSP annual report due under RPAA](https://payments.gi/jurisdictions/canada-quebec/) closed 2026-03-31 quarter - CA-QC [Real-Time Rail completion targeted](https://payments.gi/jurisdictions/canada-quebec/) 2026-Q4 year - CH [FinIA reform licence categories expected in force](https://payments.gi/jurisdictions/switzerland/) 2027-Q1 year - CI [PI-SPI mandatory connection deadline](https://payments.gi/jurisdictions/ivory-coast-uemoa-bloc/) 2026-09-30 quarter - CL [Open Finance System full entry into force](https://payments.gi/jurisdictions/chile/) closed 2026-07-01 quarter - CM [CEMAC harmonised QR-code instant-payment standard](https://payments.gi/jurisdictions/cameroon/) 2026-Q4 half year - CO [Additional SPBVI operators (Drixi, Gou Payments) expected to join Bre-B](https://payments.gi/jurisdictions/colombia/) 2026-Q4 half year - CR [Fintech Framework Bill (file 24.429) floor progress](https://payments.gi/jurisdictions/costa-rica/) 2026-Q4 half year - CW [Curacao PSP supervision ordinance expected enactment](https://payments.gi/jurisdictions/curacao/) 2027-H1 year - CZ [CERTIS bulk instant payments (e.g. salary payments) targeted for 2026](https://payments.gi/jurisdictions/czech-republic/) 2026-Q4 half year - CZ [Mandatory cross-border euro instant payments for CZ domestic banks](https://payments.gi/jurisdictions/czech-republic/) 2027-07 year - CZ [Koruna-account euro instant payments mandate](https://payments.gi/jurisdictions/czech-republic/) 2028-06 year - CZ [PSD3/PSR expected implementation window](https://payments.gi/jurisdictions/czech-republic/) 2026-2027 year - DE [CRD VI third-country-branch authorisation requirement](https://payments.gi/jurisdictions/germany/) 2026-Q4 half year - DK [PSD3/PSR formal adoption expected](https://payments.gi/jurisdictions/denmark/) 2026-Q4 half year - DZ [Digital-payments consumer-protection text expected before end of 2026](https://payments.gi/jurisdictions/algeria/) 2026-Q4 half year - DZ [DZMobPay interoperability extension to 15 banks](https://payments.gi/jurisdictions/algeria/) closed 2026 year - DZ [Fintech regulatory sandbox targeted for 2026](https://payments.gi/jurisdictions/algeria/) closed 2026 year - EEA [PSD3/PSR publication in Official Journal](https://payments.gi/jurisdictions/european-economic-area/) 2026-Q3 half year - EEA [PSR/PSD3 realistic application window](https://payments.gi/jurisdictions/european-economic-area/) 2027-H2 year - EG [CBE PSO/PSP licensing transitional window ends](https://payments.gi/jurisdictions/egypt/) closed 2026-06 quarter - EG [FRA consumer-finance licensing suspension ends](https://payments.gi/jurisdictions/egypt/) 2027-02 quarter - EG [Khazna targets CBE digital-banking licence go-live](https://payments.gi/jurisdictions/egypt/) 2026-Q2 half year - ES [PSD3/PSR national transposition for Spain](https://payments.gi/jurisdictions/spain/) 2028-Q1 year - FI [SEPA Instant Credit Transfer mandatory sending in force](https://payments.gi/jurisdictions/finland/) closed 2025-10-09 quarter - FI [Finnish Gambling Act licensed market entry (payments surface)](https://payments.gi/jurisdictions/finland/) 2027-07-01 quarter - FR [PSD3/PSR formal OJ publication](https://payments.gi/jurisdictions/france/) 2026-Q2 half year - GG-ALD [Next MONEYVAL Mutual Evaluation of Guernsey](https://payments.gi/jurisdictions/guernsey-alderney/) 2027 year - GH [Draft Open Banking Directive expected to finalise](https://payments.gi/jurisdictions/ghana/) 2026-Q4 half year - GI [UK-GI transitional passporting arrangements expire](https://payments.gi/jurisdictions/gibraltar/) 2026-12-31 quarter - GI [FCA CASS 15 supplementary safeguarding regime commences](https://payments.gi/jurisdictions/gibraltar/) closed 2026-05-07 quarter - GIB [Gibraltar-UK transitional passporting extension expires](https://payments.gi/jurisdictions/gibraltar/) 2026-12-31 quarter - GIB [Permanent Gibraltar Authorisation Regime (GAR) operability](https://payments.gi/jurisdictions/gibraltar/) 2027 year - GIB [Gibraltar MONEYVAL 6th-round mutual evaluation](https://payments.gi/jurisdictions/gibraltar/) 2027 year - GIB [GFSC Consumer Duty scope expansion to all retail customers](https://payments.gi/jurisdictions/gibraltar/) 2027 half year - GR [EuroPA retail/POS interoperability phase](https://payments.gi/jurisdictions/greece/) 2027 year - HK [HKMA Banking Ordinance amendment bill to LegCo](https://payments.gi/jurisdictions/hong-kong/) 2026-Q4 half year - HR [EU Instant Payments Regulation fully in force for Croatian PSPs](https://payments.gi/jurisdictions/croatia/) closed 2025-10-09 quarter - HR [CCD2 BNPL obligations become applicable in Croatia](https://payments.gi/jurisdictions/croatia/) 2026-11-20 quarter - HU [PSD3/PSR transition period centred on 2026](https://payments.gi/jurisdictions/hungary/) 2026-Q4 half year - ID [BI QRIS '17-8-45' 2026 roadmap targets](https://payments.gi/jurisdictions/indonesia/) 2026-Q4 half year - IE [PSD3/PSR final texts published, PI/EMI merger pending](https://payments.gi/jurisdictions/ireland/) 2026-Q4 half year - IM [Manx banking sector industry outreach session on APP fraud framework](https://payments.gi/jurisdictions/isle-of-man/) 2026-Q3 quarter - IN [PA-P wind-up deadline for non-authorised entities](https://payments.gi/jurisdictions/india/) closed 2026-02-28 quarter - IN [Extended CDD remediation deadline for pre-2026 merchants](https://payments.gi/jurisdictions/india/) closed 2026-09-15 quarter - IN [UPI MDR reintroduction on eligible merchant transactions](https://payments.gi/jurisdictions/india/) 2026-10-15 quarter - IS [EU IPR EEA/Iceland incorporation date unconfirmed](https://payments.gi/jurisdictions/iceland/) 2027-Q1 multi year - IT [PSD3/PSR expected to enter force](https://payments.gi/jurisdictions/italy/) 2026-Q4 half year - JP [FIEA reclassification of crypto-assets as financial products](https://payments.gi/jurisdictions/japan/) 2027-Q1 half year - KH [NBC e-wallet notification deadline](https://payments.gi/jurisdictions/cambodia/) 2026-11-04 quarter - LA [MOIC E-Trust digital licensing platform takes effect](https://payments.gi/jurisdictions/laos/) closed 2026-02-01 quarter - LATAM [Brazil VASP grandfathering window closes](https://payments.gi/jurisdictions/latin-america/) 2026-10-30 quarter - LATAM [BCB non-bank Pix accreditation deadline](https://payments.gi/jurisdictions/latin-america/) closed 2026-05-01 quarter - LATAM [Pix Parcelado second-phase UX/operational rule](https://payments.gi/jurisdictions/latin-america/) 2026-12 quarter - LI [EEA MiCAR Implementation Act takes effect for Liechtenstein](https://payments.gi/jurisdictions/liechtenstein/) closed 2025-02-01 quarter - LU [CSSF Circular 26/906 governance requirements become applicable](https://payments.gi/jurisdictions/luxembourg/) closed 2026-06-30 quarter - LU [Instant Payments Regulation applies to PIs/EMIs](https://payments.gi/jurisdictions/luxembourg/) 2027-04-09 year - LU [PSD3/PSR transition window and re-authorisation](https://payments.gi/jurisdictions/luxembourg/) 2026-Q4 year - MM [Reported CBM overseas mobile-wallet geo-block directive](https://payments.gi/jurisdictions/myanmar/) closed 2026-08-28 quarter - MO [Macau Tax Code amendment takes effect](https://payments.gi/jurisdictions/macau-sar/) closed 2026-01 quarter - MX [SPEI usability-harmonisation Circular full compliance deadline](https://payments.gi/jurisdictions/mexico/) 2026-12-14 quarter - MX [FinCEN Section 311 special measure decision on MX gambling establishments](https://payments.gi/jurisdictions/mexico/) 2026-Q4 quarter - MX [Treasury advisory on remittance red-flag typologies (E.O. 14406)](https://payments.gi/jurisdictions/mexico/) closed 2026-07-18 quarter - MY [BNM TR PD substantive compliance deadline](https://payments.gi/jurisdictions/malaysia/) 2027-03-12 quarter - NG [PSSP/Switching TMS integration deadline](https://payments.gi/jurisdictions/nigeria/) 2026-Q3 quarter - NG [Payments-sector restructuring deadline (UBO/ownership concentration)](https://payments.gi/jurisdictions/nigeria/) 2026-12 quarter - NG [Payments data-localisation deadline](https://payments.gi/jurisdictions/nigeria/) 2027-01 quarter - NG [POS agent geo-tagging/location-compliance tightening](https://payments.gi/jurisdictions/nigeria/) closed 2026-04 quarter - NL [PSD3/PSR formal adoption and transposition window](https://payments.gi/jurisdictions/netherlands/) 2026-Q4 year - NO [PSD3/PSR EEA-wide entry into force expected](https://payments.gi/jurisdictions/norway/) 2027-2028 multi year - NP [NRB digital-rupee (CBDC) full rollout targeted](https://payments.gi/jurisdictions/nepal/) 2026-Q4 year - PA [Draft Law 314 fintech/VASP licensing framework](https://payments.gi/jurisdictions/panama/) 2027-Q1 year - PE [ESP authorisation deadline under Circular 0022-2025-BCRP](https://payments.gi/jurisdictions/peru/) 2026-12-31 quarter - PE [Instant Payments Using Aliases regulation takes effect](https://payments.gi/jurisdictions/peru/) closed 2026-09-13 quarter - PE [Payment-initiators regulation expected](https://payments.gi/jurisdictions/peru/) 2026-Q2 half year - PK [PVARA NOC filing deadline for pre-existing VASPs](https://payments.gi/jurisdictions/pakistan/) closed 2026-09-05 quarter - PK [Government full digitisation of payments target](https://payments.gi/jurisdictions/pakistan/) closed 2026-06 quarter - PL [EU Instant Payments Regulation compliance for SPI indirect access](https://payments.gi/jurisdictions/poland/) 2027-01-09 quarter - PT [PSD3/PSR national transposition/direct application](https://payments.gi/jurisdictions/portugal/) 2027-Q2 year - QA [QCB open-banking interoperability standards and unified consent model expected](https://payments.gi/jurisdictions/qatar/) 2026-Q4 half year - RO [OCT Inst IT-system update deadline](https://payments.gi/jurisdictions/romania/) 2026-11-14 quarter - RO [PSD3/PSR formal adoption expected](https://payments.gi/jurisdictions/romania/) 2026-Q2 half year - RS [NBS draft Payment Services Law amendment package](https://payments.gi/jurisdictions/serbia/) 2027 year - RS [Proposed amendments to Law on Interchange Fees and card-payment rules](https://payments.gi/jurisdictions/serbia/) 2027 year - RU [Digital-ruble mandatory transaction capability for systemically important banks](https://payments.gi/jurisdictions/russia/) closed 2026-09-01 quarter - RU [Digital-ruble mandate extends to universal-licence banks and mid-size retailers](https://payments.gi/jurisdictions/russia/) 2027-09-01 year - RU [Digital-ruble mandate extends to remaining banks and small retailers](https://payments.gi/jurisdictions/russia/) 2028-09-01 year - SA [CMA FinTech ExPermit Instructions consultation closes](https://payments.gi/jurisdictions/saudi-arabia/) closed 2026-05-27 quarter - SE [Riksbank instant A2A transfer target](https://payments.gi/jurisdictions/sweden/) 2027-03-01 quarter - SE [PSD3/PSR formal adoption](https://payments.gi/jurisdictions/sweden/) 2026-Q4 half year - SI [IPR PSP reporting provisions begin applying](https://payments.gi/jurisdictions/slovenia/) closed 2026 year - SI [IPR full applicability for non-euro Member States and all PSPs](https://payments.gi/jurisdictions/slovenia/) 2027 year - SK [PSD3/PSR formal adoption and national transposition](https://payments.gi/jurisdictions/slovakia/) 2027 multi year - TN [Draft overhaul of Foreign Exchange Code](https://payments.gi/jurisdictions/tunisia/) 2027 multi year - TZ [Tanzania digital-payments mandate in force](https://payments.gi/jurisdictions/tanzania/) closed 2026-07-01 quarter - UA [Ukraine SEPA accession pending AML/bank-register conditions](https://payments.gi/jurisdictions/ukraine/) 2027 multi year - UAE [New CBUAE Law full compliance deadline for newly-in-scope entities](https://payments.gi/jurisdictions/united-arab-emirates/) closed 2026-09-16 quarter - UAE [Ongoing rollout of RPSCS-replacement sub-regulations under the New CBUAE Law](https://payments.gi/jurisdictions/united-arab-emirates/) 2026-Q4 half year - UG [BOU OTC cash-withdrawal caps take effect](https://payments.gi/jurisdictions/uganda/) 2027-01-01 quarter - US-AL [Alabama Cryptocurrency Kiosk Fraud Prevention Act (HB303) in force](https://payments.gi/jurisdictions/united-states-alabama/) 2026-10-01 quarter - US-CT [PA 25-66 MTL scope expansion in force](https://payments.gi/jurisdictions/united-states-connecticut/) closed 2025-10-01 quarter - US-DC [Treasury GENIUS Act issuance/offer/sale NPRM comment period closes](https://payments.gi/jurisdictions/united-states-district-of-columbia/) 2026-10-19 quarter - US-DC [GENIUS Act substantive effective date](https://payments.gi/jurisdictions/united-states-district-of-columbia/) 2027-01-18 quarter - US-DE [SB18/SB19 implementing regulations due](https://payments.gi/jurisdictions/united-states-delaware/) 2027-Q3 year - US-DE [SB19 licensure deadline (earlier of 1yr or final regs)](https://payments.gi/jurisdictions/united-states-delaware/) 2027-07-06 half year - US-FL [HB 505 virtual-currency kiosk fee exemption and disclosure mandate](https://payments.gi/jurisdictions/united-states-florida/) 2026-Q2 half year - US-HI [GENIUS Act effective date (earlier of statutory date or final-rule +120 days)](https://payments.gi/jurisdictions/united-states-hawaii/) 2027-01-18 half year - US-ID [Possible redrafted Idaho Virtual Currency Kiosk Fraud Prevention Act](https://payments.gi/jurisdictions/united-states-idaho/) 2027-Q1 year - US-IL [DACPA custody/disclosure milestone](https://payments.gi/jurisdictions/united-states-illinois/) 2027-01-01 quarter - US-IL [DACPA full licensing effective](https://payments.gi/jurisdictions/united-states-illinois/) 2027-07-01 quarter - US-IN [Indiana state pension plans required to offer crypto investment option](https://payments.gi/jurisdictions/united-states-indiana/) 2027-07-01 year - US-KS [Kansas VCKCPA (HB 2591) in force](https://payments.gi/jurisdictions/united-states-kansas/) closed 2026-07-01 quarter - US-LA [Louisiana Money Transmission Act in force](https://payments.gi/jurisdictions/united-states-louisiana/) closed 2026-07-01 quarter - US-MA [MGL c.169B transition deadline for existing unlicensed transmitters](https://payments.gi/jurisdictions/united-states-massachusetts/) closed 2026-07-01 quarter - US-MD [SB261 payroll-processing money-transmission exemption in force](https://payments.gi/jurisdictions/united-states-maryland/) 2026-10-01 quarter - US-MD [SB759/HB859 digital-asset staking preemption expected decision](https://payments.gi/jurisdictions/united-states-maryland/) 2026-Q4 half year - US-ME [Maine ESB conversion deadline](https://payments.gi/jurisdictions/united-states-maine/) closed 2026-01-31 quarter - US-MI [Money Transmission Modernization Act takes effect](https://payments.gi/jurisdictions/united-states-michigan/) 2027-01-01 quarter - US-MI [Current Money Transmission Services Act repealed](https://payments.gi/jurisdictions/united-states-michigan/) 2027-07-01 quarter - US-MN [Minnesota virtual-currency kiosk prohibition takes effect](https://payments.gi/jurisdictions/united-states-minnesota/) closed 2026-08-01 quarter - US-MS [MS Data Security for Money Transmitters Act in force](https://payments.gi/jurisdictions/united-states-mississippi/) closed 2026-07-01 quarter - US-MS [MS Virtual Currency Kiosk licensing regime in force](https://payments.gi/jurisdictions/united-states-mississippi/) closed 2026-07-01 quarter - US-MS [MS Check Cashers Act fee pass-through amendment in force](https://payments.gi/jurisdictions/united-states-mississippi/) closed 2026-07-01 quarter - US-NC [NC Digital Asset and Stablecoin Act awaits Senate action](https://payments.gi/jurisdictions/united-states-north-carolina/) 2027-Q1 half year - US-NC [NC prediction-market tax takes effect](https://payments.gi/jurisdictions/united-states-north-carolina/) 2027-01-01 quarter - US-ND [ND DFI 'alternative financing products' designation under Money Brokers Act](https://payments.gi/jurisdictions/united-states-north-dakota/) 2027 year - US-NE [LB838 remittance excise tax operative date](https://payments.gi/jurisdictions/united-states-nebraska/) closed 2026-07-01 quarter - US-NH [RSA 399-G transition period expires](https://payments.gi/jurisdictions/united-states-new-hampshire/) closed 2026-01-01 quarter - US-NY [NYDFS Payment Stablecoin Regulation (23 NYCRR Part 202) — proposed](https://payments.gi/jurisdictions/united-states-new-york/) 2027-Q1 year - US-OH [HB648 kiosk-licensing expansion under OMTA](https://payments.gi/jurisdictions/united-states-ohio/) 2027-Q1 year - US-OK [Oklahoma Money Transmission Modernization Act in force](https://payments.gi/jurisdictions/united-states-oklahoma/) 2026-11-01 quarter - US-RI [RI CSBS Money Transmission Modernization Act alignment bill remains held for further study](https://payments.gi/jurisdictions/united-states-rhode-island/) 2026-Q4 multi year - US-SC [H.4592 virtual-currency kiosk MTL requirement pending enactment](https://payments.gi/jurisdictions/united-states-south-carolina/) 2027-Q1 year - US-SC [H.4251 remittance fee for immigration-enforcement fund pending enactment](https://payments.gi/jurisdictions/united-states-south-carolina/) 2027-Q1 year - US-TN [Kalshi v. TN Sixth Circuit appeal outcome](https://payments.gi/jurisdictions/united-states-tennessee/) 2027-Q1 half year - US-TX [H.B. 3833 model-law-alignment amendment to Ch. 152](https://payments.gi/jurisdictions/united-states-texas/) 2027-Q1 multi year - US-UT [Utah HB141 international-remittance tax effective date](https://payments.gi/jurisdictions/united-states-utah/) 2027-01-01 half year - US-VA [Virginia Chapter 19.1 money-transmitter recodification in force](https://payments.gi/jurisdictions/united-states-virginia/) closed 2026-07-01 quarter - US-VT [VT virtual-currency-kiosk moratorium expires](https://payments.gi/jurisdictions/united-states-vermont/) 2027-07-01 quarter - US-VT [VT commercial-financing licensing regime takes effect](https://payments.gi/jurisdictions/united-states-vermont/) 2027-07-01 quarter - US-WV [HB 5353 kiosk licensure implementation window](https://payments.gi/jurisdictions/united-states-west-virginia/) 2026-Q3 quarter - US-WY [Wyoming SPDI interstate MTL reciprocity bill expected](https://payments.gi/jurisdictions/united-states-wyoming/) 2027-Q1 multi year - USA [GENIUS Act statutory backstop effective date](https://payments.gi/jurisdictions/united-states/) 2027-01-18 half year - USA [GENIUS Act final implementing rules statutory deadline](https://payments.gi/jurisdictions/united-states/) closed 2026-07-18 quarter - USA [California DFAL licensing requirement in force](https://payments.gi/jurisdictions/united-states/) closed 2026-07-01 quarter - USA [CFPB revised Section 1033 rule anticipated publication](https://payments.gi/jurisdictions/united-states/) 2026-Q3 half year - VE [OFAC Venezuela general-licence wave — ongoing easing trajectory](https://payments.gi/jurisdictions/venezuela/) 2026-Q4 half year - VN [E-wallet authentication/opening provisions effective](https://payments.gi/jurisdictions/vietnam/) closed 2026-01-01 quarter - VN [NAPAS reverse-direction (VN-to-China) QR connectivity](https://payments.gi/jurisdictions/vietnam/) 2026-Q4 half year - VN [Vietnam-Singapore outbound QR connectivity](https://payments.gi/jurisdictions/vietnam/) 2026-Q4 half year - ZA [National Payment System Act amendment enabling activity-based non-bank licensing](https://payments.gi/jurisdictions/south-africa/) 2026-Q4 year - ZM [NPSA 2026 / BFSA 2026 commencement pending](https://payments.gi/jurisdictions/zambia/) 2027-Q1 half year