Payment Infrastructure Insights

The international portion of each transaction will continue to travel through established correspondent banking arrangements.

The Eurosystem's plan to reach Brazil now joins its other instant-payment interlinking projects: membership of Nexus Global Payments, a bilateral link to India's Unified Payments Interface, and a bilateral link to the Swiss Interbank Clearing Instant Payments system, all named by the ECB in the same notice.

The Pan-African Payment and Settlement System is being used for far smaller payments than a year ago, according to growth figures Afreximbank published on 11 September 2026. Volume growth far outpaced value growth, putting the mean payment at about a fifth of its year-earlier size. Afreximbank published the change as percentages rather than absolute counts and values.

Banco de México's two retail payment overlays remain marginal contributors to Mexican digital payments, with annual operation counts in the low millions. A June circular requires banks and indirect SPEI participants to standardize how mobile transfers, DiMo, CoDi and QR payments appear to customers. The compliance date is 14 December 2026.

Banco Central de Chile president Rosanna Costa said the bank will consult on a regulation to make electronic transfers easier to use at merchants.

The Banco Central do Brasil set out the Pix regulation amendments in Resolution BCB 587.

The initiative would also let Mexico's finance ministry name sectors where only digital payments are accepted. CoDi, Banxico's QR-based collection function on SPEI, recorded 4.4 million operations in 2025.

Belgian payment provider Payworld has joined the providers enabling Wero acceptance among Belgian merchants.

India's zero-MDR era for UPI merchant acceptance ends on October 15, 2026. The charge applies only to person-to-merchant payments above Rs 2,000. Merchants cannot pass the charge to customers. UPI apps are barred from levying a platform fee.

STEP2 SDD Core collections averaged 44,457,183 a day in the same month, EBA Clearing's statistics page shows.

The central bank said it will put out for consultation regulatory changes intended to strengthen the instant payments system. The CMF said the details of its proposal remain available in the Normativa en Consulta section of its website.

The EPC wants industry views on draft rules for FRIDA, its planned arrangement for circulating fraud intelligence between PSPs across SEPA. Comments are open until 10 December. The EPC positions the arrangement as groundwork for the anti-fraud duties in the incoming EU Payment Services Regulation.

Fnac Darty joined Orange, Decathlon and Air France at a BNP Paribas press conference in Paris on 8 September to announce the first Wero for Merchants deployments.

RBI Governor Sanjay Malhotra announced the platform at Global Fintech Fest 2026 in Mumbai on September 10, 2026.

Value cleared through the operator's instant credit transfer service reached €9.3 billion daily during that month.

The French lender's merchant acquiring for the wallet also extends to Germany, Belgium, the Netherlands and Luxembourg.

Banco de la República's 2026 financial infrastructure report attributes the rise in high-value settlement mainly to public debt trading, monetary policy operations and direct transfers between entities.

The EPC will update the 2025 payment scheme rulebooks, implementation guidelines and supporting guidance materials to reflect the decision. The revised documentation is expected to be published by October 2026 at the latest.

Twenty-four central banks already participate in the cross-border settlement platform, according to the network's own figures.

Tap & Pay transactions can run over the POS terminal's internet connection instead of the user's mobile data.

The migration window for Sweden's alias payments opened on 8 September 2026 and closes on 27 November 2026.

Mexico's central bank now requires SPEI participants to handle phone-number and QR transfers through one uniform in-app flow.

Instrucao Normativa BCB 746 ends the separate limit regime that has governed Pix por aproximacao since 2024, folding contactless and Open Finance no-redirect payments into the ordinary customer limits agreed with each institution. The change becomes binding on 1 October 2026.

EPI gains a French acquirer for a wallet that now counts 59 million users across Belgium, France and Germany.

Priority-sector borrowers in India can now spend from sanctioned Kisan Credit Card and MUDRA limits at merchants over UPI rails rather than drawing cash or seeking a fresh disbursal.

Swift's deferral of its structured address requirement in late August has not moved the SEPA schemes. The council behind SEPA credit transfers, instant payments and direct debits left its own timelines in place. It referred the question to its scheme management board.

The government brought forward concessionary amendments addressing concerns raised by peers at Grand Committee on regulatory accountability, access to cash and sustainability. The second report stage day falls on Wednesday 9 September 2026.

Canadian instant payments now have a binding rulebook. The framework sets operational, security and risk-management requirements for sending and receiving participants. Clearing and final settlement run through the Bank of Canada, ahead of production entry later this year.

Brazil's instant payment system has entered a formal Eurosystem assessment as a candidate for a central bank-to-central bank cross-border connection. The review covers legal, technical, security and operational questions and is due to close this month, ahead of a reported four-stage path that would reach a working trial in mid-2028.

A two-week postponement pushes the T2, T2S, TIPS and ECMS release weekend to the end of November 2026 while leaving the planned functional scope of the releases unchanged.