Regulatory Radar

Upcoming Regulatory Changes

Timeline of regulatory changes affecting payment infrastructure. Scroll the timeline or browse the detailed list below.

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RBI mandatory two-factor authentication for all digital payments

in 1 days (April 1, 2026)

RBI guidelines published Sep 25, 2025 requiring all domestic digital payments to implement two-factor authentication. Replaces rigid SMS OTP mandate with flexible risk-based approach. At least one factor must be dynamic and unique per transaction. Cross-border CNP additional factor validation required from Oct 1, 2026.

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CHIPS ISO 20022 migration complete

Apr 25

IFR interchange cap review

Jul 25

SEPA Instant mandatory for all EU PSPs

Oct 25

SWIFT ISO 20022 mandatory for cross-border

Nov 25

SEPA Instant verification of payee mandatory

Jan 26

RBI mandatory two-factor authentication for all digital payments

Apr 26

PSD3 / PSR expected adoption

Jun 26

Visa USDC settlement expansion

Jun 26

Mastercard Payment Passkeys rollout

Jun 26

Durbin Amendment debit interchange review

Jul 26

GENIUS Act stablecoin regulation implementation

Jul 26

Visa Click to Pay rollout (Europe)

Sep 26

SWIFT CBPR+ structured address mandate

Nov 26

SWIFT CBPR+ SRP case management mandate

Nov 26

FiDA (Financial Data Access) regulation

Dec 26

Digital euro preparation phase

Dec 26

Wero POS / NFC tap-to-pay launch

Dec 26

Visa/MC US merchant interchange class action settlement

Mar 27

UK Open Banking next phase

Jun 27

UK post-Brexit cross-border interchange review

Jun 27

Fedwire extended operating hours

Jun 28

Mastercard 100% e-commerce tokenization target (Europe)

Jan 30

● <30 days● <90 days● >90 days● Past

22 events