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Stock impact report

Hong Kong steps up oversight of retail payments [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
payment networks, clearing and settlement processes used by individuals and businesses. The framework forms part of broader efforts to modernise retail payment regulation, support e-wallets and stored value facilities, and maintain operational resilience in the city's payment infrastructure. Under the Payment Systems and Stored Value Facilities Ordinance (PSSVFO), a retail payment system is defined as any system or arrangement used for the transfer, clearing or settlement of payment obligations arising from day-to-day retail activities, whether conducted within Hong Kong or involving Hong Kong participants. The HKMA has responsibility for designating key payment systems and supervising their ongoing operation. The regulatory regime covers payment networks used by individuals and non-corporate users that support purchases or payments. It also encompasses the associated instruments and procedures that make up such systems. Designated systems must meet statutory standards for s Show less Read more
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