iA Financial

Bank of Cyprus has begun allowing businesses and individuals to make payments directly in Indian rupees. The move removes the need for intermediary currencies such as the dollar or euro in India-related transactions, cutting costs and settlement times. Observers see it as a step towards deeper financial ties between the EU and India and a further internationalisation of the rupee.

Indonesia's financial regulator is emphasising the importance of security testing as digital financial services expand across the country. The regulator's message, reported by MLex, highlights growing concern that rapid growth in digital finance must be matched by robust cybersecurity safeguards to protect consumers and the financial system.