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June 29 (AP) -- Pakistani officials said security forces conducted an intelligence-based ground operation along the Pakistan-Afghanistan border on Sunday, followed by "precision strikes" on militant hideouts and shelters, killing 29 militants. Pakistani Information Minister Attra Talal said the operation was in response to multiple militant attacks across the country. The previous day, militants armed with guns and explosives attacked the regional headquarters of the paramilitary group Rangers in the southern port city of Karachi, killing three soldiers. Security forces killed three attackers and arrested another, identified by the military as a wounded Afghan national. The Pakistani Talibans separatist faction, the Free Peoples Party, claimed responsibility for the Karachi attack in a statement released Saturday evening.According to Axios: US officials revealed that the US and Iran have agreed to cease attacks and will meet this week.According to the Associated Press, Pakistan claims that it conducted ground operations and strikes in the Afghan border region, resulting in the deaths of 29 militants.The Israeli Prime Ministers Office stated that the destroyed underground tunnels contained hundreds of weapons and several rocket launcher platforms.On June 29, an Iranian official stated that Iran did not participate in the technical talks scheduled for that day due to "recent attacks and failure to meet relevant conditions." Separately, according to US sources that day, the planned resumption of US-Iran technical talks in Switzerland this week has stalled due to renewed conflict between the two countries.

Australia to reform mobile wallet, cross-border payments

Skylar Shaw

Dec 14, 2022 14:05


Reserve Bank of Australia (RBA) Governor Philip Lowe said in a lecture on the payments system that retailers should not be forced to use a single system, as is currently the case, and should instead have a choice of mobile wallet services.


According to Lowe, in order to begin the necessary investments throughout the payments ecosystem, wallet providers must complete their plans and share them with the industry.


Overall, we're hopeful that least-cost routing will help balance the factors raising merchants' payment costs, especially for small enterprises, said Lowe.


The remarks were made as the government unveiled plans to upgrade payment systems, regulate the Buy Now Pay Later industry, and create a framework for regulating cryptocurrency service providers as part of a regulatory overhaul of Australia's financial system.


As part of this, the RBA will receive new authority to oversee cutting-edge payment systems including those that offer digital wallets.


Cross-border transactions, which are costly and generally delayed in Australia, are another area that needs reform, according to Lowe.


In order to do this, the RBA put pressure on banks to permit the national real-time payments system to handle the final Australian dollar leg of incoming crossbred transfers.


By Dec. 1, 2023, the industry had agreed to launch this new service, and Lowe predicted that the banks would meet this commitment.


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