Payments Regulatory Deadlines to Watch in August 2025

Each month, we leverage data from our Horizon Scanning Regulatory Deadlines Calendar to bring you a glimpse of the key response deadlines and legislation effective dates coming up, so you can plan and take action around some of the most important regulatory developments unfolding right now.

In August, there are 30 regulatory deadlines on the horizon — with 17 key consultation periods coming to an end and requiring a response, and 12 actionable deadlines to be aware of coming into effect.

What are the regulatory deadlines to watch in August?

Chile

On June 17, 2025, Chile’s Financial Market Commission (CMF) issued General Standard No. 538, which establishes minimum security and authentication standards for electronic payment and transaction processes. This new regulation applies to payment card issuers and other relevant financial entities, such as money transfer service providers.

According to the CMF news release announcing the regulation, it aims to provide guidelines for the use of key mechanisms through which electronic payments are conducted. The regulation takes effect on August 1, 2025, except for provisions surrounding mandatory client authentication, which take effect on July 1, 2026.

EU

On July 16, 2025, the European Commission published Delegated Regulation (EU) 2025/1184, amending Delegated Regulation (EU) 2016/1675, updating its list of high-risk jurisdictions which present strategic deficiencies in their national anti-money laundering and counter-terrorism financing (AML/CTF) regimes.

The regulation enters into force on August 5, 2025, 20 days after its publication in the Official Journal of the European Union.

Colorado

On April 18, 2025, the Governor of Colorado signed into law the Money Transmission Modernization Act (HB 1201). The Act is a complete adoption of the Conference of State Bank Supervisors’ Model Money Transmission Modernization Act (MTMA).

The purpose of the Act is to align Colorado with the MTMA's national supervision standards, which are designed to reduce regulatory burdens by updating outdated and inconsistent requirements surrounding money transmission activities. The Act establishes a single statutory framework for licensing, examination, and regulation by the Colorado Division of Banking (DOB) for all money transmitters in the state. The Act takes effect on August 6, 2025.

Ghana

On July 10, 2025, the Bank of Ghana issued a notice requiring all Virtual Asset Service Providers (VASPs) operating within the jurisdiction of Ghana to register with the Bank. The measure forms part of a preliminary regulatory process aimed at strengthening oversight of virtual asset activities and supporting the development of a future legal framework aligned with international standards.

The Bank has emphasised that registration is compulsory and that failure to comply may result in regulatory sanctions or disqualification from future licensing. It further clarified that registration does not constitute legal approval or authorisation to operate, and that additional directives may be issued based on the outcome of this assessment. Stakeholders may complete the registration process via this online form. The deadline for submission is August 15, 2025.

Australia

The National Payments Corporation of India (NPCI) has announced the launch of the full delegation framework for UPI Circle - Delegated Payments for Secondary Users, which allows primary users to authorise secondary users to initiate and complete United Payment Interface (UPI) transactions up to a pre-defined monthly limit.

The full delegation framework requires the following additional guidelines to be adhered to when linking a secondary user to a primary user:

• The primary user may only identify a secondary user to the primary user’s payment service provider (PSP) if the secondary user falls into one of three categories; namely, a family member, a domestic or a small business employee.
• The primary user’s PSP must share details of the secondary user, including their document type and ID number with the secondary user’s PSP/bank.
• The primary user’s issuing bank shall require the secondary user to submit to customer due diligence checks which should include obtaining their name, mobile number, ID number and identity documents that meet the standards prescribed by the Reserve Bank of India's Master Direction on KYC.
• The secondary user’s PSP should accept explicit consent from the secondary user before sharing their information with the primary user’s PSP and onboarding them as a full secondary user.

Any PSPs offering the UPI Circle feature must implement these requirements by August 31 2025.

The Vixio Payments Compliance Horizon Scanning tool shows you real-time updates on regulatory deadlines and trends across 140+ global jurisdictions, including all US states, at the click of a button. Its Regulatory Deadlines Calendar feature sets out effective dates for published legislation, closing dates for consultation periods on proposed regulatory developments, and deadlines for specific requests for information by regulatory authorities.

We’ve only shown you a snapshot of August’s deadlines. Want to see them all? Book a demo with a member of our team, who can show you the full Regulatory Deadlines Calendar for this month.