Definition ∞ Retail payment rules are the regulations and operational guidelines governing small-value payments made by consumers and businesses. These rules cover aspects such as transaction processing, settlement, dispute resolution, and consumer protection. They ensure the smooth and secure functioning of everyday payment systems. Adherence to these rules safeguards public trust.
Context ∞ The expansion of digital assets, particularly stablecoins, into mainstream retail payments necessitates the adaptation or creation of new retail payment rules by financial authorities. Debates often center on how existing consumer protection and anti-money laundering regulations apply to these novel payment methods. Harmonizing these rules is a current policy focus.
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