Insights Archive

January 11, 2022

Following Another Year Of Record Growth, India’s UPI Dominated By Three Apps

PhonePe, Google Pay and Paytm account for 94 percent of all transactions initiated through apps in India’s Unified Payments Interface (UPI), with the remaining 6 percent shared between 50+ apps.

January 11, 2022

We Are Hiring! U.S. Agencies Are Looking For Crypto Experts

U.S. state and federal agencies are increasingly looking for crypto experts to add to their ranks. Meanwhile, New York state announces the appointment of a new virtual currency chief.

January 11, 2022

Southern States Set For Sports-Betting Spotlight As Legislatures Return

Three state legislatures with a history of mixed results when it comes to passing gaming legislation will try again this year to approve bills ranging in scope from state-wide mobile sports betting, to creating a state lottery and casino industry.

January 11, 2022

Singapore Confirms Casino Duopoly To 2030, Raises Taxes

The Singaporean parliament has codified a 2019 announcement that Las Vegas Sands and Genting Singapore will control the city-state’s casino market until at least 2030 while paying higher gaming taxes.

January 11, 2022

Uganda Regulator Highlights Challenges As COVID-19 Restrictions Ease

Uganda’s Lotteries and Gaming Regulatory Board has said its responsible gambling programme will be a “yardstick” for all industry stakeholders, as the regulator positions itself as one of Africa’s busiest authorities.

January 11, 2022

Potential UK Sports Sponsorship Ban Enters The Spotlight

The debate over whether UK gambling companies should be banned from sports sponsorship is heating up, amid reports that the Premier League will petition the government for leniency.

January 10, 2022

Crypto To Grow Tenfold By 2024, Experts Predict

Crypto was a constant in 2021 and nobody quite expected it. Prices boomed, investment did as well, and corporations that had previously given the products a cold shoulder came on board. Experts tell VIXIO why 2022 may be the biggest year yet.<br />

January 10, 2022

Update: Banks Support U.S. Plan To Migrate ISO 20022 In 2023

The American Bankers Association supports single-day migration to the game-changer ISO 20022 messaging standard in November 2023, but calls for more guidance from the Federal Reserve.

January 10, 2022

Member State Regulators Lobby For Powers Old And New

Although many have greeted the prospect of more uniform rules for financial regulation in Europe, some member state-level regulators and trade associations have questioned just how stringent these should be.

January 10, 2022

UK Fines Law Firm For AML Violations

Mishcon de Reya, the UK law firm known for representing the rich, famous and powerful, has been fined £232,500 over anti-money laundering (AML) failures.

January 10, 2022

DraftKings, FanDuel Running Out Of Time For Florida Sports-Betting Referendum

With just 22 days to go, DraftKings and FanDuel have collected less than one third of the signatures necessary to put their sports-betting initiative on the November 8 general election ballot in Florida.

January 10, 2022

UK Official Cites 'Troubling Issues' Before Act Review

The minister in charge of UK gambling issues has cited “extremely troubling issues” around online gambling companies as he answered parliamentary questions on the upcoming review of the Gambling Act.

January 10, 2022

Georgia Legislators Pushing Broader Gaming Expansion Ballot Question

Although much of the conversation coming into 2022 has been focused on sports-betting voter referendums in Florida and California, legislators in Georgia are planning to make another push at approving a ballot question that could legalize sports betting in the Peach State.

January 7, 2022

Pandemic Hit Card Payments But E-Payments Continue To Grow, U.S. Study Finds

A new payments study from the U.S. Federal Reserve shows that electronic payments have gained on card payments during the pandemic, while checks continue their double digit decline.

January 7, 2022

De-Risking Driving Heavy Social Costs For EU, EBA Warns

Unwarranted de-risking is having a detrimental effect, the European Banking Authority (EBA) has warned, as it publishes new advice for competent authorities on dealing with the phenomenon.

January 7, 2022

Week In Brief - January 7, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at proposed increases in card interchange in Malaysia, the FCA's 2021 achievements, Airbnb's fine for breaking U.S. sanctions, lack of redress for U.S. consumers against credit reference agencies, and the first participants go live on Thailand and Malaysia's cross-border instant payments linkage.

January 7, 2022

China’s Digital Yuan Makes App Store Debut

China’s central bank digital currency is now accessible on mobile phone app stores, in another significant move for the currency’s trial phase.

January 7, 2022

Turkey Lottery Revenue Crashes Amid Political Backlash

Sales of New Year's Eve lottery tickets in Turkey have plunged 30 percent as distrustful customers seemingly turn their backs on the national lottery's pro-government joint operator.

January 7, 2022

New York To Allow Mobile Sports Betting On Saturday

The much-anticipated launch of mobile sports betting in New York, the largest U.S. market to permit online wagering to date, will take place on Saturday, following approvals granted by state gaming regulators.

January 7, 2022

Dutch Gambling Ad Spending Doubles Despite Threat Of Ban

Dutch gambling advertising has more than doubled in the months following legalisation of online gambling on October 1, even as a new Dutch government is poised to consider parliamentary proposals for an ad ban.

January 7, 2022

News In Brief: January 4-January 7, 2022

ICE organisers issue new dates and operators lobbying in California hit a big ballot milestone.