Insights Archive

March 8, 2022

Update: Visa, Santander Tapped To Trial Use Cases Of Brazil’s Digital Real

The Brazilian Central Bank (BCB) has named nine groups of participants in its LIFT Challenge, including Visa, Santander and Mercado Bitcoin, that will help evaluate use cases for its future digital fiat.

March 8, 2022

’Impactful And Not Impactful At All’ - Russia’s SWIFT Ban Debated In UK Parliament

Cutting off Russia from the international messaging system was both the most draconian action possible while simultaneously being overstated, former SWIFT head of corporate affairs told the UK Treasury Committee.

March 8, 2022

UAE Latest Country To Be Added To FATF Greylist

The United Arab Emirates' recent initiatives to prevent economic crime appear to have failed, with the global standards body placing the country on its notorious grey list.

March 8, 2022

NFL Suspends Star Player For Betting On Games

NFL commissioner Roger Goodell on Monday announced that Atlanta Falcons wide receiver Calvin Ridley is suspended for at least the entire 2022 season for betting on NFL games last year.

March 8, 2022

Chile's Online Gambling Bill Better Late Than Never

Chile’s outgoing government has introduced a long-awaited bill to regulate online casino games and sports betting.

March 8, 2022

Sweden Proposes Gambling Software Licence, Fee Hike

Sweden’s Ministry of Finance is proposing to increase online licence renewal fees and has confirmed plans to require suppliers to apply for their own licences.

March 7, 2022

Dutch Regulator Sets Out PSD2 Account Rules

The Netherlands Authority for the Financial Markets (AFM) has published new guidelines assessing what accounts it deems as in the scope of the second Payment Services Directive (PSD2), as well as those that are not.

March 7, 2022

U.S. Lawsuit Blames PayPal BNPL For Bank Junk Fees

A PayPal consumer claims the company’s popular buy now, pay later (BNPL) service called Pay in 4 targets the poor who end up paying huge amounts of hidden bank fees.

March 7, 2022

Pay.UK Outline New Strategy For Retail Payments

Pay.UK has released its strategy report, indicating where it wants the UK’s retail payments industry to be by 2026.

March 7, 2022

Visa And Mastercard Halt Operations In Russia

As U.S. card giants announce they are pulling out of Russia, they also reveal they are more exposed to the Russia-Ukraine war than had previously been predicted.

March 7, 2022

UK Coroner Rules Addiction Led To Teacher's Suicide

Britain’s gaming operators say they are "committed to going even further” in providing treatment for problem gamblers after an inquest heard how a teacher killed himself after battling addiction.

March 7, 2022

Peru Preparing Law For Online Gambling

Peru's tourism ministry has submitted a draft law to regulate online gambling and sports betting with the aim of raising more than $40m in annual tax revenue.

March 7, 2022

Remote Registration Returns In Illinois

The third largest U.S. sports betting market kicked into a higher gear this weekend as bettors in Illinois became eligible to register for accounts without visiting a land-based casino for the first time in almost a year.

March 7, 2022

Europe Operators Told To Monitor Russia Sanctions, Ban Bets

As the war in Ukraine intensifies, gambling businesses are being required to monitor and comply with sanctions against Russian entities.

March 4, 2022

FCA Continues To Talk Up Its Crypto Clampdown

The UK’s Financial Conduct Authority (FCA) has opened hundreds of crypto-asset cases as it looks to purge bad actors in the consumer investment market.

March 4, 2022

Payments Industry Response To Russia’s Invasion

Russia’s conflict with Ukraine has sent shockwaves throughout Europe and the rest of the world, and many payment and fintech firms have had to take a stand.

March 4, 2022

Chaos Order Of Day, Says New VIXIO Reg Index

Over the past few years, VIXIO has been actively monitoring the regulatory landscape for payments firms. With our new Global Regulatory Impact Index, we reveal trends and insight that provide an overview of the global regulatory landscape, providing our clients with a competitive edge.

March 4, 2022

Week In Brief - March 4, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at the Federal Reserve's tiered review of fintechs, Ireland's An Post new open banking services, Indonesia's increase to QR limit on payments and Thailand's new digital asset custody rules.

March 4, 2022

Singapore Says Retail CBDC Not Compelling

As the island-state reiterates its stance on a retail central bank digital currency (CBDC), the desire to develop a retail CBDC is showing an increasingly sharp split around the world.

March 4, 2022

South Africa Investigating 50 Allegations Against Lotteries Commission

South Africa’s National Lotteries Commission has accused the country’s Special Investigation Unit of including “several inconsistencies” following its damming investigation update into around 50 allegations of irregular allocation of funds.

March 4, 2022

German Betting Group Warns Of Rise Of Black Market Gambling

A German online gambling trade group has found several hundred unlicensed operators pitching German residents, leading it to warn that the black market will only grow during the 2022 FIFA World Cup.