Insights Archive

September 15, 2022

Hong Kong Tests Use Of Faster Payments System In CBDC Applications

Residents of Hong Kong may soon be able to top up their e-CNY wallets and make cross-border e-CNY payments using the country’s Faster Payments System.

September 15, 2022

Peru To Create A Pix-Like Payment Service By 2023

Following the modernisation of its payment system earlier this year, Peru’s private clearing house has now revealed plans to launch a payment solution similar to Brazil’s popular Pix.

September 15, 2022

Time To Come Together? Why Merging EMD/PSD Makes Sense

A senior official at the European Banking Authority (EBA) has explained why the regulator backs bringing E-money and Payment Services Directives (EMD/PSD) together in Europe, as panellists at a VIXIO webinar discuss what a future PSD3 could look like.

September 15, 2022

BNPL Code On Track To Launch This Year, Confirms Singapore Regulator

Buy now, pay later (BNPL) products' success in the region has prompted the Monetary Authority of Singapore to act faster than originally anticipated, with consumers using the payment method to be under stricter rules.

September 15, 2022

Australian Lawmakers To Probe Online Gambling Damage

A lower house committee in the Australian parliament will probe social damage from online gambling, potentially paving the way for new of controls on the industry.

September 15, 2022

U.S. Tops Global Market Size Rankings As Shake-Up Continues

Four U.S. states figured among the top ten regulated online gambling markets in the world during the first half of 2022, with the U.S. as a whole soaring past the UK to become the largest market in the world at country level.

September 15, 2022

Massachusetts Regulators Hear Concerns About Effectiveness Of Self-Exclusion Programs

Current approaches to voluntary self-exclusion in the gaming industry need to evolve to encourage better take-up of the programs, problem gambling researchers and advocates told the Massachusetts Gaming Commission during a hearing on responsible gaming and sports betting.

September 15, 2022

Kindred Predicts Return To Dutch Top Spot In 2023

Kindred Group predicted it will return to number one position in the Netherlands by the end of next year, but will not break even in North America until 2026.

September 14, 2022

India’s Central Bank Enlisted In Crackdown On ‘Illegal Loans Apps’

India’s Ministry of Finance has declared a new multi-agency war on unregulated loan apps, which it accuses of entrapping customers, abusing licences and intimidating debtors to extort repayments.

September 14, 2022

Republican Senators Rally Against CFPB Chopra’s Name-And-Shame Tactics

A dozen top Republican Senators have accused Consumer Financial Protection Bureau (CFPB) director Rohit Chopra of abusing his authority and using tactics to unfairly damage financial institutions’ reputations.

September 14, 2022

If You’re Tired Of Betting Restrictions, Try Wagering On Everything

Kalshi means everything in Arabic — and is the name of a global wagering network which strives to allow anyone to bet on anything.

September 14, 2022

Boyd Gaming Seeks Clarification Of Nevada’s Proposed Cybersecurity Requirements

Boyd Gaming, which operates 11 casinos in southern Nevada, has expressed its support for a regulatory proposal to amend state regulations creating cybersecurity requirements, but have suggested several revisions due to “certain practical limitations” of running a gaming company.

September 14, 2022

Finnish Politicians Open To Discuss Licensing

Finnish politicians are opening up to the idea of a gambling licensing system, but the authority overseeing gambling has questioned the timing of the debate as more powers and staff are inbound.

September 14, 2022

IGT Drops UK Lottery Appeal

International Game Technology (IGT) has dropped the appeal that was blocking the transition of the UK National Lottery from Camelot to Allwyn, finally allowing the handover process to begin in earnest.

September 13, 2022

US Small Business Disbursements Driving Zelle Growth

Since its launch five years ago, the Zelle app has processed more than 5bn transactions, with disbursements and small business payments driving its most recent growth.

September 13, 2022

APP Fraud Being Leveraged By Money Mules

Banking experts have acknowledged that the industry is struggling to solve the problem of money mules, with new fraud trends exacerbating the issue.

September 13, 2022

Hong Kong, Thailand To Pursue Bilateral Faster Payments Linkage

As tourist footfall recovers, the central banks of Hong Kong and Thailand are looking to link faster payment systems, while nurturing new cost-reduction measures for merchants and consumers.

September 13, 2022

Chile: The Guide To Grey Market Turmoil

Chile is currently mired in a complicated web of lawsuits and pending legislation that revolve around its grey market offshore online gambling operators.

September 13, 2022

Probe Finds Star Entertainment Unfit For NSW Casino Licence

The Star Entertainment Group is unfit to hold a casino licence in New South Wales (NSW) state, according to an independent regulatory review, but the state gambling regulator is yet to decide the company’s fate.

September 13, 2022

New Entrants Seek To Disrupt U.S. Sports Betting Market

As sports-betting brands with origins in fantasy sports or the casino industry continue to dominate the U.S. landscape, a series of new players are entering the field this football season seeking to disrupt the market.

September 13, 2022

Cyprus Updating Safer Gambling Regulations

The National Betting Authority (NBA) of Cyprus is adding a raft of safer gambling best practices into its rules for online bookmakers.