Insights Archive

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.

March 4, 2022

Sports Betting Takes A Crucial Step Forward In Missouri

A bill backed by professional sports teams and most casinos in Missouri is headed for the floor of the state’s House of Representatives, but with changes that include new restrictions on promotional deductions.

March 4, 2022

News In Brief: February 28-March 4, 2022

France gives regulator power to block websites, New Jersey fines DraftKings $150,000 and NagaCorp halts construction work on its Russian casino project.

March 3, 2022

Macau Extends Casino Concessions To End Of 2022

Macau’s government will extend the duration of current casino concessions by at least six months, offering breathing space for operators amid a heavily delayed tender process.

March 3, 2022

U.S. Betting Brands Offer Different Future Plans For Marketing Spend

Following a football season marked by heavy marketing spend, some of the top sports-betting brands in the United States have outlined vastly different fiscal plans going forward.

March 2, 2022

Open Banking Regulators Get Thumbs Up From Fintech Start-ups

With the number of open banking products increasing, just how straightforward is it to become a licensed provider? VIXIO talks through the application process with fintech’s Crezco and Currensea to find out the regulatory hurdles they faced.

March 2, 2022

KYC Utilities: A Useful But Expensive AML Tool For Payment Firms

With the recent opening for business of the Nordic KYC utility under the brand name of Invidem, the spotlight rests once more on these interbank projects and their usefulness for the payment firms that use them when taking on new customers.

March 2, 2022

Rajasthan Reverses Course, Signals Online Gaming Regulation

The government of Rajasthan state is moving to regulate rather than ban online skill gaming, a seeming reversal of policy hinting at the influence of a growing number of pro-gaming court rulings across India.