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In a decision with wide-reaching implications for consumer rights and digital commerce, the US Court of Appeals for the Eighth Circuit recently vacated the Federal Trade Commission’s (FTC) Click-to-Cancel rule, which was finalized in 2024 and final disclosure and cancellation requirements were set to take effect on July 14, 2025. Initially proposed in 2023 as a commonsense extension to the FTC’s Negative Option Rule, which protects consumers from being charged for goods or services they did not explicitly agree to purchase, Click-to-Cancel would have required businesses to allow consumers to cancel subscriptions through the same simple method used to enroll typically, online and in one click. The rule would have applied to any business that offers automatically renewing subscriptions, such as streaming services and “subscribe and save” billing models.

The new strategy challenges card networks’ dominance and plans for multi-money interoperability, but its success will depend on whether payment service providers (PSPs) can adapt their business models through a multi-year transformation.

In August 2025, the Financial Conduct Authority (FCA) published Policy Statement PS25/12, setting out changes to the safeguarding regime for payments and e-money firms. Vixio’s Playbook is designed to break down the FCA’s new requirements into plain English to help compliance and risk leaders understand what has changed compared to the previous regime.

Nigeria and South Africa’s differing approaches to digital payments reflect two distinct paths set to converge in 2026, as regional interoperability takes shape.

More than a year after the Payment Systems Regulator (PSR) introduced its authorised push payment (APP) fraud reimbursement framework, debate over its efficacy and fairness continues, and its future remains uncertain.

On September 1, 2025, the Bank of Ghana published its National Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation Financing (AML/CFT/CPF) Policy and Action Plan for 2025-2029, a five-year strategic framework that re-defines the country’s approach to financial integrity and compliance. The policy sets out a strategic roadmap to strengthen Ghana’s AML/CFT/CPF regime, with a focus on legal and regulatory reforms, institutional capacity building, inter-agency coordination and private sector engagement. Its objectives include preventing, detecting and prosecuting financial crime, safeguarding the stability and reputation of Ghana’s financial and non-financial sectors, and ensuring full compliance with Financial Action Task Force (FATF) standards.

The Belarusian National Bank is seeking to evolve the country’s crypto framework, tightening the authoritarian government’s grip on the sector and signalling a new phase in its ongoing experiment with digital assets.

By continuing to drive the digital euro forward, the EU is signalling to financial institutions that they should prepare for its introduction, despite ongoing criticism and questions about the project.

The transposition deadline of the revised Consumer Credit Directive (Directive (EU) 2023/2225 on credit agreements for consumers - CCD2) is November 20, 2025. Member states are required to adopt and publish laws, regulations and administrative provisions necessary to comply with the directive by that date.

On October 10, 2025, the UK’s Payment Systems Regulator (PSR) launched a consultation on the methodology for developing a price cap on cross-border interchange fees for transactions between the UK and the European Economic Area (EEA).