Kenya’s gambling regulator has ordered Safaricom, the telecoms firm that operates mobile money giant M-Pesa, to suspend the modes of transactions frequently used by a list of 25 gambling operators.
On July 9, 2019, the Bank of Israel released a policy paper in which it states its position in relation to the issue of banks’ payments application activity....
Stripe is being targeted by anti-racism campaigners for continuing to process payments for far-right extremists in the United States and Europe, highlighting the reputational risk to payment...
Sydney-based Macquarie Bank has introduced an industry-first block on gambling services for credit card users to improve the “financial wellbeing of its customers”.
PSD2 entered into force on January 13, 2018 repealing Directive 2007/64/EC (PSD1).  The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, introduced new obligations...
The former head of the U.S.’ sanctions authority has said INSTEX, the payment instrument set up in Europe to enable trade with Iran, is unlikely to ever see success regardless of whether it enables...
U.S. payment providers in the betting market say they are working on a compliance model that can be deployed as soon as a state regulator gives the green light to sports betting, essentially...
The General Data Protection Regulation (Regulation 2016/679), also known as the GDPR, significantly increases the responsibilities and obligations for payments businesses in how they collect and...
Germany has barred a payment provider from trading with what state regulators maintain are illegal online casinos and secondary lottery operators and promised that more bans are to come.
The UK’s Foreign Affairs Committee has slammed the government’s sanctions programme, calling for greater clarity on post-Brexit planning and pushing for the introduction of sanctions targeted...
Restricting the initial implementation of the UK’s anti-fraud name check system could distort the market and even help fraudsters better target their activities, the country’s finance industry...
A New Hampshire federal court's ruling that the Wire Act applies only to electronic sports gambling should be a significant reassurance to payment processors and providers operating in other types...
On June 4, 2019, the Reserve Bank of India (RBI) published a report on the payment systems and payment instruments present in India in comparison with other countries such as Australia, Brazil,...
The UK government is standing by plans to establish a new payment system circumventing US restrictions on trade with Iran, despite fresh threats of sanctions from across the Atlantic.
Germany’s long-standing direct debit-based system of point of sale payments lost ground to the interbank Girocard system for the first time in 2018, with interchange fee reforms prompting merchants...
On May 21, 2019, the Ministry of Finance issued a public consultation on amendments to the Payment Systems Act in light of the adoption of Regulation (EU) 2019/518 on cross-border payments (the...

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