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🎉The banking holding company HSBC partners with Visa to launch the payment app Zing Money.** Paid Members Public
🎉The banking holding company HSBC partners with Visa to launch the payment app Zing Money.** The app has been operating in the United Kingdom🇬🇧 since January 2024 and will soon expand to other markets. ➡️ Zing (part of the fintech holding) allows users to store funds in 10 different currencies, send
⚡️Ecuador🇪🇨: a new profit tax for bookmakers has come into effect. Paid Members Public
⚡️Ecuador🇪🇨: a new profit tax for bookmakers has come into effect. The Internal Revenue Service (SRI) of Ecuador announced that starting July 1 of this year, a single income tax will be levied on the profits obtained by sports betting operators. ➡️ The new measure stems from the so-called *“Organic Decree-Law
Vietnam 🇻🇳 introduces mandatory facial recognition 🥷 for digital payments exceeding 390 USD. Paid Members Public
Vietnam 🇻🇳 introduces mandatory facial recognition 🥷 for digital payments exceeding 390 USD. The Central Bank's order applies to both banks and digital wallets. ➡️ Users will need to scan their face at the end of the payment procedure via a mobile application installed on their device. ➡️ The biometric software was
⚡️Argentina🇦🇷: 275,000 USD confiscated following an investigation revealing 110 illegal gambling platforms. Paid Members Public
⚡️Argentina🇦🇷: 275,000 USD confiscated following an investigation revealing 110 illegal gambling platforms. The specialized cybercrime investigation unit (Ufeic) focused its searches on social networks. ➡️ Tags such #casino, #casinovirtual, #juegosonline, #apuestasonline, #casinoonline, #slots were identified on Instagram. The regulator deemed these as advertising for unlicensed operators, classifying them as criminal
⚡️Paraguay🇵🇾: Google Wallet enters the payment market. Paid Members Public
⚡️Paraguay🇵🇾: Google Wallet enters the payment market. However, not everywhere, only for some banks (Itaú, Continental and Ueno Bank). It is expected that others will join them over time. ➡️ Customers of these banks will be able to register their credit or debit cards in Google Wallet to use them at
😱Demonstration of discipline: Lithuania🇱🇹 imposed a record fine on the cryptocurrency service Payeer for non-compliance with anti-Russian sanctions Paid Members Public
😱Demonstration of discipline: Lithuania🇱🇹 imposed a record fine on the cryptocurrency service Payeer for non-compliance with anti-Russian sanctions Lithuania's Financial Crime Investigation Service (FNTT9.3 million euros) has imposed a record fine of 9.3 million euros on the cryptocurrency service Payeer for allowing Russian clients to carry
⚡️The Cardstream acquirer network and Mastercard are launching a new service to support e-commerce Paid Members Public
⚡️The Cardstream acquirer network and Mastercard are launching a new service to support e-commerce The service is called Click to Pay, and it is an integrated and optimized checkout within the numerous integrations of Cardstream. ➡️ The solution eliminates the need for the user to manually enter passwords and card details
📢The central banks of India🇮🇳, Malaysia🇲🇾, Thailand🇹🇭, Singapore🇸🇬, and the Philippines🇵🇭 want to launch a joint platform for instant cross-border retail payments Paid Members Public
📢The central banks of India🇮🇳, Malaysia🇲🇾, Thailand🇹🇭, Singapore🇸🇬, and the Philippines🇵🇭 want to launch a joint platform for instant cross-border retail payments This was announced on Monday by the “*Bank of Central Banks*” of Southeast Asia — Bank for International Settlements (BIS). The project is expected to “take off” by 2026.