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🐘 India 🇮🇳: Regulator considers the return of debit fees Paid Members Public
🐘 India 🇮🇳: Regulator considers the return of debit fees Three years ago, commercial fees for transactions with UPI (Unified Payments Interface) and RuPay debit cards were eliminated to encourage digital payments. However, UPI now dominates the market and banks and payment providers have lost a key source of revenue. ➡️ Until 2022,
⚡️Russia 🇷🇺: before the March Central Bank meeting, 18 of the top 20 banks lowered deposit rates Paid Members Public
⚡️Russia 🇷🇺: before the March Central Bank meeting, 18 of the top 20 banks lowered deposit rates Despite the possibility of keeping the key rate at 21%, banks believe the period of high deposit profitability is over and have decided to reduce rates further. ➡️ Among the banks implementing these adjustments are
📢 Finland 🇫🇮: a bill is introduced to end the gambling monopoly and launch a licensing model by 2027 Paid Members Public
📢 Finland 🇫🇮: a bill is introduced to end the gambling monopoly and launch a licensing model by 2027 Until now, gambling has been controlled by the state-owned operator Veikkaus, but the market could open to international operators. 💞 Who is who❓ — Veikkaus is Finland’s national betting agency. In 2017, it merged
⚡️United Kingdom 🇬🇧: FCA considers removing the £100 contactless payment limit Paid Members Public
⚡️United Kingdom 🇬🇧: FCA considers removing the £100 contactless payment limit The Financial Conduct Authority (FCA), the UK’s independent financial regulator, is exploring the possibility of easing restrictions with a proposal that includes 50 new measures aimed at enhancing consumer protection. 💡 One of the key proposals is to allow companies
📣 Brazil 🇧🇷: regulator proposes that fintechs report transaction costs Paid Members Public
📣 Brazil 🇧🇷: regulator proposes that fintechs report transaction costs The proposal aims to monitor money flows involved in illicit activities, particularly on payment platforms. The Ministry of Finance is the main driver behind this initiative. ➡️ Focus on the Pix System: The monitoring will target payments made through the Pix instant transfer
😱 Turkey 🇹🇷: crackdown on online gambling intensifies Paid Members Public
😱 Turkey 🇹🇷: crackdown on online gambling intensifies In a large-scale operation, police arrested 52 people in Istanbul, 21 of whom remain in custody. Among those involved is Erkan Kork, president of BankPozitif and payment provider PayFix. 🔴 Kork faces charges of money laundering from illegal gambling and facilitating unauthorized transactions. 🔴 Authorities seized
📢 In UAE 🇦🇪, US-based crypto payment gateway Ripple 🇺🇸 obtained a license Paid Members Public
📢 In UAE 🇦🇪, US-based crypto payment gateway Ripple 🇺🇸 obtained a license This payment platform is expected to drive greater adoption of stablecoins. ➡️ With the DFSA license, Ripple became the first officially recognized blockchain-based payment provider in Dubai. ➡️ Key facts: Ripple's own stablecoin, RLUSD, launched in late December, has already
🌍 A macroeconomic analysis: according to the ECB, the adoption of cryptocurrencies and non-bank financing in the US 🇺🇸 globally is not good news Paid Members Public
🌍 A macroeconomic analysis: according to the ECB, the adoption of cryptocurrencies and non-bank financing in the US 🇺🇸 globally is not good news The European regulator expresses concern, stating that “financial crises tend to originate in the US and then spread to the rest of the world.” However, the real fear