news
🐘India🇮🇳: the nationwide ban on all real-money online games (including poker, betting, and fantasy sports) threatens not only the gaming industry but also the sports sector Paid Members Public
🐘India🇮🇳: the nationwide ban on all real-money online games (including poker, betting, and fantasy sports) threatens not only the gaming industry but also the sports sector In August, Indian lawmakers passed the “Online Gaming Promotion and Regulation Act,” which prohibits banks and payment providers from processing transactions related to real-money
😳Brazil🇧🇷: House of Deputies debates bill to increase gambling tax from 12% to 22% of gross gaming revenue (GGR) Paid Members Public
😳Brazil🇧🇷: House of Deputies debates bill to increase gambling tax from 12% to 22% of gross gaming revenue (GGR) The additional 10% would be allocated to environmental protection initiatives, specifically to combat deforestation. ▶️The proposal comes at a time when there is already a provisional measure from the federal government
👍United Kingdom🇬🇧: FCA prepares to lift contactless payment limits Paid Members Public
👍United Kingdom🇬🇧: FCA prepares to lift contactless payment limits The UK Financial Conduct Authority (FCA) plans to allow card issuers to set their own contactless payment limits for their customers. For instance, this is already the case in the United States🇺🇸. ▶️This initiative is part of the 50 measures outlined
🎉Europe: Swedish fintech Klarna introduces its debit card Paid Members Public
🎉Europe: Swedish fintech Klarna introduces its debit card Now, anywhere Visa is accepted, European users will be able to pay upfront. ▶️In the Klarna app, consumers can choose 1 of 3 plans, including “Pay in 3”, “Pay later”, or long-term financing for larger purchases, subject to approval. ▶️Context: currently, Klarna’
🐫🐫🐫Revolut accelerates expansion in the UAE🇦🇪 Paid Members Public
🐫🐫🐫Revolut accelerates expansion in the UAE🇦🇪 The British-Lithuanian🇬🇧🇱🇹 neobank received approval from the Central Bank of the United Arab Emirates (CBUAE) to obtain a license for fund custody and retail payment services (category II). ▶️The services are mainly aimed at retail customers in the region. Expansion in the UAE is
👀New Zealand🇳🇿: debate over lifting the ban on online slots and betting advertising Paid Members Public
👀New Zealand🇳🇿: debate over lifting the ban on online slots and betting advertising Push notifications, free credits, and similar incentives could become widespread, raising concerns among New Zealand’s lawmakers. ▶️Context: just a few months ago New Zealand implemented a sector reform, which established: ❌Sports and racing bets are legal
📣Japan🇯🇵: Stripe Terminal will help companies integrate offline and online commerce channels Paid Members Public
📣Japan🇯🇵: Stripe Terminal will help companies integrate offline and online commerce channels Stripe aims to support Japanese merchants in expanding into the South Korean🇰🇷 market, incorporating local payment systems such as Naver Pay, Samsung Pay and PAYCO, as well as domestic cards including Shinhan Card, Hyundai Card, and Samsung Card.
⚠️South Korea 🇰🇷: lawmakers plan to restrict the use of gacha in online games Paid Members Public
⚠️South Korea 🇰🇷: lawmakers plan to restrict the use of gacha in online games For those unfamiliar, gacha refers to a system where players spend either in-game or real-world currency to obtain virtual items of varying rarity and value. The Democratic Party of Korea has renewed its push to regulate in-game