Newsazenplay.comThe Philippine central bank told electronic payment providers to better vet merchants after finding thousands of illegal businesses using payment platforms. Regulators said many online casinos had disguised themselves as ordinary businesses such as beauty salons and bakeries.
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Payments & fintechAmazon and Openbank Pay have launched a flexible payments offering in Poland. The report appears in a payments news roundup and points to card-linked or embedded financing functionality for merchants and shoppers.
The Philippine central bank said electronic payment providers must improve merchant vetting to reduce fraud risks. The warning followed findings that thousands of illegal businesses, including online casinos, were operating on payment platforms under false business names.
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