Newsazenplay.comPAGCOR said payment regulation has become more important after electronic wallets were delinked from gaming applications. It also amended accreditation procedures for payment gateways and channels to align them with Bangko Sentral ng Pilipinas rules.
Covered by Cashback and payouts on AzenPlay.
Read the full story at the original publisher below.
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.
Sky News reported that major UK banks are launching an equity raise to fund a new domestic payments infrastructure provider. The company could evolve into an alternative to Mastercard and Visa in the UK market.