🗞 Main Weekly News: August 3–7 in Review

🇦🇪 An Iranian illegal betting network processed at least $4 billion through Dubai-based Shelbit. The unlicensed crypto exchange reportedly serviced around 2,000 betting websites, Iranian miners, and wallets linked to sanctioned entities. The VARA regulator ordered the company to cease operations over AML/CFT violations.

🏳️ EGBA filed a complaint with the Bank of Lithuania against payment provider Walletto. The association claims that test payments confirmed the processing of cross-border deposits for illegal operators and possible merchant-category manipulation. The regulator has not yet publicly responded.

🏳️ Ethiopia has completely shut down its legal betting market. Authorities accused industry participants of concealing more than $620 million in state revenue and moving funds through crypto exchanges and hawala networks. Local aggregators were also reportedly suspected of understating actual transaction volumes.

🇪🇺 From 2028, AMLA will begin directly supervising around 40 high-risk financial institutions. The selection may include banks, payment systems, EMIs, and crypto companies. From July 2027, businesses will also face greater difficulty taking advantage of differences between national interpretations of KYC and AML requirements.

🇨🇱 Chile is accelerating the adoption of its online gambling legislation. Foreign operators are already subject to a 19% digital VAT, including transactions from the previous 36 months, while payment providers face joint tax liability. The proposed framework adds a 23% GGR burden and introduces a replacement tax of 31% of gross revenue over three years for existing companies.

🏳️ Gambling generated $1.4 billion in tax revenue for Brazil during the first half of the year — 83% more year-on-year. At the same time, the GGR tax rate is expected to gradually increase from 13% to 15% by 2028, while offshore operators are already estimated to account for 41–51% of the market.

🏳️ India is launching CKYC 2.0. The new system is expected to clean up and centralize a database containing 1.2 billion KYC records, enable real-time data updates, and allow customers to confirm consent for data sharing via a one-time password.

🌎 Instant payments continue to become a national standard. Chilean banks are developing a QR-code and alias-based payment system inspired by Pix, while Wise has connected directly to Malaysia's PayNet, adding DuitNow transfers via phone number or ID as well as QR payments.

🇷🇺 Russia is designing its regulated crypto market as a centralized and fully monitored system. Depositories have been proposed to maintain four separate registers and record every transaction, while the FSB wants crypto exchanges and gaming platforms to install SORM systems providing round-the-clock access to user data.

⚠️ On the local market, subscribers reported non-payments involving Intouch, Major Payments, and RusPay. The total amount of reported claims exceeded $24,000, while one merchant reported that 16,843 USDT had been frozen. At the time of publication, representatives of the providers had not commented on the situation.

#news #digest #gambling #igaming #payments #paymentprocessing #fintech #p2pprocessing #psp #merchant #compliance #aml #kyc #riskmanagement #crypto #cryptoregulation #onlinegambling #sportsbetting #regulation #taxes #digitalpayments #instantpayments #highriskpayments #globalmarkets #india #brazil #chile #russia #europe #africa

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

⚡️ #NEWS
🇵🇭 Philippines: Offshore operators are reportedly relocating their businesses to Sri Lanka amid increasing regulatory pressure.
🇮🇹 Italy: FONBET has been hit by a new wave of gambling-site blockings.
🇺🇸 United States: A US regulator has banned prediction market platforms from using bookmaker odds.
🇦🇺 Australia: Tabcorp is set to acquire BetMakers for $200 million.
🇰🇿 Kazakhstan: Authorities have placed a blogger suspected of recruiting 35 influencers to promote iGaming platforms on an international wanted list.
🇲🇲 Myanmar: 156 people were detained during a raid on an iGaming operations center, with 850 devices seized.
🇺🇸 United States: The illegal online gambling market grew to an estimated $97.4 billion in 2025.

#news #gambling #igaming #onlinegambling #sportsbetting #predictionmarkets #payments #paymentprocessing #fintech #p2pprocessing #psp #merchant #regulation #compliance #aml #riskmanagement #illegalgambling #offshoregaming #gamingindustry #highriskpayments #digitalpayments #globalmarkets #usa #asia #australia #europe

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🏳️ New UPI fees may be introduced🇮🇳

💳India’s Ministry of Finance is reportedly developing a new UPI pricing model under which P2P transfers and most everyday payments would remain free. However, merchant payments above ₹2,000 (~$20) could incur a fee of 0.25–0.5%.💰

The new rules would reportedly affect only around 5% of UPI transactions by volume, since smaller payments make up most daily UPI usage. However, these larger transactions account for roughly 65% of total transaction value, meaning merchants could still pay MDR on a significant share of overall turnover.📊

💼The proposed model follows the logic of Visa and Mastercard fees, effectively introducing an interchange-like charge. In 2020, India removed such fees to accelerate UPI adoption, while banks and payment providers received subsidies instead.

Now, India appears to be targeting international and larger merchants rather than applying fees across the entire ecosystem. The charges are reportedly expected to apply to businesses with annual turnover above approximately $180,000.✍️

In practice, this could lead to a noticeable increase in payment processing costs in India, as an additional “interchange” expense would be added to the payment-processing chain.🇮🇳

#news #india #upi #payments #paymentprocessing #fintech #p2pprocessing #p2p #processing #merchant #psp #mDR #interchange #digitalpayments #indiafintech #paymentinfrastructure #transactionfees #ecommerce #riskmanagement #compliance #highriskpayments #gamingpayments #igaming #gambling #sportsbetting

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🏳️ Kazakhstan’s national QR system processes $365 million in under a month

Kazakhstan’s national payment system processed 6.5 million QR payments and phone-number transfers worth 170 billion tenge — around $365 million — between its launch on July 19 and August 13.
The infrastructure is built around an interbank QR model. A customer scans a single QR code, while the system identifies the participating bank and routes the payment to the merchant, regardless of where either side holds an account.
The average transaction value reached approximately $56.
The same infrastructure also supports real-time transfers by phone number between customers of different banks. These transfers operate 24/7, settle instantly, and carry no fees.

Kazakhstan is moving away from bank-specific QR ecosystems toward a shared national payment layer that can serve customers and merchants across multiple banks.

#news #kazakhstan #payments #paymentprocessing #fintech #qrpayments #digitalpayments #instantpayments #p2p #p2pprocessing #processing #merchant #psp #paymentinfrastructure #interbankpayments #mobilepayments #cashlesspayments #fintechnews #emergingmarkets #centralasia #paymentrails #financialinfrastructure

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🗞 Top News of the Week: August 10–15 Highlights

💸🇷🇺 Binance has started enforcing new sanctions-related restrictions on crypto services connected to Russia. Some measures are already active, while others will take effect on August 23. Transactions involving related wallets may be blocked, and certain users could face additional compliance reviews and account restrictions.

🪆 Russian law enforcement raided crypto exchangers at Gorbushka Market, reportedly seizing more than 10 million rubles during the first hours of the operation. The investigation is linked to a courier for phone scammers who allegedly attempted to convert stolen funds into cryptocurrency.

🇷🇺 Starting in March 2027, Russian banks will be required to stop transfers if malware is detected on a customer’s device. The rule will apply to bank cards, electronic money, and the Faster Payments System (SBP).

🏳️🏳️ Crypto withdrawals are becoming slower due to anti-fraud measures. Japan’s FSA has proposed risk-based limits and waiting periods for newly added withdrawal addresses, while Brazil plans to introduce a 24-hour delay on certain international transfers and personal-wallet withdrawals from January 2027.

🇵🇱 BLIK will begin rejecting payments to illegal online casinos starting September 1, integrating directly with Poland’s Ministry of Finance blacklist.

🏳️ Brazilian banks closed 323 accounts suspected of being linked to illegal betting operations or payment mediation activities.

🇨🇱🏳️ Website blocking continues to expand. Chile introduced a permanent mechanism for identifying and blocking online casinos and mirror sites, while Italy ordered the blocking of an additional 190 gambling websites.

🎰 The illegal online gambling market in the United States is estimated at $97.4 billion, significantly exceeding the size of the regulated market according to some industry estimates.

💳 Visa is acquiring BioCatch for $2.4 billion. BioCatch specializes in behavioral biometrics and fraud detection, analyzing thousands of user behavior signals to identify suspicious activity.

🏳️ Brazil’s Central Bank is actively promoting the international expansion of Pix, which processed nearly 80 billion transactions worth $6.87 trillion in 2025.

🏳️ India is considering introducing UPI fees for large merchants, potentially applying charges of 0.3–0.5% on transactions above ₹2,000.

#news #digest #payments #paymentprocessing #fintech #p2pprocessing #p2p #processing #merchant #psp #crypto #cryptocurrency #aml #kyc #compliance #riskmanagement #fraud #cybersecurity #digitalpayments #instantpayments #pix #upi #binance #visa #onlinegambling #igaming #sportsbetting #regulation #globalmarkets #fintechnews

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🔥🇺🇿 Uzbekistan will ban P2P transfers through websites

Starting from November 16, new rules will come into effect in Uzbekistan, prohibiting payment companies from processing P2P transfers through websites. All P2P transactions will have to be carried out through mobile applications.

When a user logs into their account from a new device, linked bank cards will also be temporarily disabled. They can only be reactivated after the user confirms their identity with an OTP code.

Users will still be able to access their personal accounts through browser versions, but the transfer function will not be available there.

Payment companies that process transactions without additional identity verification measures may also be held responsible for customer losses resulting from fraud.

The new rules will apply to all banks and fintech companies, including Click, Uzum, Payme, and others.

#news #uzbekistan #payments #paymentprocessing #fintech #p2p #p2pprocessing #processing #merchant #psp #digitalpayments #mobilepayments #cybersecurity #fraud #otp #kyc #aml #compliance #riskmanagement #banking #fintechnews #paymentinfrastructure #centralasia #highriskpayments

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

📱 TikTok is exploring P2P payments inside direct messages

TikTok is working on a feature that could allow users to send money directly through DMs.

References to P2P transfers were found in the US iPhone version of the app. The proposed flow is simple: the recipient would tap to accept the payment before it expires, while the sender would receive a status update. Users could also attach a message to the transfer.

Payments would be handled through TikTok Pay, which already supports purchases in TikTok Shop across Vietnam, Malaysia, and Thailand.

However, there is an important caveat: the feature is not currently being tested in any market, and TikTok has not confirmed that it will launch.
The direction still makes sense for the platform. TikTok already has a large internal payments ecosystem built around coins, virtual gifts, and commerce. In 2025, in-app purchases generated an estimated $3.3–3.7 billion globally, with around 40% coming from the US.
P2P payments could also keep more financial activity inside TikTok. Users already list services such as Venmo and Cash App in their profiles to receive money from followers, while an internal transfer tool could move those interactions directly into the platform.
The development also fits ByteDance’s broader fintech expansion. The company has been hiring former JPMorgan employees, building payment infrastructure, and has applied in Brazil for two licenses covering electronic money issuance and direct lending.
The market is already taking the possibility seriously: PayPal and Western Union shares fell following the news.

For now, this remains an early-stage product rather than a confirmed launch. But TikTok already has users, commerce, and payment infrastructure — adding P2P would bring another part of the financial flow inside the app.

#news #tiktok #bytedance #payments #p2p #p2pprocessing #paymentprocessing #fintech #digitalpayments #mobilepayments #psp #merchant #processing #paymentinfrastructure #ecommerce #socialcommerce #fintechnews #usa #brazil #southeastasia #venmo #cashapp #tiktokshop #tiktokpay #financialservices #innovation

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🔥🇮🇳🇮🇳🇮🇳🇮🇳 Indian UPI to integrate with HUMO🇺🇿

India and Uzbekistan have signed an agreement to integrate India’s national UPI system with the HUMO card scheme within the next year.
For now, the payment flow will be directed from India, with Indian tourists visiting Uzbekistan expected to be the main beneficiaries. They will be able to use their UPI apps while in Uzbekistan. Other payment corridors are also planned for the future.
UPI has officially been launched in several countries, but it is actively operating only in Singapore, Nepal, and Bhutan. The remaining jurisdictions are formally connected, but according to user feedback, their practical effectiveness remains relatively low.
These include Mauritius, Sri Lanka, the UAE, Cambodia, Qatar, and France.

#news #india #uzbekistan #upi #humo #payments #paymentprocessing #fintech #p2p #p2pprocessing #processing #digitalpayments #mobilepayments #instantpayments #paymentinfrastructure #crossborderpayments #fintechnews #merchant #psp #travelpayments #indiafintech #asia #centralasia #cashlesspayments #globalpayments

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🏳️Kazakh law enforcement officers arrested traders 🚀 RocketTrade for a scheme involving opening Kaspi accounts for Kyrgyz and Uzbek nationals and using their bank accounts for payment processing, for some reason specifically for the casinos 7K, Olymp, and Rukh Poker 🤷‍♂️

#news #kazakhstan #payments #paymentprocessing #p2p #p2pprocessing #processing #fintech #psp #merchant #gambling #igaming #onlinegambling #sportsbetting #casino #compliance #aml #riskmanagement #fraud #paymentfraud #kaspi #centralasia #highriskpayments #gamingpayments

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🤝Important for Partners

🏳️ India traces $7.4 billion in transactions linked to unregulated iGaming

India’s DGGI has identified around 700 billion rupees, roughly $7.4 billion, in transactions linked to unregulated gambling platforms during one financial year.

The figure represents transaction volume, not operator revenue, unpaid tax or confirmed losses to the state. The actual fiscal impact is still being assessed.
The findings come from a 14-month investigation into iGaming networks that authorities believe may also have been used to move or launder funds. The report was submitted to the CBIC in August.
Now DGGI wants payment data to show more than just who received the money.
One proposal would require payment systems to record the website that redirected the user to the payment, while businesses would also have to disclose all bank accounts linked to their GST registration.
The problem is that illegal gambling platforms can route deposits through third-party companies, so banks and PSPs may only see the company receiving the payment — not the gambling website behind it.
If adopted, the rule would make the originating domain part of payment monitoring itself, giving authorities a direct link between the website, payment flow and settlement account.

The framework is not final yet. India still needs to decide whether the data should be collected and stored by platforms, PSPs, aggregators or banks, and how the declared website information will be verified.

#news #india #igaming #onlinegambling #gambling #payments #paymentprocessing #psp #fintech #compliance #aml #riskmanagement #gst #dggi #cbic #paymentmonitoring #fraud #illegalgambling #gamingpayments

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🤝Important for Partners

🏳️ India Drops Google Gaming Antitrust Case After Online Betting Ban

India’s Competition Commission (CCI) has closed its antitrust case against Google over its treatment of real-money gaming apps.

The case, filed by WinZO in 2022, challenged Google’s decision to allow only selected real-money games, such as fantasy sports and rummy, on the Play Store.
But India’s new Online Gaming Act, effective from May 1, 2026, changed the market completely.
The law prohibits online money games, advertising for them, and facilitating related payments — regardless of skill or chance.
With real-money gaming effectively removed from the legal market, CCI concluded that continuing the Google case no longer served a purpose.

For payment players, the key point is clear: India’s gaming restrictions now directly extend to the payment layer, adding further pressure on PSPs, aggregators and banks handling these flows.

The CCI noted that the case could return if the law is overturned, repealed or stayed.
#news #india #igaming #onlinegaming #onlinegambling #gambling #betting #payments #paymentprocessing #psp #aggregator #fintech #compliance #regulation #antitrust #google #winzo #gamingpayments #riskmanagement

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🤝Important for Partners

🇮🇳 UPI will no longer be completely free for businesses🇮🇳

Starting from October 15, 2026, NPCI is introducing MDR on certain UPI payments:

🟠0.4% — for P2M payments above ₹2,000
🟠 Maximum — ₹300 per transaction
🟠 In certain categories (fuel, railways, telecommunications, insurance) — ₹5 per payment above ₹2,000
🟠 Payments up to ₹2,000 remain free of MDR
🟠 Transfers between individuals (P2P) — free
🟠 For small merchants (P2PM), MDR also remains zero

🔔 For ordinary users, practically nothing changes: the fee is charged to the business, not the customer.

The main goal is to compensate the UPI ecosystem for the costs of infrastructure, cybersecurity, and development of the payment network.⚡

#news #india #upi #npcI #payments #paymentprocessing #p2p #p2pprocessing #p2m #fintech #digitalpayments #paymentinfrastructure #merchants #psp #indiaP2P #indiaPayments

@p2pprocessing 📱 Contact Us - @TravisTL - t.me/TravisTL

🤝Important for Partners