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Vixio LinkedIn Live: A Regulatory Roundup of June's Payments News

This month’s episode digs into June’s regulatory updates across the UK, EU and Australia, highlighting developments in MiCA, DORA and the regulation of BNPL products in Australia.

This month’s episode digs into June’s regulatory updates across the UK, EU and Australia, highlighting developments in MiCA, DORA and the regulation of BNPL products in Australia.

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Our Vixio Live series is your monthly window into the complex world of compliance and regulations, where our experts use our Horizon Scanning tool to review the biggest regulatory changes that have happened during the previous month.

In this episode, Vixio experts Luke Baker and Jimmie Franklin examine the regulatory updates across various regions in June 2024.

Highlights include:

  • In the UK, the Payment Systems Regulator upheld strict anti-fraud timelines despite industry requests for extensions following a leadership change, while lawsuits against Visa and Mastercard for interchange fees were allowed to proceed.
  • In the EU, the implementation of MiCA led to regulatory updates and questionnaires, while the European Commission introduced new standards under DORA, and the EU also imposed new sanctions on Russia, Sudan, and cyber-attackers.
  • In Australia, the RBA considered requiring card networks to disclose scheme fees, and the Treasury moved to regulate BNPL products like traditional credit.

“Vixio GamblingCompliance is an important string to our bow in helping us to be as effective as possible in supporting our partners. The understanding that the team at Vixio have of global gambling regulation is tough to match in their field, and their ability to effectively communicate this knowledge is a big help for our team as we continue to expand globally. Regulatory and compliance teams of any size or experience can benefit from the expertise Vixio brings to the table, and they have helped us to stay abreast of developments and maintain the high standards we have set for compliance and integrity.”

Tommaso Di Chio

SVP Regulatory Affairs
and Compliance at Kambi

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