New Rules To Reduce Enforcements A 'Win-Win' For Lithuania's Payment Firms
The Bank of Lithuania has recently enacted amendments to regulatory acts allowing for “peaceful” or …
Verification Of Payee Becoming Certified Problem For EU PSPs
Verification of Payee (VoP) rules go live in the EU one year from now, and …
Poland Withdraws Payment Institution Licence
The Polish Financial Supervision Authority (KNF) has withdrawn Conotoxia’s authorisation to operate as a domestic …
Payment Service Complaints In Lithuania At Record Low, Says Central Bank
The Bank of Lithuania has attributed the decrease in the number of complaints about payment …
Bank Of Lithuania Revokes Kevin Licence Following Bankruptcy Proceedings
Kevin EU lost its payments licence earlier this week, when the Lithuanian central bank found …
Singapore Orders Qoo10 To Suspend Payment Services Over Merchant Delays
The Monetary Authority of Singapore has directed e-commerce platform Qoo10 Pte Ltd to suspend its …
Back To School For Lithuania As Regulator Fines Two Payment Firms
The Bank of Lithuania has issued significant penalties and restrictions against two key financial institutions, …
WeChat Pay Fined In Hong Kong For Failure To Act On Scam Alerts
The Hong Kong Monetary Authority (HKMA) has imposed a six-figure fine on WeChat Pay after …