Latest Trends in iGaming and Payments: November 2024

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At BetaTransfer, we’ve gathered the most significant updates from November: regulatory changes in Brazil’s iGaming market, advancements in cryptocurrency payment solutions, and key developments in A2A transactions.

Brazil: Stricter Rules for iGaming Operators

November brought new laws in Brazil impacting online bookmakers. Companies are now required to obtain licenses, pay higher taxes, and adhere to strict AML/KYC standards. This has prompted platforms to shift towards localized payment methods. Cryptocurrencies and P2P solutions are rapidly gaining traction as alternatives to traditional banking channels.

Instant Payments Advancing in Europe

The European Commission announced plans to fully implement SEPA Instant Payments by 2025. This initiative is set to accelerate financial operations, particularly benefiting iGaming operators by enabling faster deposit and withdrawal processing across the EU.

Latin America’s Growing Embrace of Crypto Payments

In countries like Mexico and Colombia, iGaming platforms have recorded a 30% increase in cryptocurrency payment volumes this year. Binance Pay and local crypto projects are becoming essential components of the payment ecosystem.

Emerging Threats to Payment Security

Push payment fraud (APP) is on the rise in India and the UK. To combat these risks, companies are implementing Confirmation of Payee (CoP) technologies, enhancing customer protection and minimizing losses.

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