April 18, 2024
New developments in Brazil see the Secretariat of Awards and Prizes (SPA) publish the ‘Normative Ordinances’ related to payment authorisations, required to establish the general rules that operators of sports betting and online gaming in the country must abide by for financial transactions. Titled as ‘the Payment Ordinance‘, the framework dictates that deposits, withdrawals, and prize payments can only be …
Read More »March 4, 2024
Banco Central do Brasil has been authorised to expand the Pix payment platform internationally to accommodate cross-border transactions for Brazilian businesses. The decision was taken following a meeting of the Central Bank’s policy advisors on how to maximise global cross-border payment authorisations and efficiencies helping expand Brazil’s international network and resources for business. Pix was first launched by the central …
Read More »February 13, 2023
Loterj – The State Lottery of Rio de Janeiro has notified sportsbook system/platform providers that it will press ahead to launch and complete its fixed-odds betting tender in 2023. The announcement was made by Loterj President Hazenclever Lopes Cançado at ICE London’s ‘VOX 2023 – World Regulatory Briefing‘. Lopes Cançado informed delegates that in ‘approximately 120 days’ Loterj will launch its …
Read More »February 8, 2022
Understanding the payment landscape and evolution in Brazil is the backbone of our business, AstroPay CEO Mikael Lijtenstein told SBC Noticias, as he dives into the company’s offering in Latin America and how PIX “can further real-time payments and foster financial inclusion”. SBC: Why is Latin America such an attractive market for AstroPay to explore? And what key considerations should …
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