Blanket ban on RMG jolts payment processors; Yes Bank hit hardest

The government’s blanket ban on real-money online gaming is set to affect payment gateways, many of which drew a significant portion of their revenues from the sector. According to industry experts, gaming contributed between 15% and 20% of volumes and 40–50% for some processors.

“Gaming was not just large in size; it was high-yielding. For a few players, half the business has gone overnight,” said an industry insider familiar with the company’s operations.

Real-money gaming was among the most lucrative categories for payment firms due to…