Discover all the payments and fintech-related news and analysis about Russian Federation in The Paypers News, Reports, along with other Russian Federation-specific insights on the payments and fintech industry:
Discover all the payments and fintech-related news and analysis about Russian Federation in The Paypers News, Reports, along with other
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The Bank of Russia has revealed that the digital rouble platform will support interactions with other central bank digital currencies (CBDCs).
cryptocurrency, CBDC, central bank, digital assets
Russia-based Sberbank has confirmed its participation in the digital ruble pilot spearheaded by the Russian Central Bank.
CBDC, partnership, central bank, banks, cryptocurrency
Russia plans to initiate its first cross-border payments using the digital ruble in the second half of 2025.
cross-border payments, digital payments, settlement, CBDC
The Russian Central Bank has revealed its decision to significantly expand its digital ruble pilot programme starting 1 September 2024.
CBDC, digital assets, cryptocurrency, central bank
Russian authorities have approved the sale of Goldman Sachs’ Russian subsidiary to the Armenian investment firm Balchug Capital.
financial institutions, banks, acquisition, financial services
The parliament of Russia has published a draft law that considers using digital assets for cross-border payments in a bid to overcome sanctions.
cross-border payments, digital assets, digital payments, regulation
Tinkoff has cancelled interest payments due later in March 2023 on a dollar-denominated Eurobond, days after being targeted with Western sanctions.
payments , Russia Ukraine War, banks, financial institutions, financial services
Reports have surfaced that JPMorgan Chase and HSBC inadvertently processed payments for companies associated with Yevgeny Prigozhin, the former leader of the Wagner Group.
financial services, transactions , payments , financial sanctions
Russia-based MTS Bank has announced that it will hold an Initial Public Offering (IPO), aiming to accelerate its development and growth process.
product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions
Russia's central bank has cancelled the banking license of American Express's Russian subsidiary after it filed for voluntary liquidation.
central bank, banking license, cryptocurrency, payments
Cryptocurrency exchange Binance has entered an agreement to sell its whole of its Russia business to CommEx.
cryptocurrency, blockchain, compliance, acquisition, digital assets
Russia’s Federation Council has recently passed a bill that grants legal authority to the country’s central bank digital currency (CBDC).
cryptocurrency, CBDC, central bank, regulation
Russia has announced it will adopt a unified facial payment system by the second half of 2025 aiming to onboard millions as non-card payment systems gain preference.
biometric authentication, payments , facial recognition, fraud detection, banks
Russia has decided on a strict ban on crypto circulation to bolster the ruble amidst geopolitical tensions.
cryptocurrency, Ethereum, Bitcoin, digital assets, regulation
Russia-based online bank Tinkoff has announced its plans to issue up to 130 million additional shares in order to fund a deal to integrate Rosbank into its structure.
banking, mobile banking, digital banking, online banking, financial services, financial institutions
Bank of Russia has set out to launch its central bank digital currency, known as the digital ruble, by July 2025, following successful pilot tests.
stablecoin, CBDC, digital currency, digitalisation, central bank
The government of Russia has given up on its plans to create a national cryptocurrency exchange and will direct its focus elsewhere.
cryptocurrency exchange, cryptocurrency, cross-border payments, regulation
Samsung Pay, a South Korea-based payment service, has announced its decision to stop working with Russia’s national Mir payment cards starting April 3 2024.
regulation, payments , online payments, mobile payments, digital payments, ecommerce
A recent ruling by a St. Petersburg arbitration court in Russia has mandated the seizure of assets, accounts, property, and shares owned by UniCredit, a major Italian bank, and its subsidiaries.
asset recovery, financial sanctions, lending, banks
The Russian Central Bank has advised businesses to explore diverse payment solutions, including cryptocurrencies as a response to Western sanctions.
cryptocurrency, digital assets, financial sanctions, central bank