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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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Russia's digital rouble will be able to interact with other CBDCs

News | Cryptocurrencies | 24 Apr 2023

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

Sber to carry out Pay Sticker user testing

News | Online & Mobile Banking | 27 Jan 2023

Russia-based Sberbank has announced that in February 2022 it will launch one its largest Pay Sticker technology mass testing, offered to users free of charge.

mobile payments, product launch, NFC, payment methods, Sberbank

Payment System Entities receive Bank of Russia support in 2023

News | Online Payments | 03 Jan 2023

The Bank of Russia has announced that it would extend its support package for National Payment System (NPS) entities in 2023.

payment processing, central bank, financial sanctions, payments

Sberbank to participate in Russian Central Bank's Digital Ruble pilot

News | Cryptocurrencies | 16 Oct 2023

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 to initiate digital cross-border payments in 2025

News | Cryptocurrencies | 13 Jun 2024

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

CBR wants to test cross-border payments with companies

News | Cryptocurrencies | 21 Dec 2022

The Central Bank of Russia has decided to use cryptocurrencies for cross-border payments in trials with private companies.

cryptocurrency, central bank, cross-border payments, digital assets

Russia to expand digital ruble pilot

News | Cryptocurrencies | 09 Jul 2024

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

Russia considers using digital assets for cross-border payments

News | Cryptocurrencies | 24 Apr 2023

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 cancels dollar Eurobond interest payment

News | Payments General | 07 Mar 2023

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

HSBC and JP Morgan unwittingly processed payments for Wagner head

News | Payments General | 27 Sep 2024

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's VTB Bank targeted by a DDoS attack

News | Digital Identity, Security & Online Fraud | 07 Dec 2022

Russia-based VTB Bank has suffered the largest cyber-attack in its history and is having technical difficulties as a result.

hacking, banks, online security, data breaches

MTS Bank announced IPO in push for development

News | Online & Mobile Banking | 16 Apr 2024

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 revokes banking license of American Express subsidiary

News | Online & Mobile Banking | 14 Aug 2024

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

Binance leaves Russia with sale to CommEX

News | Cryptocurrencies | 27 Sep 2023

Cryptocurrency exchange Binance has entered an agreement to sell its whole of its Russia business to CommEx.

cryptocurrency, blockchain, compliance, acquisition, digital assets

Russia passes a bill giving legal authority to its CBDC

News | Cryptocurrencies | 20 Jul 2023

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 to ban crypto amid geopolitical tensions

News | Cryptocurrencies | 30 Apr 2024

Russia has decided on a strict ban on crypto circulation to bolster the ruble amidst geopolitical tensions.

cryptocurrency, Ethereum, Bitcoin, digital assets, regulation

Tinkoff to issue additional shares to fund Rosbank deal

News | Online & Mobile Banking | 25 Apr 2024

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 pursues digital ruble launch by July 2025

News | Cryptocurrencies | 01 Aug 2024

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

Russia abandons its plans to launch a national crypto exchange

News | Cryptocurrencies | 30 May 2023

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

Central Bank of Russia to test digital ruble transactions

News | Cryptocurrencies | 21 Feb 2023

The Central Bank of Russia has revealed its plans to launch a series of tests involving digital ruble transactions between real customers.

CBDC, central bank, cryptocurrency, digital assets