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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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Russian fintechs to use Open Banking APIs

News | Online & Mobile Banking | 12 Jul 2021

Promsvyazbank and Tochka, a fintech-focused service for SMEs, have begun using an Open Banking API implemented by the Bank of Russia and the Russian Fintech Association (RFA).

banks, central bank, Open Banking, API, fintech, SMEs, regulation

Russia's finance ministry to consider crypto legislation

News | Cryptocurrencies | 21 Feb 2022

Russia's finance ministry has said it would take proposals on cryptocurrencies from the country's central bank into account so long as they do not contradict its own approach.

regulation, central bank, cryptocurrency, digital assets

Tinkoff to buy up to 7.5% stake in SPB Exchange

News | Online & Mobile Banking | 07 Jun 2021

Russia-based Tinkoff has signed a cooperation memorandum agreeing to purchase a stake of up to 7.5% in SPB Exchange.

acquisition, financial institutions, online security

VTB and Visa launch a service for 'paying with a glance'

News | Digital Identity, Security & Online Fraud | 24 Jun 2021

VTB and Visa have launched a service to pay for orders in the network of culinary shops based in Russia (KiO Kitchen) without using a smartphone or card.

partnership, Visa, biometrics, digitalisation

Fidesmo, ISBC expand to Russia to offer the wearable payment service Fidesmo Pay

News | Online Payments | 15 Apr 2021

Fidesmo has expanded to Russia together with the company ISBC to reach millions of potential users as eight leading Russian banks now offer the wearable payment service Fidesmo Pay.

contactless payments, expansion, tokenization

Alfa-Bank Russia uses NICE authentication to boost security

News | Digital Identity, Security & Online Fraud | 21 Oct 2020

Alfa-Bank Russia has deployed Real-Time Authentication (RTA) solution from NICE, to enable instantaneous verification for its customers.

Alfa Bank, Russia, Real-Time Authentication, Nice, fraud prevention, banking, fraud prevention

Tinkoff suspends outgoing SWIFT transfers

News | Online & Mobile Banking | 07 Jul 2022

Russian online bank Tinkoff has suspended outgoing SWIFT transfers in foreign currencies until October 2022, after it had struggled with such transactions due to restrictions on Russia's banks.

SWIFT, regulation, financial sanctions, Russia Ukraine War

VTB launches international card-to-card transfers

News | Online & Mobile Banking | 21 Apr 2020

Russia-based VTB Bank has announced that users can now transfer money to customers who own cards belonging to foreign banks.

VTB, card, Transfer, bank, Commission, Russia, mobile app, internet banking

Russia's Rosbank launches palladium token

News | Cryptocurrencies | 19 Jul 2022

Russia-based bank Rosbank has partnered with blockchain company Atomyze to issue the first palladium-backed digital asset called ‘palladium token.’

product launch, partnership, stablecoin, blockchain, crypto

Digital assets bill to outlaw crypto trading in Russia

News | Cryptocurrencies | 18 Mar 2020

Bank of Russia (BoR) has announced that the new version of the bill on digital assets will include a ban on issuing and selling cryptocurrencies.

Bank of Russia, digital assets, crypto trading, issuance, Bitcoin, ether, tokenisation, security tokens, Nornickel, stablecoins

Tinkoff buys majority stake in Beskontakt

News | Online & Mobile Banking | 29 Apr 2021

Financial and lifestyle services provider Tinkoff Group has announced its acquisition of a majority stake in Beskontakt, the developer of Koshelek digital wallet, according to the official press release.

online banking, acquisition, e-wallet

Mir cardholders can now use Apple Pay

News | Mobile Payments | 20 Jul 2021

The Mir payment system has announced that holders of Mir cards can now use Apple Pay.

Apple Pay, online payments, mobile payments

Yandex agrees on USD 5.5 billion deal for Russian challenger Tinkoff Bank

News | Online & Mobile Banking | 23 Sep 2020

Russia-based fintech Yandex has agreed on a USD 5.5 bln deal to acquire online bank Tinkoff.

Yandex, Tinkoff, challenger bank, banking, online bank, digital bank, fintech, financial technology, mergers and acquisitions, acquisition, Russian Federation, Russia

Tinkoff selects Anodot to improve its customer experience

News | Digital Identity, Security & Online Fraud | 24 Jun 2021

Tinkoff has selected Anodot, a business monitoring company, to help safe-proof the way customers experience payments and trading on the Tinkoff platform.

partnership, fintech, artificial intelligence, data

UnionPay, Huawei, Solidarnost Bank enable Huawei Pay transactions in Russia

News | Mobile Payments | 04 Jan 2021

UnionPay International has announced that cardholders using Huawei or Honor smartphones with Solidarnost Bank will now be able to make contactless payments with Huawei Pay in Russia.

UnionPay International, Huawei, Solidarnost Bank, Huawai Pay, Russia, Europe, mobile payments, contactless payments

Tinkoff's super app now features marketplace

News | Payments General | 18 Jun 2020

Russia-based Tinkoff has partnered with online marketplace to feature the latter on Tinkoff’s super app.

Tinkoff,, super app, marketplace, cashback, OpenAPI, partnership, Russia

Nike to temporarily close its stores in Russia

News | Payments General | 04 Mar 2022

US-based athletic leisure manufacturer giant Nike has announced it temporarily closes all its stores in Russia, amid the ongoing conflict in Ukraine.

Russia Ukraine War, ecommerce, online platform, online shopping, regulation, financial sanctions, Nike

Cross-border ecommerce in Russia – facts and figures

Voice of the Industry | Ecommerce | 16 Feb 2021

Nadezhda Vinogradova from Data Insight sheds light on the intricate particularities of the Russian cross-border ecommerce market, providing specific examples and stats

Nadezhda Vinogradova, Data Insight, Russia, Europe, ecommerce, cross-border ecommerce

Russia's central bank keeps key interest rate at 20%

News | Payments General | 18 Mar 2022

Russia's central bank kept its key interest rate at 20% on 18 March following an emergency rate hike in late February and warned of an imminent spike in inflation and a looming economic contraction.

central bank, regulation, financial institutions, financial sanctions, Russia Ukraine War, interest rate

New merchants accept payments with UnionPay cards in Russia

News | Online Payments | 28 Oct 2021

China-based UnionPay and Russian Standard Bank have announced 5 new Russian merchants who now accept UnionPay cards for online payments.

UnionPay, partnership, expansion, online payments, POS, credit card, debit card, merchant