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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
The European Central Bank (ECB) has warned that the European arm of Sberbank faces failure, after a run on its deposits sparked by the backlash from Russia's invasion of Ukraine, Reuters states.
Russia Ukraine War, central bank, ECB, Sberbank, SWIFT, regulation
Russia-based airlines company Aeroflot has signed sustainability-linked loan agreement worth USD 320 million with Sovcombank.
supply chain finance, lending, trade finance
Aeroflot has added the Pass2U e-wallet functionality to its Android app, providing a streamlined way to store tickets, boarding passes, and bonus cards.
Aeroflot, Pass2U, e-wallet, app, Android, iOS, Apple Wallet, mobile payments
The republic’s largest bank has finished the procedure of switching all plastic cards to Russia’s Mir payment system.
Crimea, Visa, MasterCard, payment system, cards, ATM
TUI Airs, a large tourism company, has started using blockchain to track internal contracts and aims to expand the technology to additional applications across its business lines.
TUI Airs, TUI Group, tourism company, blockchain, BedSwap, real time data, distributed network
Aeroflot, a large Russian airline company, has been investing over USD 400,000 to study the possible applications of cryptocurrencies and blockchain in its operations.
Aeroflot, cryptocurrency, blockchain, innovation, Russia, payments , investment, EWDN
UnionPay International has entered an agreement with financial institution Alfa Bank to launch the UnionPay card payment service for ticket purchasing.
UnionPay, Alfa Bank, online ticket purchasing, card payment service, Aeroflot-Russian Airlines, online payments