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OTP Bank, a Hungary-based listed retail and corporate bank, has selected Iliad Solutions as its payment testing provider in a new multi-year deal.
partnership, banking, financial services, financial institutions
TBC Bank’s David Kikvidze shares insights into Georgia’s fintech boom and the country’s Open Banking implementation process, as well as what to expect in the future.
Open Banking, Open Finance, banks, fintech, PSD2, regulation, API
Maria Vinogradova of OpenWay addresses the number of instances where e-wallets can fail financial inclusion goals while also detailing how to create a successful financial inclusion offering.
mobile payments, e-wallet, financial inclusion, PCI DSS, PSP, payments infrastructure
Uzbekistan's UZCARD has suspended payments processing through Mir cards issued by Bank of Russia's National Card Payment System due to necessary technical procedures.
payment processing, financial sanctions, online payments, payment processor
Isbank and Denizbank, two Turkey-based lenders, have suspended the use of Russian payments system Mir to banks, following US crackdown.
banks, payments , Russia Ukraine War, regulation, transactions
Iran’s Ministry of Industry, Mine and Trade has approved the use of cryptocurrencies as payment methods for imports.
cryptocurrency, digital assets, central bank, cross-border payments
The Central Bank of Iran has entered negotiations to join Russia’s Mir card payment system in order to improve regional trade and bypass US sanctions.
online payments, payment processing, payments , payment processor
Following the decision of Visa and Mastercard in early March 2022, followed by Chinese UnionCard, to back away from its territory, Russia has pushed the adoption of the homemade MIR cards, according to EWDN.
Russia Ukraine War, Visa, MasterCard, debit card
Eli Shoshani, Head of APAC at Bottomline, shares his predictions for the future of alternative payments networks.
Bottomline Technologies, Russia Ukraine War, financial sanctions, banks, online payments
Tinkoff has launched a new service enabling clients of foreign banks to make transfers using their phone number.
Uzbekistan, People’s Bank, Finastra, risk management business, fintech, Fusion Risk, automation, FinExtra Group, Neoflex, single point of control, user experience, ALM, FTP, IFRS 9, Basel II, Basel III
Uzbekistan has updated its regulations regarding payments systems, to clarify whether companies need to be licensed for providing payment services in the country.
Uzbekistan, Central Bank of Uzbekistan, Rules on the Issuance and Circulation of Electronic Money, e-money, electronic money, online payments, payments regulation
UnionPay International has teamed up with institutions from Georgia, Uzbekistan, Kazakhstan, and Russia to introduce several payments services in these countries.
UnionPay, Eurasia, Georgia, Uzbekistan, Kazakhstan, Russia, card