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Credit Bank of Moscow - MKB and Bank DOM.FR have announced that they are preparing to issue UnionPay cards starting with Q1 2023.
credit card, expansion, Issuer, financial sanctions, card scheme
The Paypers has compiled thorough research on the financial sanctions imposed on the Russian Federation in the last two weeks. We aimed to help create a clearer picture of the complex economic machinations that the global payments, banking, and ecommerce ecosystems are faced with
Russia Ukraine War, European Commission, Visa, MasterCard, American Express, central bank, financial sanctions
European Union ambassadors have agreed to exclude seven Russian banks from the SWIFT system, but spared Sberbank and a bank part-owned by Russian Gazprom.
regulation, banks, SWIFT, Russia Ukraine War, financial institutions
Switzerland-based Gazprombank, a subsidiary of the Russian bank, has been approved by the Swiss Financial Market Supervisory Authority (FINMA) to offer crypto services.
Gazprombank, Swiss Financial Market Supervisory Authority, FINMA, cryptocurrency, Switzerland, Bitcoin
Aon, a large insurance broker, has announced that it will provide cryptocurrency coverage for clients of Metaco, a digital asset custody technology company.
Aon, Metaco, cryptocurrency, insurance, digital asset custody technology, payments , hot wallets, cold wallets
Sberbank has agreed to acquire a 51% stake in Speech Technology Center (STC) from Gazprombank.
Sberbank, Gazprombank, biometrics, machine learning, voice, Russia
Gazprom, a Russian state-owned gas company, could soon to begin using blockchain to execute and monitor business contracts.
Gazprom, blockchain, payments , supply chain, Russia, blockchain automated processes
Vkontakte, a Russian social media platform, has been working on developing its own cryptocurrency, Crypto Slate cited RNS, a Russian news outlet.
VKontakte, Russia, social media, cryptocurrency, crypto wallet
Tinkoff Bank has become an early adopter of the Bank of Russia’s Faster Payments System (FPS) as it continues to build out its payment services ecosystem.
Tinkoff Bank, Faster Payments System, Russia, instant payments
UnionPay has announced that Huawei users in Russia can benefit from a new mobile payment option, Huawei Pay.
Huawei Pay, Huawei, Russia, mobile payments, Gazprombank, Russian Agricultural Bank
Avaloq and crypto-asset custody infrastructure specialist METACO have teamed up with Gazprombank, a Swiss bank, to implement their integrated crypto asset solution.
Avaloq, Metaco, Gazprombank, cryptocurrency, crypto assets, Switzerland, partnership, blockchain
Gazprombank, a large Russian financial institution, together with the Russian Quantum Centre have successfully tested a quantum-safe blockchain.
Gazprombank, Russian Quantum Centre, quantum blockchain, Russia, blockchain, innovation, security, cryptocurrency
Russia’s Central Bank and the National System of Payment Cards have announced the launch of first cards of the Mir payments system by 7 Russian banks, according to tass.ru.
Russian banks, cards, Mir payment system
Five Russian banks have agreed to start processing domestic MasterCard payment transactions via the National Payment Card System (NCPS) processing center implementing settlements on these transactions through Bank of Russia.
Russia, banks, national payments system, MasterCard, settlements, transactions , cards, card scheme, citizens
Russian MDM Bank has partnered China’s Union Pay national payment system to issue Union Pay-based cards, standartnews.com reports, citing the Russian news agency Itar Tass.
China, Russia, Union Pay, MDM Bank, payments system, online payments, national payments system, cards, online transfers, money transfers