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Russia, India to create RuPay – Mir connectivity

News | Online Payments | 24 Aug 2022

The Russian and Indian Governments have gotten closer to an agreement to have cards based on Russia’s Mir payment system be accepted at ATMs and POS in India.

Russia Ukraine War, financial sanctions, UPI, cross-border payments

UnionPay expands Russian penetration through MKB and DOM.FR

News | Cards | 01 Aug 2022

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 state of Open Banking in Central and Eastern Europe – Finqware interview

Interviews | Online & Mobile Banking | 16 Feb 2021

Cosmin Cosma, Finqware’s CEO, shares insights on Open Banking’s presence in CEE, its struggles, benefits, and use cases, along with how banks react to this new environment

Finqware, Open Banking, Europe, Romania, Central Eastern Europe, banks, API

ACI Worldwide, Capsys, T-Systems to power majority of Hungary's real-time payments

News | Payments General | 01 Sep 2020

ACI Worldwide, a global provider of real-time digital payment software and solutions, has announced that it powers approximately 75% of Hungary’s real-time payments.

ACI’s Retail Payments, PSD2, banking, Hungary, real time payments, OTP Bank, Erste Bank Hungary, EBH, Takarekinfo, Capsys, T-Systems, origination, processing, clearing, fraud detection

MKB and MTB partner to launch joint holding company in Hungary

News | E-invoicing, SCF & E-procurement | 19 May 2020

Hungary-based MKB Bank and savings and loans group Magyar Takarekszovetkezeti Bank (MTB) have signed a letter of intent to establish a joint financial holding company.

Hungary, MKB Bank, Magyar Takarekszovetkezeti Bank, MTB, banking, banks, Magyar Bankholding Zrt, National Bank of Hungary, NBH

Billingo to digitalize the billing services with Salt Edge data aggregation

News | E-invoicing, SCF & E-procurement | 25 Mar 2020

Billingo, the online invoicer in Hungary, has joined hands with Salt Edge, a provider of Open Banking solutions, to offer a range of opportunities fuelled by bank data aggregation, without having their own PSD2 licence.

Billingo, billing, Salt Edge, data aggregation, invoice, Open Banking

Credit Bank of Moscow, Visa release payment-enabled rings in Russia

News | Payments General | 04 Sep 2018

Visa and Credit Bank of Moscow have partnered to introduce payment-enabled rings in Russia to allow consumers to make purchases across all contactless-enabled payment terminals.

Credit Bank of Moscow, Visa, payment, Russia, mobile payments

MKB takes digital leap with Oracle

News | Payments General | 18 Jul 2018

Hungarian bank MKB has completed the transformation of its entire technology system.

MKB, Oracle FLEXCUBE, digital transformation, Hungary, open baking