Private banks and credit cards appeared in Russia relatively recently – in the early 1990s after the collapse of the USSR. The local banking system developed from scratch, and didn’t have to depend on old software solutions, thus avoiding many of the intermediate development stages that more advanced economies had to go through.
As a result, Russian banks are now among the most innovative in the world. Russia Beyond has reviewed some of the features these banks offer, making Russia one of the most advanced countries in this field.
“We have come to the conclusion that we live in 2119 and not 2019,” writes the online publication.
10 Russian online banking features that you probably don’t haveRead More
