The personal details of millions of Sberbank customers may have been leaked, in what would be the largest-ever data breach in Russian banking, according to cyber security experts. Analysts at cybersecurity firm DeviceLock found personal information relating to up to 60 million Sberbank credit card holders for sale on the black market. They were able …
Yandex, the NASDAQ-listed Russian Internet giant, and VTB, a major Russian state-owned bank, intend to launch a B2C online investment platform. Meant for a large, non-professional audience, the platform will allow users to trade shares and other financial instruments, as reported by The Bell earlier this week. Alfa Bank, Sberbank and Tinkoff offer similar services, …
Yandex teams up with VTB to launch investment platform Read More
Russia’s largest bank Sberbank and Trafigura Group Pte. Ltd of Singapore made a pilot blockchain transaction as part of a West Siberian oil sales deal during Russia’s Eastern Economic Forum on September 5, Sberbank said in a press release. Sberbank purchased from Trafigura its accounts receivable of a major Turkish trader. Sberbank and Trafigura agreed on the …
Russia’s Sberbank and Singapore’s Trafigura secure oil sales transaction via blockchain Read More
Last week Mediascope (formerly known as TNS Russia) released a study on how the Russian population uses electronic payment means. Conducted in June and July 2019, the research involved 3,500 inhabitants from 12 to 55 years of age from large Russian cities (over 600,000 inhabitants). Mediascope has analyzed the evolutions since its previous study in …
In association with leading international publications, East-West Digital News presents a series of expert analysis and thought leadership pieces to shed light on global e-commerce and e-payment trends and prospects. This article by ThePaypers offers an analysis of Facebook’s Libra project, its business goals, technical background and implications for users and the payment industry. On …
What you need to know about Facebook’s Libra, the next-coming cryptocurrency giant Read More
Leading Russian consumer lender TCS Group that operates Russia’s only pure online bank Tinkoff Bank has launched B2B speech recognition services, Kommersant daily reported on July 22 citing representatives of the company. TCS will allow third parties to develop their own voice recognition applications such as voice assistants and robots for call centres using the Tinkoff VoiceKit. Tinkoff Bank’s …
Sberbank, the state-controlled financial giant in Russia, is going to acquire 25% stake in PayZakat, the bank stated without disclosing the financial details of the deal. This Moscow-based startup has developed a payment platform to help Muslim users collect obligatory and voluntary alms. With the help of PayZakat’s bots in social networks, Muslim users can calculate their …
Sberbank invests in PayZakat, a payment system that helps Muslims collect alms Read More
In association with leading international publications, East-West Digital News presents a series of expert analysis and thought leadership pieces to shed light on global e-commerce and e-payment trends and prospects. This first article by ThePaypers is an analysis of the global landscape of solution providers, which highlights the salient differences that currently exist between them. …
How international solution providers reshape today’s global payment ecosystem Read More
Crypto regulation is not a priority for the authorities since cryptocurrencies have lost their popularity, the Russian prime minister has recently argued. Prime minister Dmitry Medvedev’s comments were reported by Russian news agency Fontanka on May 16. “The popularity of cryptocurrencies has decreased so far, which likely makes the regulation issue not that relevant already,” said the prime minister at an annual …
A court case in Russia has signaled a change in the attitude authorities have towards the cryptocurrency space, at least on first glance. After prosecutors gave up their efforts to block the website – citing the upcoming Russian legislation meant to regulate Bitcoin – Bestchange.ru will be allowed to restore normal operations. This online portal …
Russian prosecutors take softer stance on crypto website Read More
British digital bank Revolut is at risk of losing its European banking licences amid fresh questions over its alleged links to the Kremlin. The company, one of Europe’s fastest growing fintechs, was granted its European licences through the Bank of Lithuania in December. The move was designed to help the nation challenge the UK as Europe’s financial technology …
“Visa announces technical implementation of cash withdrawal services at cash registers at trade and service enterprises in Russia. The service is currently being tested as a pilot in partnership with Russia’s The Parmesan retail chain and the Agricultural Bank,” the company said. The plans for the payment system include making the service available throughout the …
Visa launches cash withdrawal pilot project in Russia Read More
