Fintech

Russia’s Sberbank joins international blockchain project

August 31, 2017

Under an agreement signed last week with the Linux Foundation, Sberbank, the Russian savings giant, is joining the Hyperledger Project. Launched in December 2015, the Hyperledger Project defines itself as “a collaborative effort created to advance blockchain technology by identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way …

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Blablacar starts to monetize in Russia

November 12, 2020

BlaBlaCar, the Paris-based global ridesharing giant, will now take a fee from passengers for every booking in Russia and neighboring countries. Since the company launched in the area in 2014, passengers had enjoyed free access to book their trips. They only had to pay cash to the driver to share riding costs. Blablacar says that its approach is to …

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Google and Yandex are ”key threats” to banks, says Sberbank’s CEO

September 26, 2016

The head of Russia’s biggest bank, Sberbank, has named online giants such as Google and Yandex as the ”key threats” to the company. Sberbank CEO German Gref warned that traditional banks are set to lose out as increasing amounts of money are being transferred online through services such as Facebook and Yandex Money. “The problem …

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Cryptocurrencies can destroy Russian economy, says state official

October 3, 2016

According to Paul Livadniy, the deputy director at the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitrong), cryptocurrencies such as bitcoin threatens the Russian economy and could lead to its destruction. As reported by Russian publication Lenta.ru, Livadniy compared cryptocurrencies to traditional currencies. While the latter are issued by the state — providing greater controls such as …

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Short-term loans: The limits of Google’s global search monopoly

September 27, 2016

In July Alphabet, the holding company that controls Google, suspended placement of contextual ads for 60-day loans in the AdWords advertising service. The announcement of this decision in May caused a storm of protest in the financial community in the USA. Commenting on the ban, the search engine refers to some research which shows that …

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Blockchain and bitcoin enthusiasts to discuss industry trends in Moscow (Nov. 10)

September 8, 2016

On Nov. 10, Moscow will host the Blockchain & Bitcoin Conference Russia, a leading industry conference to highlight the current situation and future prospects for Blockchain and bitcoin in Russia. Among the expected speakers are developers of financial and technical services, financial experts and entrepreneurs, lawyers and investors. The agenda will cover the implementation of …

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Russian players invited to discuss trust-based technologies in Cannes (Nov. 29 – Dec. 1)

September 7, 2016

Players from Russia and other Eastern-European countries are cordially invited to Trustech, a leading international event dedicated to trust-based technologies. This 3-day conference be held on November 29 – December 1 in Cannes, France. Some 18,000 attendees from more than 130 countries are expected, including more than 1,800 CEOs, 400 exhibitors and sponsors, and some 250 …

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Russia reverses plan to penalize bitcoin use

October 3, 2016

Russian authorities have gone back on their idea to penalize whoever is caught in bitcoin operations in the country, says a report by Russian news agency Interfax. Though Interfax referenced unnamed sources close to the Russian government’s financial departments, it suggested that representatives from the country’s Ministry of Finance, central bank, and other government bureaus are …

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The fintech world beyond Silicon Valley and Europe: Emerging market contenders

July 28, 2016

According to a recent study by Accenture, investments in fintech hit $5.3 billion in the first quarter of this year (having grown 75% in 2015). Most of the investments have occurred in the U.S. and Europe, with a marked exception this year when China’s Ant Financial completed a staggering $4.5 billion raise at a $60 billion valuation, making it one …

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Yandex.Money introduces payments in live chats and on users’ wrist

July 22, 2016

Yandex.Money, a leading Russian e-wallet with about 25 million user accounts, has made its app available on the Apple Watch. The app appears on the screen of the watch as soon as users update correspondingly the Yandex.Money app on their smartphones. Thus Yandex.Money users can top up their mobile phones or transfer money to friends right from …

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Consumer habits, payment methods, legislation: The latest trends on the Russian e-payment scene

October 6, 2016

Even though the Russian online payment industry has seen the emergence of a variety payment instruments – with online payment services becoming more and more popular, – the market cannot be characterized as fully mature yet as this term may be understood in countries where electronic forms of payment already prevail. In this article, Elena …

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New report highlights latest trends in global payment and e-commerce industries

August 2, 2016

The Paypers, a major news and research agency covering the international payments industry, has just released the 2016 edition of its Ecommerce Payment Methods Report. An educational overview of the global payments industry, this report’s focuses on providing a framework for an easy understanding of the mechanism behind card-based and alternative payments within the wider standpoint of …

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