PLUS-dailyRSS
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Mastercard and NSPK to develop cross-border services for instant fund transfer systems
Mastercard and NSPK signed a letter of intent to cooperate in the development of a faster cross-border payment system.
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Central Bank continues to introduce international standards for banking capital calculation
The capital calculation methodology has been updated to introduce an additional deduction from the sources of additional capital of banks with a universal license for investments in the so-called TLAC instruments of global systemically important banks (G-SIB).
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New Speakers and Partners Joining PLUS-Forum CIS
The organizers of the International PLUS-Forum “FinTech Borderless. Eurasia Digital” that will be held in Minsk on November 21-22, 2019 present an updated list of participants.
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Mir card transaction volume exceeded 18.5%
This was reported by Alla Bakina, Head of National Payment System Department, Bank of Russia, speaking at the session “Cash circulation.
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FinTech to become prime driver of IT development in Russia
This statement was made by Nikita Lomov, Head of Analytics, Russian FinTech Association (AFT), speaking at the special session “Fintech Borderless” held as part of the 11th International PLUS-Forum “Cash Circulation + Self-service. Banking and Retail 2019” in ECC Sokolniki in Moscow.
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Sberbank launches international money transfers to Visa and Mastercard cards
Sberbank launches a service of international money transfers to Visa and Mastercard cards via the Sberbank Online mobile application.
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Moscow Metro Fares Can Be Paid by UnionPay Cards Now
Turnstiles at over 150 Metro stations in Moscow started to accept the cards of international payment system UnionPay.
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Over 27 thousand trips on land transport are paid by bank cards and smartphones daily
Over 27 thousand trips per day are paid by Moscow land transport passengers using bank cards and smartphones that support contactless payment functionality.
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Eight foreign banks join Russia’s alternative to SWIFT
Eight foreign banks have signed-up for the Financial Messaging System (SPFS), a Russian version of SWIFT. Some members have launched engineering works to get connected.
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Masterchain becomes Russia’s first ever certified blockchain platform
On October 7, the Russian Federal Security Service issued their positive expert opinion on the Cryptographic Information Protection Facility (CIPF) of Masterchain, a blockchain platform developed by the FinTech Association (AFT) together with CryptoPro, financial market participants...
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Bank of Russia: non-cash payments are gaining momentum
According to the Bank of Russia’s statistics for 1H2019, the number of non-cash transactions, such as payments for goods and services, transfers between cards and from cards to bank accounts or deposits, exceeds 90% of bank card transactions.
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Rostelecom to empower FPS with biometrics payments for purchases
Rostelecom, the operator of biometric data collection system, reportedly plans to implement a facial biometrics based payments for purchases in the Faster Payment System (FPS).
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The first PLUS-Forum CIS will bring together FinTech experts
We introduce the key speakers of the International PLUS-Forum “FinTech Borderless. Eurasia Digital” to be held in Minsk, the CIS capital, on November 21–22, 2019.
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Biometric fare collection in Moscow metro: date of pilot launch announced
According to Maxim Liksutov, Head of Moscow Transport Department, a pilot face recognition system for fare collection in the Moscow metro can be introduced by the end of 2020.
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Herman Gref: banks wishing to develop should up classic strategies
Delivering an open lecture in Novosibirsk, Sberbank Head Herman Gref said that modern banks need replace classical development strategies with transformation into technology companies and ecosystems.
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Banks tested QR-payment via FPS
Promsvyazbank (PSB), SKB Bank and Russian Standard Bank made Russia’s first ever purchases through FPS using a dynamic QR code.
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E-passports to be equipped with Mobile ID technology
According to a participant of the meeting of the Task Force on Digital Public Administration at the ANO Digital Economy held on 22 August, MNOs suggested equipping e-passports with the Mobile ID technology for remote identification.
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Cyber threat intelligence sharing platform helped banks prevent 8bn ruble loss
BI.ZONE and the Association of Banks of Russia have summarized the results of the first year of operation of the cyber threat intelligence sharing platform that already includes some 70 financial institutions.
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TRUSTECH 2019 will call together professionals of the industry in Cannes in November.
From 26 to 28 November 2019, professionals of the cards and digital trust technologies industry will be taking centre stage at the Palais des Festivals in the prestigious setting of Cannes / French Riviera.
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Mastercard to launch over-the-phone cross-border transfers in Russia
Mastercard plans to launch a service allowing phone numbers to be used for card-to-card cross-border transfers in Russia.