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Ministry of Energy of Kazakhstan proposes to limit cryptocurrency mining
According to a bill prepared by the Ministry of Energy, the total capacity of mining facilities operating in Kazakhstan is to be limited by 100 MW. Each facility may not consume more than 1 MW.
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Faster payments in Wildberries exceeded RUB1bn over month first time ever
Wildberries published a study on the use of the Russian Faster Payments System by consumers.
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BCG predicts Russia's leadership in cashless payments within next 10 years
Over the next 10 years, Russia will be driving up the volume of card payments, outstripping the world’s major economies and strengthening its global leadership, predicts The Boston Consulting Group (BCG) in its study.
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“Fintech Borderless. Eurasia Digital”. What has the first PLUS-Forum in Kazakhstan shown?
International PLUS-Forum “Fintech Borderless. Eurasia Digital” took place in Almaty on October 27-28, 2021. Today, we are going to acquaint PLUS readers with the key results of the event.
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DOM.RF Bank launches digital ruble pilot
DOM.RF Bank, in collaboration with the Bank of Russia, launches a digital ruble pilot, which involves testing the virtual currency in several stages.
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Russia becomes world’s third-largest bitcoin mining hub
Russia accounted for 11% of the total miners’ computing facilities in August, compared to 6.8% in April, according to a study conducted by the University of Cambridge.
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Sberbank to launch Islamic banking pilot
Sberbank plans to launch pilot sales of Islamic banking products in 1H 2022, says Sber SVP Oleg Ganeev.
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Central Bank of Uzbekistan approves regulations on digital identification of customers
The regulations on the procedure for digital identification of customers was approved by the resolution of the Board of the Central Bank of Uzbekistan.
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UAE start Mir card acceptance
Network International, the leading enabler of e-commerce in the Middle East and Africa, has offered its merchants in the UAE the technical capability to accept Mir cards.
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Labour migrants to be able to transfer money from Russia on credit
Zolotaya Korona, the payment services system, will enable labor migrants to send money from Russia on credit starting from October 11.
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Mir cards set to support Google Pay
The Mir payment system expands the mobile payments applicability – starting from October 26, banks issuing the national cards will be able to start the technical implementation of the Google Pay service.
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Overdue loans in Russia amount to 1 trillion rubles
As of September 1, the overdue loans of Russians reached Rub1.006 trillion worth. Such figures are provided by the Bank of Russia.
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National Bank of Ukraine switches to new e-payment system
The National Bank of Ukraine (NBU) announced the transition to a new generation system of electronic payments (SEP) based on the ISO 20022 international standard.
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Russians’ Rub1.6 bn debt to be written off
The debts of Russians of over 1.6 billion rubles worth will be written off under the extrajudicial bankruptcy mechanism.
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Large Russian banks to launch new services in FPS in October
The Faster Payments System introduces new requirements for systemically important banks from October 1, says the Bank of Russia’s regulations on the payment system.
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Vladimir Putin to empower central bank to limit unsecured consumer loans
Russian President Vladimir Putin finds it necessary to empower the Bank of Russia to limit the volume of unsecured consumer loans.
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Yandex Bank appeared in Russia
Internet giant Yandex has renamed Bank Akropolis into Yandex Bank JSC.
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Russia’s central bank proposes tougher control over cards replenishment at ATMs
The Bank of Russia believes that banks should strengthen control over the replenishment of cards through ATMs and cash-in enabled terminals in order to combat fraud.
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Russian banks to ditch paper contracts with clients
Russian banks plan to abandon paper contracts with clients. The door to the new reform will be opened by a new law on digital archives, of which the drafting will be launched by the State Duma at the autumn session.
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Russia’s central bank to slow down payments to crypto exchanges
Participants of the Russian banking system, prompted by the central bank, will begin to slow down people's payments to crypto exchanges in order to protect the population from “impulse purchases” of cryptocurrency, First Deputy Governor of the Bank of Russia Sergey Shvetsov said in a statement...