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Consumer loans in Russia grew in number by one third in 2021
In 2021, Russians received 19.3 million consumer loans (cash loans), up 33% from 2020 (14.5 million).
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Binance Crypto Exchange has Joined NCFTA
Binance Becomes the Blockchain and Cryptocurrency Industry’s First to Join the National Cyber-Forensics and Training Alliance (NCFTA)
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TBC UZ – The Best Digital Bank in Uzbekistan
TBC UZ operates via 7 ‘showrooms’ and 34 ‘client acquisition points’ across 12 regional cities
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Lawmakers allow simplified identification using driver's license
The State Duma passed a law in the third reading to allow the use of a driver's license to identify a person performing cash transactions.
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Home Credit Bank Closes its first deal under Chinese WeBank’s model
The first deal was concluded with UBRD on selling a portion of the loan portfolio with the sold loans to be further serviced by Home Credit.
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Sberbank sells part of its ecosystem
The statement was made by Sberbank head Herman Gref at the “Investor Day 2021”.
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MegaFon introduced BNPL for purchases in their stores
The telecom operator was the first in Russia to offer customers in retail stores to pay for purchases in installments, interest-free and without a credit agreement.
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MTS Bank launches no-fee remittances to cards of Tajikistan’s Alif Bank
MTS-Bank announces the launch of direct money transfers by phone number to cards of Alif Bank, the Republic of Tajikistan.
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Money20/20 Successfully Re-Unites Global Fintech Community
Following Successful Money 20/20 Europe, Money 20/20 USA Attracted Over 8,000 Business Leaders & Attendees from more than 2,500 Companies to Shape the Future of the Fintech Industry.
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65% of Russian companies anticipate higher cybersecurity spending in 2022
PwC published 2022 Global Digital Trust Insights Survey
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VTB and online retailer Wildberries launch VTB Pay
The new payment service system will allow customers of the online retailer to link bank cards to their personal accounts and pay for purchases without additional confirmation of transactions.
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Google Pay payments now available in Kazakhstan
Mastercard announced the launch of the Google Pay service in Kazakhstan
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Banks suggest limits on deposits for low-income citizens
New deposits for poor citizens should be limited to 300 thousand rubles, a number of major banks said.
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Central bank proposes simplified compensation procedure for victims of fraudsters
The Central Bank proposed a mandatory refund to victims of fraudsters, with the amount of refund to be determined by the regulator.
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Central Bank needs no court judgement anymore to block phishing sites
Fraudulent sites of illegal credit organizations, financial pyramids and phishing information resources can now be blocked at the initiative of the Central Bank.
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Sovcombank acquires Uzbek Uzagroexportbank
By the end of the year, the Uzbek authorities intend to sign agreements with the Russian Sovcombank and Expobank on the sale of 100% of Uzbek Uzagroexportbank and Poytakht Bank.
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Payment applications will support Mir card transactions
A directive published by the Bank of Russia requires Mir cards to be supported in applications starting from October 1, 2023.
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Wildberries' fee for payment with Mastercard card declared unlawful
Pursuant to the court ruling, OOO Wildberries will pay the plaintiff the amount of fee previously charged “for payment with a Visa / Mastercard card”.
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Law on blocking scam calls and text messages from abroad via spoof numbers came into force
Operators are no longer allowed to change the connection initiator’s number or unique identification code that must remain unchanged.
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Sber named world’s best consumer digital bank
The annual Global Finance report has named Sber the world’s best digital bank in retail for the first time on record. Sber has also come on top in the following categories of the World’s Best Digital Bank Awards.