PLUS-dailyRSS
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Lockdown turns Russians into gamers
Russians began to spend more money and time on games, and stream viewers were more active in donating. The trend will persist in the summer months.
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Coronavirus boosts Faster Payments System
In May, Russians used the service to make over 2 mln transfers for the amount exceeding 20 billion rubles, the Bank of Russia says.
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Dmitry Buvin appointed CCO of Mir Payment System
On June 1, 2020, Dmitry Buvin was promoted to the post of Chief Commercial Officer of AO NSPK (Mir Payment System operator), still holding the position of the Head of Strategy and Business Development.
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Russian Zolotaya Korona partners Eurogiro
Zolotaya Korona (Golden Crown) payment system and Eurogiro financial supermarket announced the start of their cooperation. Albania and Bulgaria are the first markets where Zolotaya Korona money transfers will become available in the Eurogiro network.
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Sberbank opens its trading subsidiary in Switzerland
Sberbank goes ahead with expanding its presence in commodity markets and opens an office of its trading company in the canton of Zug, Switzerland.
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Russians’ account balances hit record high in April
During the crisis, customers of Russian banks stepped up their savings on current accounts to reach a total of 9 trillion rubles by May 1, which is 29% of the total amount of funds stored by the population in banks.
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Contactless grew to 86% of merchant acquiring in Russia
Russian Standard Bank has studied the growing popularity of contactless payments among Russians. According to the bank’s acquiring network figures, in the 1Q 2020 alone the total share of contactless in merchant acquiring grew to 86%, while the average check amounted to 962 rubles.
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Sberbank ranked world’s most effective company in creating value for shareholders
According to BCG’s rating, Sberbank became the best bank in the world in creating shareholder value over the past five years. This indicator also allowed the bank to take 6th place in terms of market capitalization among the 50 largest companies included in the rating.
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Russians monitor their spending more closely and cut costs
During the coronavirus outbreak and mass self-isolation, almost half of Russians began to closely monitor their spending and became thriftier, says a poll commissioned by Home Credit Bank.
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M-applications instead of passport to be tested in Moscow
According to the Ministry of Communications, obtaining government and municipal services using a mobile application instead of a passport may be tested in Moscow from July 1, 2020 to December 31, 2021.
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Critical infrastructure owners forced to migrate to Russian software
The Ministry of Communications suggests migration to primarily domestic software for the owners of critical information infrastructure (CII) starting from 2021.
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Credit history fraud grows in Russia
Amid the coronavirus epidemic, a new type of credit history fraud is emerging in Russia. Experts already estimate the damage from the cybercriminals’ activities at millions of rubles, and the number of deceived citizens is growing month by month.
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Sberbank warns about new fraud schemes
Amid the coronavirus pandemic, Sberbank has detected several new fraud schemes, said Bank’s Deputy Board Chairman Stanislav Kuznetsov, with fake recruitment agencies, VAT refund schemes and false offers for COVID-19 tests among them.
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Russians can get individual QR code to pay through FPS
An individual QR code for payments in the Faster Payment System (FPS) can be implemented in Russia. It will be generated on the shopper's smartphone at the time of payment and scanned by the seller. The Central Bank and banks do not rule out the possibility of such a scenario.
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Ministry of Economic Development offers granting RF residence permit for real estate buyers
According to a draft law proposed by the Ministry of Economic Development, foreign entrepreneurs may obtain a residence permit in Russia after buying property in the country. The ministry is developing amendments to the Russian law “On Foreign Citizens’ Legal Status”. Alexander Razuvaev, Ph.D....
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Bank of Russia caps acquiring fees for medical services
From June 1 to September 30, 2020, the maximum acquiring fee for medical services payments must not exceed 1%. The decision was made on May 13 by the Board of Directors of the Bank of Russia.
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Russia develops platform for quantum Internet
ITMO University won a RUB300mn grant (over $4.1mn) from RVC, a Russian venture fund, as a result of competitive selection of leading research centers (LRCs) held under the national program “Digital Economy of the Russian Federation” commissioned by the Ministry of Communications of...
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Banks lodge part of their staff in offices
Because of the coronavirus pandemic, major Russian banks have started to consider their office space as a temporary lodging for some of their employees.
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Cash collection market to revive after its fall in March
INKAKHRAN, a major CIT firm, notes that the cash collection market is gradually coming to life after a sharp decline in demand caused by the pandemic and the introduction of a non-working period.
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Russia may introduce digital vouchers
Russia, similarly to China, may introduce digital food vouchers, in order to support the population and the economy against the coronavirus pandemic. This proposal was made by NCR, a Russian credit rating agency.