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Banks clamp down on issuing credit cards in Russia
The ratio of approved applications for credit cards in Russia fell to 31% in May, having decreased by 8 percentage points over the year, reports the Equifax credit bureau.
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Putin signs law on financial marketplaces
Russian President Vladimir Putin signed two new laws on financial marketplaces. The latter allow citizens of the country to remotely compare and purchase various services from banks and management and insurance companies.
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Maxim Parshin unveils measures to support Russia’s IT industry at G20 ministers meeting
Deputy Minister of Digital Development, Communications and Mass Media of the Russian Federation Maxim Parshin took part in the meeting of the G20 ministers of digital development. In his speech he addressed special conditions to be created in Russia for the digital technology development.
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Cash volume in Russia grows to record high
In early July, the Bank of Russia announced that the amount of cash in circulation in the country had reached record high of 11.6 trillion rubles, that is, 80 thousand rubles per Russian, including prisoners, disabled people and babies.
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Russians are about to obsolete kopecks
42% of Russians (38% of residents of Moscow and the Moscow region) believe that 1 and 5 kopeck coins can be withdrawn from circulation, since 10 and 50 kopecks have long been enough for payments.
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Almost 30% of Russians are at risk of card theft
One in four cardholders in Russia (27% of respondents) is at risk and may become a victim of fraudsters, because s/he is ready to disclose sensitive personal data from a bank card (expiration date and CVV code) to outsiders – a study by the NAFI analytical center...
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Yandex joins FinTech Association
Yandex joined the FinTech Association as an associate member. The move was approved by the Association supervisory board.
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Putin signed law on tougher control over cash transactions
Russian President Vladimir Putin signed a law specifying the list of cash transactions subject to mandatory control. The corresponding document was published on the official portal of legal information. In particular, the law strengthens control over cash transactions of 600 thousand rubles or more...
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Sberbank announced launch of SberPay
SberPay allows customers pay for goods online (on websites and in the application) and offline (in the outlets equipped with Sberbank’s POS terminals supporting contactless payments). To use the service, it is enough to have the Sberbank Online mobile application.
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Aksakov announced cryptocurrency laws adoption date
The law “On digital financial assets” enters final straight to be adopted before the end of the spring session, Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market, said in an interview with RBC-Crypto.
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FPS to enable pull transfers between client accounts
The Bank of Russia has announced a new service to be offered by the Faster Payment System (FPS), which will allow people to request funds for transfers from their own accounts, the regulator’s website informs.
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Russians will use driving license as ID in banks
The Ministry of Economic Development and Trade in collaboration with Rosfinmonitoring and the Bank of Russia is drafting a law to allow the driving license data to be used for simplified identification of individuals, informs Izvestia with reference to the central bank.
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Russian banks’ appetite for gold returns after six-month pause
Russian banks increased investments in precious metals expressed as gold by 8.5% to 79.6 tons in May – for the first time in six months, the Bank of Russia’s statistics shows.
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State-run system set to protect transport from hackers
Russia’s Ministry of Transport decided to establish federal-level control over the protection of transport from hacker attacks. The system developed by the ministry will be responsible for online monitoring of the information infrastructure of the transport industry.
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Mir launches transfers to cards of CIS national payment systems
Starting June 29, the National Payment Card System (the Mir payment system operator) launches transfers from Mir cards to the cards of the national payment systems of Uzbekistan (Uzcard) and Kyrgyzstan (ELKART).
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Herman Gref: ruble may strengthen against dollar by 2020-end
The Russian ruble may strengthen to the rate of 60-62 rubles per US dollar By the end of 2020, Sberbank Governor German Gref said in an interview with TASS.
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DDoS attacks in RuNet rose fivefold during lockdown
The fivefold jump in the number of DDoS attacks was recorded during the COVID-19 lockdown (March-May 2020) compared to the same period a year earlier, says a report prepared by Rostelecom experts for the period of first five months of 2020.
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Russian-Chinese MPS123 launches super-application in Russia
The Russian-Chinese payment system MPS123 signed a partnership agreement with the Chinese counterpart of the “One Belt, One Road” project.
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Tinkoff implements new QR code recognition technology
As part of the expansion of cooperation between digital bank Tinkoff and Smart Engines software company, new QR code recognition technology has been introduced into the mobile bank for paying various receipts and making payments.
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Durov commented on Telegram unblocking in Russia
Telegram unblocking by Roskomnadzor will increase the speed of mobile applications in Russia, said Telegram founder Pavel Durov. Lifted restrictions will allow the messenger to increase its share in Russia and attract additional advertising.