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Egypt to start accepting Russian ruble from late September
The Russian ruble is to be added to the list of currencies accepted in Egypt. According to the Central Bank of Egypt, the move is scheduled for the start of the high season in late September 2022.
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CSR proposes separate regulation of NFT
The Center for Strategic Research proposed a separate regulation for NFTs and entities that ensure the simultaneity and consistency of the transfer of tokenized property rights and their accounting records in the blockchain.
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New type of financial entity may appear in Russia’s Islamic finance sector
Such an entity will support a series of operations based on the theory and practice of the Islamic finance market, with each organization having the right to undertake additional restrictions, said Madina Kalimullina, Executive Secretary of the Russian Association of Experts in Islamic Finance...
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Central Bank to promote digital ruble in international settlements
The Bank of Russia intends to promote the use of the digital ruble in cross-border settlements, regulator chairperson Elvira Nabiullina said in a documentary aired by the Russia-24 TV channel.
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Russia’s Central Bank becomes market player
The development of the Mir payment system, FPS, digital ruble, etc. actually turns the Bank of Russia into a market player, stated Victor Dostov, Chairman, Association of eMoney and Remittance Market Participants (AED); Chief DLT Research Officer at Saint Petersburg University, speaking at...
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Sber to introduce about 100 Linux-powered ATMs by year end
Abandoning cash and full migration to cashless payments is impossible, Sberbank believes.
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VTB and Sberbank to launch CNY lending
The information is based on statements of the banks’ top managers made during the Eastern Economic Forum (EEF), as quoted by the Prime news agency.
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Nicaragua is ready to discuss Mir cards acceptance
Minister of finance and government credits Ivan Akosta informed TASS on the sidelines of the Eastern Economic Forum (EEF).
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Russian retailers migrate to domestic operating systems sales
One of the largest retailers, M.Video-Eldorado, is launching retail sales of the domestic Red OS and the R7-Office suite. The developers expect that against the backdrop of problems with access to Microsoft products, the products will be able to become leaders in the consumer segment by mid-2023.
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Strong recovery is key task of Russian government
The joint efforts of the government and the Bank of Russia should be aimed at developing effective tools that meet the challenges of the new time, Mikhail Mishustin said at a meeting of the Government's Coordinating Center for the Development of the Domestic Financial System.
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Yuan’s share in SME remittances grows
According to Bank ZENIT, almost a quarter of all remittances under SME contracts are made in yuan.
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Russia and Iran to intensify settlements in national currencies
Trade operations in national currencies are planned to be rolled out in other areas of Russian-Iranian trade, the Iranian news agency reports, citing the speech of Ali Saleh Abadi, the head of the country’s central bank.
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PSB among first to test operations with digital ruble
Promsvyazbank was among the first in the Russian market to test transactions with digital currency issued on the Bank of Russia’s digital ruble platform.
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Home Credit Bank bought out 49.5% stake from Home Credit N.V.
PPF Group and Home Credit sold their Russian assets and subsidiaries in May. As a result of the transaction, a 49.5% stake was transferred to Russian investors.
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Number of new credit cards issued in July exceeded 1 million
Growing for the fourth month in a row, the credit card issue has already exceeded the February figures.
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Every tenth wealthy Russian keeps over $1,000 in cryptocurrency
According to Tangem’s survey conducted as part of a study of Russian Internet users’ attitudes towards cryptocurrencies, 8% of Russians who define their income as upper- middle keep over $1,000 in cryptocurrencies.
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Bank of Russia to oblige banks to return money transferred to fraudsters
The bank will have to indemnify the victim for the total amount of transfer within a month, if the client transferred the money to a fraudster’s account included in the data base of the Bank of Russia, RIA Novosti informs.
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Approved list of applications required for pre-installation
The government has approved a list of mobile applications and programs required for pre-installation on smartphones, tablets, computers and Smart-TV from January 1, 2023.
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Russian banks are testing salary payments through FPS
The new service will help to transfer money through the Faster Payments System using selected details
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India and Russia may start accepting each other’s payment cards soon
This issue, among others, was discussed during recent bilateral meetings, Indian publication Deccan Herald reports with reference to their sources.