📣Vietnam🇻🇳: by the end of the year Russian citizens will be able to pay for goods and services via QR code Paid Members Public
📣Vietnam🇻🇳: by the end of the year Russian citizens will be able to pay for goods and services via QR code With the support of the Russian-Vietnamese bank VRB, VTB customers will be able to make payments through their usual mobileapplication. ▶️VTB’s main international branches are located in India�
⛔️Quantum computing may become a threat to digital payments — alarmist narrative or real risk? Paid Members Public
⛔️Quantum computing may become a threat to digital payments — alarmist narrative or real risk? The ability of quantum computers to break current cryptographic methods could have severe consequences for multiple areas of digitalpayments. Key risks include: ▶️Instant payments: real-time transfer platforms (such as FedNow) rely on public key cryptography to
🎉Superapp Rappi🇨🇴and e-wallet AstroPay🇬🇧launch a new payment service in Latin America Paid Members Public
🎉Superapp Rappi🇨🇴and e-wallet AstroPay🇬🇧launch a new payment service in Latin America Users in Argentina🇦🇷, Brazil🇧🇷, and Peru🇵🇪 can now make payments on Rappi using balances in USD, euros, or local currency, with real-time conversion and no need for bank cards. The initiative is expected to reach around 35
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👀USA🇺🇸: CFPB considers reducing oversight of international money transfers Paid Members Public
👀USA🇺🇸: CFPB considers reducing oversight of international money transfers Strict regulation entails high costs that may outweigh the benefits. It seems that some regulators are beginning to acknowledge this issue. ▶️Context note: the CFPB (Consumer Financial Protection Bureau) is an independent U.S. government agency responsible for consumer protection in
🤝Brazil🇧🇷 Counter-Trend: Traditional Bank Integrates Pix with Credit Card Limits Paid Members Public
🤝Brazil🇧🇷 Counter-Trend: Traditional Bank Integrates Pix with Credit Card Limits As alternative payment methods continue to gain traction, Santander Brazil is broadening the role of credit cards in its customers’ financial lives. ▶️Context: Pix is the Central Bank of Brazil’s instant payment system, originally designed to bring the unbanked
🥳Belarus🥔: crypto company WhiteBird adds direct cryptocurrency exchange service for Russian users Paid Members Public
🥳Belarus🥔: crypto company WhiteBird adds direct cryptocurrency exchange service for Russian users The service allows topping up crypto accounts in rubles and withdrawing funds to Russian cards. This feature is especially relevant given the restrictions on P2P transfers introduced in May. ▶️Token purchases and crypto account top-ups can be carried
😳Thailand🇹🇭: the Bank of Thailand (BOT) will impose daily limits on mobile banking transfers Paid Members Public
😳Thailand🇹🇭: the Bank of Thailand (BOT) will impose daily limits on mobile banking transfers The main purpose is to curb fraud. The limit set by the Central Bank is 50,000 baht (1,544 USD). In addition, banks will implement individual limits based on monitoring customer behavior during transactions. ▶️Gradual