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🎉 Europe: Mastercard and Deutsche Bank🇩🇪 launch open banking Paid Members Public
🎉 Europe: Mastercard and Deutsche Bank🇩🇪 launch open banking The drive for account-to-account (A2A) payments has been actively championed by Wero, the digital wallet backed by Deutsche Bank. Developed under the European Payments Initiative (EPI), it aims to serve as a European alternative to Mastercard and Visa. ➡️ #Geopolitics in play❗️The
☠️Russia 🇷🇺: The Central Bank recommends banks to maintain vigilance Paid Members Public
☠️Russia 🇷🇺: The Central Bank recommends banks to maintain vigilance The regulator’s methodological recommendations outline key guidelines for the financial sector. For further details, see this summary. 💘 The Central Bank warned that illegal activities — including online casinos, cryptocurrency exchanges, pyramid schemes, and drug trafficking — are using corporate cards registered under
🐘 India🇮🇳: key statistics on UPI’s growth, surpassing all competitors Paid Members Public
🐘 India🇮🇳: key statistics on UPI’s growth, surpassing all competitors In just nine years since its launch, the Unified Payments Interface (UPI) surpassed Visa and became the largest real-time payment system in the world, both in number of transactions and total volume. ➡️ Currently, India accounts for almost half of all
⛔️ Rosfinmonitoring confirms banks’ right to impose limits on incoming transfers Paid Members Public
⛔️ Rosfinmonitoring confirms banks’ right to impose limits on incoming transfers These restrictions are not explicitly covered by anti-money laundering legislation, so the Central Bank currently only recommends financial institutions apply this measure. ➡️ The recommendations cover both incoming transfers and account deposits. ➡️ The Central Bank has indicated that financial institutions must
⚡️Lithuania🇱🇹 grants first crypto license to Robinhood Europe Paid Members Public
⚡️Lithuania🇱🇹 grants first crypto license to Robinhood Europe The European branch of U.S. fintech Robinhood has received authorization to offer custody, management, and transaction services with crypto assets in Lithuania, allowing it to also operate across the European Union. 💘 Lithuania is emerging as a key jurisdiction for fintech companies
😱Kenya🇰🇪: The Betting Control and Licensing Board (BCLB) has banned influencers from promoting gambling Paid Members Public
😱Kenya🇰🇪: The Betting Control and Licensing Board (BCLB) has banned influencers from promoting gambling The regulator has determined that sports betting and casino games should not be associated with success, wealth, or fame. ➡️ Background: At the end of April, a 30-day moratorium was imposed on gambling advertisements in media platforms,
😎 Stripe🇺🇸 launches new corporate payment solutions Paid Members Public
😎 Stripe🇺🇸 launches new corporate payment solutions The new developments from the U.S. fintech focus on the use of AI and stablecoins ➡️ The Payments Foundation model, launched in May and based on artificial intelligence, improved attack detection in large companies, increasing effectiveness from 59% to 97%. ➡️ 25 new payment methods
⚡️The cross-border payments network Neema🇮🇱 launches an alternative to SWIFT Paid Members Public
⚡️The cross-border payments network Neema🇮🇱 launches an alternative to SWIFT The dynamic routing system developed by Neema is designed for banks and financial institutions, operates in real time, and works in hard-to-reach regions as well as in contexts with complex payment methods. 🔻 Who are they? — Neema, whose name means “abundance”