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😔 Crypto withdrawals: cross-border payment agents under scrutiny Paid Members Public
😔 Crypto withdrawals: cross-border payment agents under scrutiny Colleagues from the “Fintexno” channel point out that the current “quasi-ruble” market lacks universal arbitration mechanisms. Even when payments go through banks, legal and reputational responsibility falls on the agent. ▶️ A growing issue: Russian importers often file complaints over minor delays or try
👀 United Kingdom 🇬🇧: Treasury Committee may mandate shops to accept cash in the future Paid Members Public
👀 United Kingdom 🇬🇧: Treasury Committee may mandate shops to accept cash in the future The aim is to protect vulnerable groups for whom cash remains the only viable payment method. ▶️ Context: Vulnerable groups include people with learning disabilities, victims of domestic abuse, and the elderly. But even beyond these segments, cash
💪 Europe: Open banking opens a promising future for A2A payments... and more Paid Members Public
💪 Europe: Open banking opens a promising future for A2A payments... and more Global API requests are projected to increase by 470% by 2027, reaching 580 billion, with Europe expected to lead this transformation. 💲 In 2020, about 12.2 million Europeans were using open banking services — roughly half of all global
💸 Mastercard launches a global stablecoin payments system Paid Members Public
💸 Mastercard launches a global stablecoin payments system Chinese digital asset trading platform OKX 🇨🇳 has launched a crypto Mastercard. This is part of a global partnership with players like MetaMask, Kraken, Gemini, Bybit, Crypto.com, Binance, and Canadian payment provider Nuvei 🇨🇦. 💎 The goal is for consumers to pay with stablecoins and
💀 Russia 🇷🇺: Criminal liability for “droppers” who lend their bank cards Paid Members Public
💀 Russia 🇷🇺: Criminal liability for “droppers” who lend their bank cards The government has proposed amendments to Article 187 of the Criminal Code, which regulates the "illegal circulation of payment means." ➡️ Transactions without legal justification, such as transfers or money reception without a clear legal basis, would be considered
⚡️UnionPay 🇨🇳 considers reactivating international payments for Russian clients 🇷🇺 Paid Members Public
⚡️UnionPay 🇨🇳 considers reactivating international payments for Russian clients 🇷🇺 This was announced by VTB Bank president Andrey Kostin during a VTB Private Banking meeting. ➡️ UnionPay cards allow users to pay for goods, services, and withdraw cash in more than 150 countries. ➡️ In the past, around ten Russian financial institutions issued UnionPay
🏴☠️ Ukraine 🇺🇦: The Central Bank will create a special registry of "droppers" and fraudsters Paid Members Public
🏴☠️ Ukraine 🇺🇦: The Central Bank will create a special registry of "droppers" and fraudsters The National Bank of Ukraine (NBU) has announced the creation of a "Payment Discipline Registry," which will include individuals who have sold their personal data, used their cards in fraudulent schemes, or companies
👀 Russian fintech under scrutiny: reflections after the Forbes.ru article Paid Members Public
👀 Russian fintech under scrutiny: reflections after the Forbes.ru article A longer response following our post. Is Russian fintech truly leading the world❓ Well... it depends on what you're looking at and how you measure it. ➡️ The most fundamental factor when evaluating any fintech ecosystem is the cultural