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⚡️Customers of digital bank Revolut🇱🇹 will be able to send money to China🇨🇳 via Alipay Paid Members Public
⚡️Customers of digital bank Revolut🇱🇹 will be able to send money to China🇨🇳 via Alipay Thanks to a strategic partnership with the holding Ant International, Storonsky and Yatsenko are expanding their platform into the Chinese remittance market, currently valued at 48 billion USD. ▶️Users can access this feature by selecting
👀Europe continues refining its unified regional payment ecosystem Paid Members Public
👀Europe continues refining its unified regional payment ecosystem One of the main challenges in the region is ensuring regulatory compliance in an environment marked by diverse traditions, languages, and cultural particularities, which makes this a complex task. ▶️Industry experts highlight that fintechs operating across multiple jurisdictions must invest significant resources
🎉Australia🇦🇺(and beyond): Banks launch a nationwide “confirmation of payee” scheme Paid Members Public
🎉Australia🇦🇺(and beyond): Banks launch a nationwide “confirmation of payee” scheme The system has been implemented to protect customers from scams and prevent money from reaching criminals. A similar solution is already operational in the UK🇬🇧. ➡️ The core element of the system is name-matching technology, in which $100 million USD
👀How are payments and the card business changing? A summary Paid Members Public
👀How are payments and the card business changing? A summary Representatives from payment systems, banks, marketplaces, Big Tech, and fintech companies agree that the natural evolution is making payments cheaper. ➡️History: ✅Payment cards appeared in the mid-20th century in the US🇺🇸, when Frank McNamara and Ralph Schneider founded Diners Club.
👻Double standard detected🇷🇺: Sberbank found a way to transfer money to Europe Paid Members Public
👻Double standard detected🇷🇺: Sberbank found a way to transfer money to Europe Reporters from The Bell discovered that it’s possible to transfer money by card number, bypassing sanctions and SWIFT. ➡️ A Sber operator confirmed that it’s possible to send money abroad — through intermediaries — in amounts of up to
🎉Venezuela 🇻🇪takes a digital leap: contactless payments via NFC arrive Paid Members Public
🎉Venezuela 🇻🇪takes a digital leap: contactless payments via NFC arrive The solution was developed by the local company Red Conexus to integrate with the already existing interbank mobile payment apps, though under certain conditions. ➡️ The focus on mobile banking was announced by the Venezuelan Banking Association (ABV) at the end
⚡️On Russia Day🇷🇺 — about red flags: what you need to remember when cashing out crypto in Russia Paid Members Public
⚡️On Russia Day🇷🇺 — about red flags: what you need to remember when cashing out crypto in Russia Stricter regulatory oversight may push crypto cash-outs via bank accounts into a legal “gray zone”. ➡️ High-risk transactions: cryptocurrency operations are automatically flagged as suspicious due to the anonymity of blockchain, which makes it
⚡️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”