Union Pay cards from Tinkoff Bank have stopped working abroad
But in Russia, everything works as before
Finance
Decentralized analogue of SWIFT developed in Russia
It is already ready for use
Mass implementation of the Digital Ruble in Russia will begin in 2025-2027
Sufficient time will be spent on testing within the pilot project
The World Court fined Google 4 billion rubles for non-payment of a previously imposed fine
There are 60 days to pay the fine, if this does not happen, the court may impose liability in double the amount
In 2022, the revenue of Russian companies exceeded one quadrillion rubles for the first time
The growth is due to the increase in export revenue of oil and gas companies
Two new Russian-made ATMs presented – based on 'Elbrus' processors
Meanwhile, the Ministry of Industry and Trade is considering introducing a point system for printers and ATMs in Russia
"Mir" payment system has started operating in Venezuela
Mir currently operates in 10 countries
Qiwi Group will divide its business into Russian and international
The complete separation of the business should take place before the end of August
Russian banks will be able to fully switch to domestic card chips by 2024
Two enterprises, Mikron and NM-Tech, will ensure the production of a sufficient number of chips
Sber will install new terminals with cameras in Russian stores: "you smile - the payment has passed"
The first batch of terminals, numbering several thousand, will be installed this fall
VTB launched cross-border transfers to Tajikistan by phone number
Instant crediting to the recipient's card in Tajikistan
US believes cryptocurrency exchange Binance helps Russia evade sanctions
Binance has also previously been accused of helping Iran evade US sanctions
Only seven banks remain in Russia with UnionPay cards that can be used to pay abroad
MTS Bank and Uralsib Stop Issuing UnionPay Cards
Raiffeisen Bank International Group closed all correspondent accounts of Russian banks except for Raiffeisenbank Russia
Sending payments from Russia via SWIFT is becoming increasingly difficult
Russia and India Discuss the Possibility of Using 'Mir' Cards
And India's national payment system RuPay may start operating in Russia