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Tag Archives: Payments

BLender secures E-Money license in Lithuania, paving way to Europe

BLender, an Israeli-based lending platform active in Italy, Israel and Lithuania, is planning to expand its operations to two additional Baltic countries and Southeast Asia this year. BLender funds loans through peer-to-peer, balance sheet and partner institutions, whichever is appropriate for the particular circumstances. BLender secured an e-money license from …

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Mastercard and Getir power payments bot for Facebook Messenger

Mastercard has teamed with Turkish mobile retailer Getir for the first Masterpass payment system via Facebook’s Messenger application. Getir (“Get here”) allows users to receive delivery of 600+ everyday items by writing a message in the application. It works via credit card information and live delivery trackings. Based in Istanbul, …

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11 FinTech trends to follow in 2017

Keep an eye on the following trends to stay ahead of the curve. Removing friction from the customer journey – “smoother customer experience”; Rise of insurtech According to Meaghan Johnson, “There are so many opportunities for an easy cross-sell based on data from customer spend, but also by using the mobile …

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Unibank receives PCI Data Security Standard certificate

Unibank has successfully passed PCI Data Security Standard (PCI DSS) requirements for 2016 and has been awarded the PCI DSS certificate. PCI DSS is one of the best security standards that helps improve transaction security technology for bank cards. Unibank sees working with PCI DSS as another step towards improving …

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IBA service “Pension+” stimulates growth in non-cash payments

The International Bank of Azerbaijan (IBA) has adopted a new initiative to support retirees. The ‘Pension+’ program allows IBA pension cardholders to receive a loan of up to AZN 100. The loan is only available once a person’s monthly pension has been spent. The loan is then automatically repaid from …

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Azerbaijan to delay VAT implementation on electronic payments

The Financial Markets Supervision Chamber (FMSC) and the Azerbaijani Ministry of Taxes have agreed that commercial banks will postpone the implementation of a VAT charge in e-commerce operations for one month. According to the latest amendment to the Tax Code, Azerbaijani banks will begin charging an 18% VAT to foreign …

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“Pay as you drive” car leasing program launched in Poland

Poland’s Idea Bank has launched the world’s first ‘pay-as-you-drive’ car leasing model. The “Happy Miles” model calculates payments for leased cars based on the distance a car travels. A GPS device installed in the vehicle automatically sends information about the distance driven to the lender, allowing for monthly payments to …

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Samsung Pay has been launched in Russia

On the 29th of September 2016, Samsung Electronics launched its payment service – Samsung Pay, in Russia. At the moment the service is already present in USA and South Korea and continues to spread throughout the world. The application represents a payment system embodied in your Samsung phone and works …

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