Economic adviser Maya Mikeladze announced that the recently approved bill, aimed at restricting online loan services, has been signed by the President. The bill was put forward as a way …
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Georgia’s securities system to be revamped
2017 will mark the beginning of a large-scale remodeling of the capital market needs in Georgia. Georgia’s National Bank, Central Depository and stock market will all be infused with new …
Read More »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 …
Read More »VTB Bank deploys 5,000 quick pay terminals in Georgia
VTB Bank’s express money transfer system now includes Nova quick payment terminals. All across Georgia, five thousand Nova terminals have been placed, allowing money to be sent within minutes. Transfer …
Read More »VTB Bank launches free SMS notification system in Armenia
In order to ensure better reliability for customers and timely customer notification, VTB Bank in Armenia has launched a free SMS notification service for customers. Bank customers will be able …
Read More »First payments through Telegram Messenger in Kazakhstan
Digital-only B1NK, part of Capital Bank Kazakhstan, has unveiled the region’s “first” chat and payments bot – using Telegram Messenger. Gani Uzbekov, CEO, Capital Bank Kazakhstan, confirms that people of …
Read More »New Electronic Document Management at ВТБ bank (Azerbaijan)
The bank ВТБ (Azerbaijan) completed the first phase of implementation of the Electronic Document Management (EDM) system. The decision came from the need to optimize the bank’s internal operational processes …
Read More »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 …
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