The number of payment cards in circulation in Kazakhstan is on the rise: the number of debit cards has increased 24.3%; the number of credit cards has increased 21.1%; and …
Read More »Open APIs changing the future of payments
The development of the open application programming interface (API) concept means major changes in the payment industry, with most banking customers now being interested in increasing the speed, simplicity and …
Read More »Infographic: the top 10 trends in payments for 2018
The universe of banking and payments is ever evolving, and 2017 saw a number of significant changes within the payment industry. Here are the top 10 key trends likely to …
Read More »Infographic: 50 disrupting FinTech facts about mobile wallets and payments
In many places around the world, the future of payments is here: mobile wallets. Take a quick look at why and how mobile wallets are taking over in this FinTech …
Read More »“Invisible” payments being tested in Spain
Spanish banking company BBVA is testing a facial recognition system in its internal cafeterias as part of an effort to make payments “invisible”. The system is able to recognize user …
Read More »National Bank of Kyrgyzstan clarifies acceptable electronic wallet replenishment methods
The Board of the National Bank of Kyrgyzstan has approved amendments and additions to the ‘Law on Electric Money in the Kyrgyz Republic’ in order to clarify the procedure for …
Read More »Uzbek government passes bill allowing online currency exchange
The widespread online exchange of currency in Uzbekistan is expected to begin in April 2018. The process began with a decree from the Uzbek President in September 2017 to liberalize …
Read More »The growth of FinTech in Georgia
FinTech is becoming of crucial importance for financial institutions, influencing nearly every financial activity and transforming money management channels. The financial sector in Georgia is no different; here’s a quick …
Read More »Infographic: how RegTech savvy are you?
Banking Technology and BearingPoint have conducted a brief survey to find out the industry view on RegTech as well as its implications for all parties. Bank of England to open …
Read More »PASHA Bank offers parking payment service via its mobile application
For the first time in Azerbaijan, PASHA Bank is offering consumers the opportunity to pay for parking via a mobile application. To pay for parking in this way, customers need …
Read More »National Bank of Kyrgyzstan bans replenishing e-wallets via mobile phone balances
The Board of the National Bank of Kyrgyzstan has adopted amendments to the resolution ‘On Electronic Money’ that prohibit the replenishment of electronic wallets (e-wallets), prepaid cards and/or virtual prepaid …
Read More »National Bank of Uzbekistan launches mobile application
The National Bank of Uzbekistan has officially launched Milliy, its free-to-use mobile banking application. The mobile application allows users to access payment/money transfer systems as well as be able to …
Read More »Converse Bank launches new mobile application
Yerevan-based Converse Bank has introduced its free-to-use mobile application called Converse Mobile, which allows customers to manage their accounts at any time of day from anywhere in the world. Using …
Read More »Kazakhstan increasingly moving to remote payment channels
Digitization and the development of innovative technologies have contributed to the active transition of the banking sector to remote payment channels. In total in the first three quarters of 2017, …
Read More »Hitting the sweet spot of banking: branches vs. digital
Bank customers fall into three broad groups: conventionals (the 35% of customers who prefer to conduct their banking business face-to-face at traditional banks or credit unions), digitals (the 35% of …
Read More »Bank of Cyprus to launch first biometric EMV card
Bank of Cyprus customers will be first in the world to enjoy biometric convenience on a contactless payment card. The Bank of Cyprus, in cooperation with Gemalto, has developed the …
Read More »Visa awards Alfa-Bank Kazakhstan for successful launch of Beeline card
Visa has awarded Alfa-Bank Kazakhstan for the successful launch of the Beeline card, a unique product for the domestic e-commerce market that was launched with Beeline Kazakhstan and the fintech …
Read More »Kyrgyz National Bank proposes banning replenishment of e-wallets from mobile balances
The National Bank of Kyrgyzstan has submitted a draft of amendments and additions for public discussion which would ban the replenishment of electronic wallets from mobile phone balances. The move …
Read More »WeChat owner receives investment fund license
The Shenzhen representative office of the China Securities Regulatory Commission has issued Tencent a mutual investment fund license, opening the door for the WeChat messenger owner to sell shares directly …
Read More »Payments via instant messengers to be allowed in the U.K.
The United Kingdom has passed new rules, called Open Banking rules, that will force large banks to implement APIs in order to standardize safe access to customer data. The effect …
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