Tag Archives: Payments

Sberbank and Alfa-Bank have made the first banking payment transaction in Russia using blockchain technology. On November 28, 2017, Megafon transferred RUB 1 million from an account with Alfa-Bank to …

Blockchain, the technology underpinning cryptocurrencies such as bitcoin, was initially treated with skepticism by banks; however, blockchain has become the latest buzzword in the financial sector. Here are the five …

With cryptocurrencies increasing in popularity throughout the world, Kyrgyzstan has also started to think about how it will interact with them, both from an official (government-level) sense as well as …

Mastercard has tested and validated its own blockchain and will be opening access to it via a set of three APIs published on the Mastercard Developers website. The APIs include …

The Azerbaijan Banks Association (ABA), in partnership with the Center for Analysis of Economic Reforms and Communication, will hold the second ‘Adaptation of the Banking System to the New Development …

The Efma–Accenture Banking Innovation award program is an initiative program aimed at identifying and awarding the most innovative projects in retail banking at a global level. The program, now in …

Germany’s Commerzbank has developed a multi-channel approach to providing support to its customers, using digital solutions for simple daily operations and establishing a trusting relationship with customers at the same …

According to a survey conducted by audit and consulting company EY, Russia is third among the top 20 largest world markets in terms of the penetration of financial and technological …

The conclusions of a World Bank report on the development of digital technologies in Central Asia are disappointing. Experts found that expensive and difficult access to the internet has become …

ICTForum 2017, held in Uzbekistan, allowed participants to come together to discuss online banking, payment systems, payment through social networks, cloud solutions for banks, blockchain and other related topics. The …

In an increasingly digital world, people are expecting more from the technologies they use every day, and customers are increasingly becoming “hybrid”, i.e. using both online and offline solutions. As …

For many Georgians, banking just became a little easier via ebanking.ge. The site, operated by Terabank, has been redesigned with a new interface and system that now allows users to …

Between January and August of this year, cashless payments amounting to AZN 696 million were carried out in Azerbaijan via POS terminals. This represents a 33% increase (AZN 173 million) …

Mobile wallet use is growing. Most consumers (65%), however, want one payment application on their phone, and most would prefer that that application be from their bank. This presents a …

The National Bank of the Kyrgyz Republic (NBKR) is insisting that the laws and regulations of Kyrgyzstan prohibit mobile operators from allowing customers to use their mobile balances to pay …

The annual Visa Digital Payments Study has found that 77% of Europeans now use their mobile devices to keep track of their finances and make everyday payments. 62% use a …

Liberty Bank has added the ‘My Concierge’ service, which allows users to receive SMS notifications about debts owed and make automatic monthly payments to selected service providers. The new service …

The ‘Electronic and Digital Financial Services’ project is being launched by the International Finance Corporation (IFC) to boost financial inclusion in Azerbaijan by improving access to digital financial services for …

Customer-driven card-control systems are starting to become more popular. They also provide greater security and a way for customers to control their payment instruments via one smartphone-ported application. Specifically, card-control …

The microcredit deposit organization Humo has launched its mobile application, Humo Online. The service provides access to bank accounts, transfers and payments as well as allows for the monitoring of …