- \n
- The FinTech Times has predicted<\/a> how the outbreak of the coronavirus and the subsequent quarantine measures will impact the FinTech market. Specifically, they predict that, although people will be spending less money, there will be a greater demand for contactless payment solutions and updated banking systems.<\/li>\n
- Chinese authorities have partnered with local tech giants to launch<\/a> an application for tracking coronavirus infections among Chinese citizens.<\/li>\n
- FinExtra has prepared an updated calendar<\/a> of FinTech conferences following the cancelation and postponement of upcoming events due to the coronavirus outbreak.<\/li>\n
- British neobank Revolut has launched<\/a> an application for children to teach them good financial habits. The application includes a special Revolut Junior Visa card.<\/li>\n
- Technology giants Apple, Amazon, Facebook, Google and Microsoft have bought out<\/a> nearly all startups focused on creating artificial intelligence-based solutions, thereby eliminating potential future competitors.<\/li>\n
- American company Credit Sesame has launched<\/a> a digital bank account product that will help users boost their credit ratings and access affordable financing options.<\/li>\n<\/ul>\n
Russia:<\/strong><\/p>\n
- \n
- Russian banks are continuing<\/a> to increase their online presence and reduce their number of physical branches as part of a concerted effort to embrace digitalization and reduce costs.<\/li>\n
- Visa has developed<\/a> a new service for Russian bank customers that allows them to access a list of websites where they have left card details and delete them.<\/li>\n
- The Skolkovo Foundation has determined<\/a> that Raiffeisenbank is the most digitized bank in Russia.<\/li>\n
- Sberbank has initiated testing<\/a> tap-on-phone technology, which allows users to use their smartphones as a payment terminal.<\/li>\n
- A specialist has prepared<\/a> an overview of key trends in mobile banking for vc.ru.<\/li>\n<\/ul>\n
Ukraine:<\/strong><\/p>\n
- \n
- Mastercard has launched<\/a> its new Mastercard Installment platform, which allows users to break up a purchase amount at checkout and pay it off over several months.<\/li>\n
- With Ukrainians under quarantine, many are switching<\/a> to mobile banking solutions, resulting in an increased<\/a> number of cashless payments.<\/li>\n
- FinTech startup Moneyveo has allocated<\/a> UAH 3 million (USD 108,000) for the purchase of medical equipment to combat the coronavirus.<\/li>\n
- Monobank, a Ukrainian neobank, has launched<\/a> a product that gives 20% cashback for purchases made on online platforms such as the PlayStation Store, the Xbox Microsoft Store, Netflix, the AppStore and Google Play.<\/li>\n
- PaySpace Magazine has prepared materials<\/a> outlining how blockchain and artificial intelligence technologies could help reform the healthcare system.<\/li>\n<\/ul>\n
Belarus:<\/strong><\/p>\n
- \n
- According to the Financial Times, Spanish startup ID Finance is now in the top<\/a> 3 in Europe for FinTech projects. This is important for Belarus as ID Finance\u2019s Minsk office is responsible for the technical development of its products and services.<\/li>\n<\/ul>\n
Uzbekistan:<\/strong><\/p>\n
- \n
- The National Bank of Uzbekistan is recommending<\/a> that its citizens use banking services remotely as a precaution against the coronavirus. At the same time, the HUMO payment system increased<\/a> its limit of non-pin transactions at the supermarket chains korzinka.uz and Makro to UZS 250,000.<\/li>\n<\/ul>\n
Kazakhstan:<\/strong><\/p>\n
- \n
- Kazakhstan plans to introduce<\/a> an instant payment system that will allow users, including private individuals and small- and medium-sized businesses, to quickly and conveniently transfer money anytime and anywhere.<\/li>\n
- Cyber fraudsters<\/a> are taking advantage of the coronavirus outbreak to obtain payment card information. For example, some are soliciting for donations, while others are faking letters from the World Health Organization.<\/li>\n
- The Parliament of Kazakhstan has approved<\/a> a bill to introduce a voluntary online insurance service.<\/li>\n
- Kapital.kz has published materials<\/a> on what blockchain and digital currencies the Central Bank can introduce into the Kazakhstani market.<\/li>\n<\/ul>\n
Armenia:<\/strong><\/p>\n
- \n
- The Central Bank of Armenia<\/a> and the Armenian Card<\/a> national payment system are urging citizens to switch to cashless payments and remote banking solutions.<\/li>\n
- IDBank customers can now receive money transfers without visiting a bank branch by using the bank\u2019s online platform<\/a>, which is available 24\/7.<\/li>\n<\/ul>\n
\n\n\n\t\t\t - IDBank customers can now receive money transfers without visiting a bank branch by using the bank\u2019s online platform<\/a>, which is available 24\/7.<\/li>\n<\/ul>\n
- Cyber fraudsters<\/a> are taking advantage of the coronavirus outbreak to obtain payment card information. For example, some are soliciting for donations, while others are faking letters from the World Health Organization.<\/li>\n
- Kazakhstan plans to introduce<\/a> an instant payment system that will allow users, including private individuals and small- and medium-sized businesses, to quickly and conveniently transfer money anytime and anywhere.<\/li>\n
- The National Bank of Uzbekistan is recommending<\/a> that its citizens use banking services remotely as a precaution against the coronavirus. At the same time, the HUMO payment system increased<\/a> its limit of non-pin transactions at the supermarket chains korzinka.uz and Makro to UZS 250,000.<\/li>\n<\/ul>\n
- With Ukrainians under quarantine, many are switching<\/a> to mobile banking solutions, resulting in an increased<\/a> number of cashless payments.<\/li>\n
- Visa has developed<\/a> a new service for Russian bank customers that allows them to access a list of websites where they have left card details and delete them.<\/li>\n
- Chinese authorities have partnered with local tech giants to launch<\/a> an application for tracking coronavirus infections among Chinese citizens.<\/li>\n
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