- \n
- Analysts at USB Group AG, the largest Swiss financial holding company, are predicting that the FinTech market could grow<\/a> from USD 150 billion in 2018 to as much as USD 500 billion in 2030.<\/li>\n
- Bottomline Technologies Inc. has released a report<\/a> on major global banking and payment trends.<\/li>\n
- Ripple has joined<\/a> international standardization body ISO 20022, which has the goal of establishing standards for payments and other data exchanges between financial institutions at an international level.<\/li>\n
- An RBR analysis of 23 markets around the world has shown an increase<\/a> in video banking popularity since the COVID-19 outbreak, including the use of video banking for applying for mortgages, ordering a new bank card, etc.<\/li>\n
- With more FinTech startups than any other country in Latin America, Brazil has a real chance<\/a> to become the next global center for financial technology.<\/li>\n<\/ul>\n
\nRussia:<\/strong><\/p>\n- \n
- Raiffeisenbank has completed a pilot project<\/a> allowing customers to pay for purchases using a selfie. A post-pilot survey indicates that 90% of pilot participants are ready to continue using this service.<\/li>\n
- Rusbase has updated its map<\/a> of Russian FinTech startups and published a complementary list of companies that have closed their doors.<\/li>\n<\/ul>\n
\nUkraine:<\/strong><\/p>\n- \n
- PaySpace Magazine\u2019s internet portal is hosting its first open online conference<\/a> on the General Data Protection Regulation<\/em> (GDPR) of the European Union (EU) and its implications in post-Soviet countries.<\/li>\n
- Moneyveo, Ukraine\u2019s first online lending service, now has more than 900,000<\/a> customers and has issued loans worth more than UAH 14 billion in total.<\/li>\n
- The National Bank of Ukraine is developing a strategy<\/a> to develop financial technologies through 2025. This strategy includes the introduction of a regulatory sandbox for quickly testing innovative projects and the launch of an academic base that has a focus on open banking.<\/li>\n
- Two bots have been discovered in Telegram messenger looking for the personal data<\/a> of Ukrainian users. One bot has already been removed, and the other is still active. Many experts believe these bots are using data stolen from a PrivatBank database.<\/li>\n<\/ul>\n
\nBelarus:<\/strong><\/p>\n- \n
- FinTech hub FTh and the BEROC Economic Research Center have updated their map<\/a> of the Belarusian FinTech market. The map reveals that most Belarusian FinTechs are active in the payment services industry.<\/li>\n<\/ul>\n
\nUzbekistan:<\/strong><\/p>\n- \n
- The National Interbank Processing Center has completed<\/a> its testing of HUMOPay, an analogue of Apple Pay in Uzbekistan. The service is expected to be available in the mobile applications of a number of Uzbek financial institutions in the near future.<\/li>\n
- Uzbekistan has approved<\/a> procedures for issuing and circulating electronic money that define Central Banks and financial institutions as issuers, legal entities as operators and other actors as owners.<\/li>\n
- The director of the National Interbank Processing Center recently discussed<\/a> Uzbekistan\u2019s cashless payments market and new HUMO projects.<\/li>\n<\/ul>\n
\nKazakhstan:<\/strong><\/p>\n- \n
- Kazakhstani FinTech startup Wooppay<\/a> has entered the Tajikistani market and plans to develop mobile wallets, services for entrepreneurs to accept card payments on websites and applications and an e-commerce platform for mobile operators.<\/li>\n
- The efforts of online scammers have intensified<\/a> in Kazakhstan, including scams that impersonate security officers from financial institutions.<\/li>\n<\/ul>\n
\nArmenia:<\/strong><\/p>\n- \n
- VTB and Mastercard have increased<\/a> the maximum amount for payments that do not require a PIN code to be entered for authentication from AMD 10,000 to AMD 20,000.<\/li>\n<\/ul>\n
\nAzerbaijan:<\/strong><\/p>\n- \n
- This year\u2019s World Net Summit<\/em> will be held online May 11-15<\/a>, with a focus on government strategies in a post-pandemic world, investor actions, FinTech industry problems and the general state of the startup ecosystem.<\/li>\n<\/ul>\n
- The efforts of online scammers have intensified<\/a> in Kazakhstan, including scams that impersonate security officers from financial institutions.<\/li>\n<\/ul>\n
- Uzbekistan has approved<\/a> procedures for issuing and circulating electronic money that define Central Banks and financial institutions as issuers, legal entities as operators and other actors as owners.<\/li>\n
- The National Interbank Processing Center has completed<\/a> its testing of HUMOPay, an analogue of Apple Pay in Uzbekistan. The service is expected to be available in the mobile applications of a number of Uzbek financial institutions in the near future.<\/li>\n
- Moneyveo, Ukraine\u2019s first online lending service, now has more than 900,000<\/a> customers and has issued loans worth more than UAH 14 billion in total.<\/li>\n
- Rusbase has updated its map<\/a> of Russian FinTech startups and published a complementary list of companies that have closed their doors.<\/li>\n<\/ul>\n
- Bottomline Technologies Inc. has released a report<\/a> on major global banking and payment trends.<\/li>\n
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