- \n
- Samsung is partnering with SoFi for the development<\/a> of Samsung\u2019s own debit card. The card, which is scheduled for release this summer, will interact with the Samsung Pay system and be compatible with Samsung smartphones.<\/li>\n
- Venture capital investments in FinTech fell to USD 6.1 billion to kick off<\/a> 2020. This marks the lowest amount in 4 years.<\/li>\n
- Chinese internet giant Tencent has introduced<\/a> its own artificial intelligence-based credit scoring system that will assign a credit rating to each of the 600 million WeChat messenger users.<\/li>\n
- The European Central Bank is developing<\/a> its own digital currency to be used in retail within the Eurozone.<\/li>\n
- Mastercard<\/a> plans to improve the level of financial inclusion around the world by providing 1 billion people and 50 million SMEs (including 25 million women-owned SMEs) access to the digital economy.<\/li>\n
- Finextra, in close collaboration with experts from Deloitte, HSBC and BBVA, has published a report<\/a> on the future of blockchain in the financial sector.<\/li>\n
- The launch of the Telegram Open Network<\/a> (TON) blockchain platform has been cancelled due to a ruling from a United States court that has banned the functioning of the Gram cryptocurrency.<\/li>\n<\/ul>\n
Russia:<\/strong><\/p>\n
- \n
- Neobank Point has launched a beta version of a mobile service for freelancers and entrepreneurs without employees. The service, called PointXS<\/a>, features online bookkeeping, automatic transfers to personal cards and unlimited withdrawals.<\/li>\n
- Dmitry Petrov, general director of Kometrika, details<\/a> how the current crisis opens up a window of opportunities for their company that FinTechs simply cannot take advantage of.<\/li>\n
- Anton Nikonorov, formerly of Sberbank Technologies, has announced<\/a> his plans to launch a neobank for the self-employed in Europe, especially Gen Z streamers, influencers and bloggers.<\/li>\n
- Players in Russia\u2019s financial market are openly discussing the possibility of supplying each Russian with his\/her own QR code<\/a> for payments in the Quick Payment System.<\/li>\n<\/ul>\n
Ukraine:<\/strong><\/p>\n
- \n
- For the 4th<\/sup> time, FinTech company Moneyveo has been nominated<\/a> for Best Finance\/Business\/IT Company<\/em> in Ukraine<\/em> in the all-Ukrainian Brand of the Year<\/em> business competition.<\/li>\n
- Founders of Ukraine\u2019s first digital bank Monobank are planning<\/a> to launch digital banks in emerging markets. India, Indonesia, Pakistan, Nigeria, the Philippines, Egypt, Vietnam, Saudi Arabia and Singapore are all being considered.<\/li>\n
- Liga.net has published<\/a> materials on how Ukrainian startups, including FinTechs, are being impacted by the COVID-19 outbreak.<\/li>\n
- A recent Fabrizio Ward study conducted for Visa has revealed<\/a> that, of all biometric identification methods in Ukraine, fingerprints and retinal scans are considered to be the most reliable.<\/li>\n<\/ul>\n
Belarus:<\/strong><\/p>\n
- \n
- Digital Banking Conference<\/em><\/a> will take place May 21-22, 2020 in an online format. The event will feature a number of experts discussing the creation of ecosystems, the elements of building architecture and the role of FinTechs in these processes.<\/li>\n<\/ul>\n
Kazakhstan:<\/strong><\/p>\n
- \n
- The volume of non-cash card payments increased<\/a> by 16% in March 2020, exceeding KZT 2 billion in total. Most of these payments came in the form of online payments. The main reason for this uptick is the COVID-19 outbreak and the related quarantine measures to contain it.<\/li>\n<\/ul>\n
Uzbekistan:<\/strong><\/p>\n
- \n
- The HUMO payment system has failed<\/a> due to an increase in the number of requested transactions, mostly stemming from the requested withdrawal of funds from cards. As a result, authorities have decided to reissue<\/a> salaries, pensions and other benefits.<\/li>\n
- Uzpromstroybank has launched<\/a> a new mobile application, JOYDA. In addition to traditional services, JOYDA allows users to purchase goods for home delivery.<\/li>\n
- Uzbekistan has established<\/a> procedures regarding the use of its electronic currency, including roles, responsibilities and rights for its use.<\/li>\n
- The Apelsin application<\/a> now offers users the ability to easily transfer from any HUMO card to any Uzcard and vice versa.<\/li>\n<\/ul>\n
Azerbaijan:<\/strong><\/p>\n
- \n
- PaySpace Magazine Ukraine has published<\/a> a wealth of material on the current happenings of the Azerbaijani financial market, including the fact that two banks have recently lost their licenses.<\/li>\n<\/ul>\n
Georgia:<\/strong><\/p>\n
- \n
- Tracxn Technologies has published<\/a> information on 10 of the most notable FinTech startups based in Tbilisi.<\/li>\n<\/ul>\n
Armenia:<\/strong><\/p>\n
- \n
- Ardshinbank has been recognized<\/a> as the best Armenian bank in 2020 by Global Finance Magazine, joining winners from other countries such as Bank of America (USA), Barclays (Great Britain) and TBC (Georgia).<\/li>\n
- The State Revenue Committee has developed<\/a> a platform to allow residents of Armenia to pay taxes online using bank cards.<\/li>\n<\/ul>\n
- Ardshinbank has been recognized<\/a> as the best Armenian bank in 2020 by Global Finance Magazine, joining winners from other countries such as Bank of America (USA), Barclays (Great Britain) and TBC (Georgia).<\/li>\n
- Tracxn Technologies has published<\/a> information on 10 of the most notable FinTech startups based in Tbilisi.<\/li>\n<\/ul>\n
- Uzpromstroybank has launched<\/a> a new mobile application, JOYDA. In addition to traditional services, JOYDA allows users to purchase goods for home delivery.<\/li>\n
- The HUMO payment system has failed<\/a> due to an increase in the number of requested transactions, mostly stemming from the requested withdrawal of funds from cards. As a result, authorities have decided to reissue<\/a> salaries, pensions and other benefits.<\/li>\n
- The volume of non-cash card payments increased<\/a> by 16% in March 2020, exceeding KZT 2 billion in total. Most of these payments came in the form of online payments. The main reason for this uptick is the COVID-19 outbreak and the related quarantine measures to contain it.<\/li>\n<\/ul>\n
- Founders of Ukraine\u2019s first digital bank Monobank are planning<\/a> to launch digital banks in emerging markets. India, Indonesia, Pakistan, Nigeria, the Philippines, Egypt, Vietnam, Saudi Arabia and Singapore are all being considered.<\/li>\n
- Dmitry Petrov, general director of Kometrika, details<\/a> how the current crisis opens up a window of opportunities for their company that FinTechs simply cannot take advantage of.<\/li>\n
- Venture capital investments in FinTech fell to USD 6.1 billion to kick off<\/a> 2020. This marks the lowest amount in 4 years.<\/li>\n
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