The deadline for the mandatory introduction of card payments in stores
The period from which all retail outlets and online stores will be required to accept bank cards will be postponed for a year and a half, said Anatoly Aksakov, head of the State Duma Committee on the Financial Market. According to him, the requirement is planned to be extended to all trade and service enterprises (TSP) from January 1st, 2023 instead of July 1st, 2021 - the date that was discussed earlier. read
Russian Agricultural Bank presented a number of new services
Russian Agricultural Bank presented a number of new services at the forum of innovative financial technologies that took plsce in Sochi. They state that all their efforts are being used towards increasing availability of financial services. For instance, a mobile platform that allows the client to use the service from a distance and introduction of biometry. Also, as an alternative to bank cards, a payment ring has been created. read
Rosselhozbank simplified the activation process of paying rings
At the FINOPOLIS 2019 Information Financial Technology Forum, the Russian Agricultural Bank introduced a simplified way to activate Pay Ring payment rings. Now linking the device to the client’s bank account is possible not only at the Bank’s offices, but also through the RSHB mobile workstations using the Easy Front application. Mastercard RSHB payment rings were developed jointly with Pay Ring and were launched in January 2019. read
Russia received 1st place in Europe in cash-free transaction growth
It was stated in the report of the consulting company BCG that Russia became a world leader in the number of the most protected tokenized transactions and Europe’s biggest market in the volume of operations with using digital currency. Other countries such as Lithuania, Latvia, Poland, Portugal and the Czech Republic entered Europe’s group of leaders in cash-free transaction growth. read
Technologies of urban infrastructure presented at the world Congress on information technology
World Congress was on information technology (WCIT) held in different countries since 1978, the Alliance for information technologies and services (WITSA). The first Congress of the WCIT was held in Barcelona, and then every two years was held in such cities as San Francisco, Tokyo, Paris, Washington, London, Amsterdam, Montreal, Kuala Lumpur and others. read