The European Union might trim seven Russian banks from SWIFT, the international messaging system used to process payments, according to documents seen by POLITICO Tuesday (March 1). The list includes VTB, the country’s second-largest lender and a financial services provider with branches in Russia, former...
The Bank of Russia said that customers of some banks being sanctioned by the U.S. and other governments may be cut off from using their cards and mobile payment systems. As Reuters reported Friday (Feb. 25), the central bank said debit and credit cards issued...
Russian lender VTB said Western sanctions on its operations would limit the use of its cards outside Russia, and warned customers in other nations to withdraw money or pay through different banks. According to a Thursday (Feb. 24) report by Reuters, VTB said all cards,...
VTB and the Moscow Metro are rolling out a new program that allows metro riders to pay their fares using biometric data at all stations in October using the Face Pay system, which allows customers to travel with facial recognition technology and high processing volumes....
September 04, 2017
Where in the world is Alipay? At this point, pretty much everywhere Chinese tourists might want to go, with most of Europe and North America now supported and South America being the only major exception (besides Antarctica, though we hear the tourism scene there is heating up, so who knows — it could be next!). […]
March 03, 2022
Regulators in Germany are preparing for the closure of the European arm of VTB, the second-largest bank in Russia. As Reuters reported Thursday (March 3), sources in the German regulatory community say VTB’s operations in Europe could be closed within days. Germany is where VTB does much of its European business. Another source said BaFin, […]
March 02, 2022
The European Union might trim seven Russian banks from SWIFT, the international messaging system used to process payments, according to documents seen by POLITICO Tuesday (March 1). The list includes...
February 25, 2022
The Bank of Russia said that customers of some banks being sanctioned by the U.S. and other governments may be cut off from using their cards and mobile payment systems....
February 25, 2022
Russian lender VTB said Western sanctions on its operations would limit the use of its cards outside Russia, and warned customers in other nations to withdraw money or pay through...
