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Tag Archives: payments systems

bne Intellinews — Russia’s Banking Sector Is Embracing the Blockchain Technology With a Vengence

“Blockchain can change the world just as much as the Internet. This technology is very important to the banking sector as it allows expenses to be reduced, significantly increases the speed and security of transactions and provides an unprecedented level of trust and transparency for all transactions,” commented Andrey Shemetov, Sberbank’s Vice President and Head of the Global Markets Department. “I’m sure that our joint blockchain project with the NSD and MTS is just the beginning, and...

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Defend Democracy Press — EU to create special payment channels with Iran despite US sanctions – Mogherini

European Union Foreign Affairs Chief Federica Mogherini Says the EU Signatories Remain Committed to the Nuclear Deal With Iran That the US Has Quit. The Group Is Working to Create Special Payment Channels to Do Business With Iran. Mogherini Read From a Statement Following a Ministerial Meeting of the Remaining Signatories of the Joint Comprehensive Plan of Action (JCPOA) Deal at the Sidelines of the UN General Assembly. The Statement by the Five Nations –Russia, the UK, Germany, China and...

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Paul Antonopoulos — Russia, China discuss integrating payment systems

Russian Prime Minister Dmitry Medvedev told reporters that discussions are being held between Russia and China to integrate their payment systems together."At the moment, issues of somehow linking the Mir card with Chinese payment instruments on the basis of the so-called co-badged cards are being discussed," Medvedev said."It will allow to use cards in transactions in Russia and on the territory of other countries. I view those prospects as very promising and they will allow to avoid the...

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