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Daily news, Payments News, Russia sanctions, Santions, SWIFT, VTB Bank -

Just days after Sberbank announced its collapse in Austria and subsequent withdrawal from the European banking sector, VTB Bank has also announced it will quit Europe. VTB Bank is Russia’s... read more

The post VTB Bank withdraws from Europe as sanction hit appeared first on Payments Cards & Mobile.

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Daily news, Payments News, Processing & Systems, Russia sanctions, sanctions, SWIFT, Swift ban -

The European Union has announced it will exclude seven Russian banks from the Swift messaging system but stopped short of including those handling energy payments. However, there are those questioning... read more

The post EU pulls trigger on Russia Swift ban – but will it be effective? appeared first on Payments Cards & Mobile.

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Daily news, Payments News, Processing & Systems, Remittance, Russia Central Bank, Russia sanctions, sanctions, SWIFT -

For all of those of us, myself included, who thought that the sanctions laid out by ally governments around the world on Russia were not strong enough, I think we... read more

The post Russian banks cut off from Swift and Central Bank from international reserves appeared first on Payments Cards & Mobile.

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Daily news, Mobile Remittance, Processing & Systems, Regulation, Remittance, SWIFT, SWIFT international banks settlement network -

A raft of economic sanctions have been heaped on Russian banks and oligarchs as the West promises to make Vladimir Putin pay dearly for invading Ukraine. But even with Russian... read more

The post Indecision in Europe as UK and US push for Russian ejection from Swift appeared first on Payments Cards & Mobile.

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central bank digital currencies, Central bank digital currencies (CBDC), central bank digital currencies (CBDCs), Cryptocurrency, Daily news, digital yuan, Issuing & Acquiring, Mobile Remittance, People’s Bank of China (PBOC), Remittance, SWIFT -

SWIFT has set up a joint venture with the People’s Bank of China (PBoC), China’s central bank and its digital currency research institute and clearing centre, responsible for the digital... more

The post SWIFT and PBoC set up JV for internationalisation of digital yuan appeared first on Payments Cards & Mobile.

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