Tag: Electronic payments
Russia only accepts rubles
Berlin The order by Russian President Vladimir Putin that EU states and the USA can only pay their gas bills in rubles could have a significant impact. Further details on…
Russia only accepts rubles
Jens Suedekum The professor of international economics believes an energy embargo against Russia is more likely after Putin’s announcement. (Photo: Imago Images) Berlin According to economist Jens Südekum, the changeover…
Russian Ministry of Finance confirms interest payment on bond
Central Bank of Russia The central bank still seems to be escaping a national bankruptcy. (Photo: Bloomberg) Frankfurt According to its own statements, the Russian government has transferred another interest…
Frustration among customers of the VTB Bank subsidiary
VTB Bank in Frankfurt VTB Direct Bank is a branch of VTB Bank Europe. (Photo: Jan Huebner) Frankfurt “How do I get my money?” Many VTB direct bank customers are…
Andreessen Horowitz joins Fintech in Berlin
Emre Talay, Orkhan Abdullayev and Nicolas Thouzea (left to right) The Payrails founders were largely responsible for processing payment transactions at Delivery Hero. Now they are starting their own company.…
Savings banks see the Ukraine war as a “turning point”
Frankfurt The savings banks fear that the Ukraine war will put a heavy strain on companies and consumers in Germany. “There will be significant second and third round effects,” said…
Worlds already decoupled on the smartphone
Anyone who comes to China as a foreigner needs a few weeks to become digitally socially acceptable. Many apps that are used every day in the West are blocked in…
Serious allegations from ex-CEO Markus Braun
Former Wirecard headquarters near Munich The indictment against longtime CEO Markus Braun and two other former managers is 474 pages long. (Photo: dpa) Dusseldorf The Munich I public prosecutor’s office…
Prosecutors bring charges against ex-Wirecard boss
Markus Braun before the investigative committee of the German Bundestag In custody for almost 20 months: The longtime Wirecard CEO rejects all allegations and wants to be the victim instead…
Prosecutors bring charges against ex-Wirecard boss
Markus Braun before the investigative committee of the German Bundestag In custody for almost 20 months: The longtime Wirecard CEO rejects all allegations and wants to be the victim instead…
How savings banks and Volksbanks ensure foreign payments
Frankfurt Savings banks and cooperative banks want to equip the popular Girocard, formerly known as the “EC card”, with a new function on a large scale. This is how you…
Why the EU isn’t cracking down on cryptocurrencies
The wallets, storage locations in which the Bitcoin or other currencies are located, are not subject to the same requirements as bank accounts. That is why it is difficult for…
Payment service provider Klarna takes back fees
Klarna advertising The Swedish payment service provider Klarna is adapting payment methods in favor of consumers. Industry observers believe that Klarna anticipates possible regulation. (Photo: mauritius images / Robert Evans…
Central Bank of Russia restricts foreign exchange trading
Central Bank of Russia On the other hand, there are no restrictions on exchanging foreign currencies for rubles. (Photo: Bloomberg) Moscow The Russian central bank imposes drastic restrictions on foreign…
Bafin orders additional equity
Solaris bank The headquarters of the Neobank in Berlin. (Photo: Solarisbank) Frankfurt The German financial regulator Bafin has prescribed higher equity for Solarisbank. The reason for the measure was a…
Unionpay as a way out for Russia’s banks?
Unionpay With a transaction volume equivalent to around 150 billion US dollars, Unionpay was the second largest payment network in 2020. (Photo: Reuters) Beijing After the withdrawal of Mastercard and…
German financial institutions stop making payments to VTB Bank Europe
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt According to…
World’s largest credit card issuers suspend business in Russia
Visa and Mastercard credit cards Because of the Russian invasion of Ukraine, the two credit card providers are suspending their business in Russia. (Photo: dpa) Washington Because of the Russian…
Sanctions against seven Russian banks
The logo of the Russian VTB Bank The EU has excluded a total of seven banks from the Swift global payment system. (Photo: Bloomberg) Brussels, Frankfurt The EU officially issued…
European subsidiary of VTB Bank stops opening new accounts
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt The second…