1. Paysafe study shows COVID-19 fueling online shift, payment preferences
  2. How the pandemic is solidifying contactless payments
  3. MoneyGram’s Walk-In Business Hit By Coronavirus As Digital Transactions Surge
  4. Visa says contactless use surged amid COVID-19
  5. MoMo Interoperability Grows by Over 350% in the first quarter of 2020
  6. Russia’s VTB Bank launches international card-to-card transfers
  7. Ghana Launches Africa’s First Universal QR-Code to Drive E-Payments
  8. IKEA Dubai to Allow Customers To Pay For Goods With Their Time
  9. Alibaba Extends $3B Loans to Coronavirus-Affected Firms
  10. ECG Prepaid Payments Goes Digital With Mobile App
  11. Ghanaians Urged to Embrace e-Payment as a lifestyle in 2020
  12. Africa’s Quiet Cashless Payments Revolution
  13. Ghana’s Payment System Is Challenged-Kweku Adoboli
  14. Dangers Of Large Currency Denomination Notes
  15. Bank of Ghana Introduces Higher-Denomination Banknotes and Coins
  16. Fintechs and MoMo Operators to Acquire License by June 2020-BoG
  17. GCB Bank To Issue Electronic Money
  18. Digitization Key to Formalizing Ghana’s Economy
  19. Google to Offer Checking Account
  20. Mobilemoney Interoperability Crosses GH¢90 billion
  21. Ghana to Launch a Universal QR-Code For Payments
  22. AirtelTigo Appoints New CEO
  23. Wirecard Acquires Chinese Payments Group for €109m
  24. Apple Pay Tops Mobile Payment Apps
  25. Verve Cards Launched in Ghana
  26. Ransomware Hits Billtrust
  27. The Catholic Church Launches Digital Rosary
  28. Payments Systems and Services Bill Passed
  29. GTBank Launches Virtual Cards to Promote Online Shopping
  30. MTN Ghana: “More Taxes Would Injure The Mobile Money Sector
  31. PwC Unveils New Tool For Auditing Crypto Transactions
  32. Bitcoin on Track For Best Second Quarter Price Gain
  33. Mobile Money Operators to Face Minimum Capital Requirement-Bank of Ghana
  34. Facebook Moves Towards Payments and E-commerce
  35. BoG to Enforce Rules on Cash Declaration at Kotoka International Airport
  36. India Moves to Ban Cryptocurrencies
  37. Fintech: Redefining Payments in Africa
  38. Ghana’s Tax Filing To Go Digital
  39. MTN Deepens Financial Inclusion For Women In Ghana
  40. Apple Launches a New Credit Card
  41. IT Consortium Is ISO 27001:2013 certified
  42. 8 Services You Don’t Know Exist On MTN Mobile Money
  43. Second phase of mobile money interoperability launched
  44. African Banks Must Work With Fintech Startups
Friday, October 30, 2020
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  1. Paysafe study shows COVID-19 fueling online shift, payment preferences
  2. How the pandemic is solidifying contactless payments
  3. MoneyGram’s Walk-In Business Hit By Coronavirus As Digital Transactions Surge
  4. Visa says contactless use surged amid COVID-19
  5. MoMo Interoperability Grows by Over 350% in the first quarter of 2020
  6. Russia’s VTB Bank launches international card-to-card transfers
  7. Ghana Launches Africa’s First Universal QR-Code to Drive E-Payments
  8. IKEA Dubai to Allow Customers To Pay For Goods With Their Time
  9. Alibaba Extends $3B Loans to Coronavirus-Affected Firms
  10. ECG Prepaid Payments Goes Digital With Mobile App
  11. Ghanaians Urged to Embrace e-Payment as a lifestyle in 2020
  12. Africa’s Quiet Cashless Payments Revolution
  13. Ghana’s Payment System Is Challenged-Kweku Adoboli
  14. Dangers Of Large Currency Denomination Notes
  15. Bank of Ghana Introduces Higher-Denomination Banknotes and Coins
  16. Fintechs and MoMo Operators to Acquire License by June 2020-BoG
  17. GCB Bank To Issue Electronic Money
  18. Digitization Key to Formalizing Ghana’s Economy
  19. Google to Offer Checking Account
  20. Mobilemoney Interoperability Crosses GH¢90 billion
  21. Ghana to Launch a Universal QR-Code For Payments
  22. AirtelTigo Appoints New CEO
  23. Wirecard Acquires Chinese Payments Group for €109m
  24. Apple Pay Tops Mobile Payment Apps
  25. Verve Cards Launched in Ghana
  26. Ransomware Hits Billtrust
  27. The Catholic Church Launches Digital Rosary
  28. Payments Systems and Services Bill Passed
  29. GTBank Launches Virtual Cards to Promote Online Shopping
  30. MTN Ghana: “More Taxes Would Injure The Mobile Money Sector
  31. PwC Unveils New Tool For Auditing Crypto Transactions
  32. Bitcoin on Track For Best Second Quarter Price Gain
  33. Mobile Money Operators to Face Minimum Capital Requirement-Bank of Ghana
  34. Facebook Moves Towards Payments and E-commerce
  35. BoG to Enforce Rules on Cash Declaration at Kotoka International Airport
  36. India Moves to Ban Cryptocurrencies
  37. Fintech: Redefining Payments in Africa
  38. Ghana’s Tax Filing To Go Digital
  39. MTN Deepens Financial Inclusion For Women In Ghana
  40. Apple Launches a New Credit Card
  41. IT Consortium Is ISO 27001:2013 certified
  42. 8 Services You Don’t Know Exist On MTN Mobile Money
  43. Second phase of mobile money interoperability launched
  44. African Banks Must Work With Fintech Startups

Russia’s VTB Bank has launched international card-to-card transfers, enabling customers to make money transfers to foreign banks across Europe.

VTB-Online customers can now send money to cards of banks in CIS countries as well as other countries across Europe. In addition, the maximum amount for one transfer is $2000, with commission set at 1.5%.

Nikita Chugunov, VTB’s Head of Digital and SVP, said: “Previously, for VTB-Online, funds could only be transferred to foreign accounts using the SWIFT Transfer service, and the amounts were credited within 3-5 days. Now we have added the ability to transfer money worldwide from card to card. The money will be credited to the other account instantly.

“This is especially important, given our client’s request for efficiency, and is particularly relevant for the current conditions of the self-isolation regime in almost all countries.”

Using card-to-card transfers

To use the service, customers must select the “Worldwide transfers” section in the bank’s mobile app. Alternatively, they can use internet banking by clicking on the “From card to card” option.

After this, they need to enter the recipient and sender information and the transfer amount. Once confirmed, the money will instantly be credited to the recipient’s account.

Chugunov added: “VTB plans to develop this service by increasing the number of countries and launching money transfer services worldwide. This will be even more convenient and less expensive for our customers.”

The countries currently included are Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, China, Kyrgyzstan, Latvia, Lithuania, Moldova, Tajikistan, Turkmenistan, Uzbekistan, Estonia, Germany, Israel, Italy, Romania, France and the Czech Republic.

According to VTB, Kazakhstan, Belarus, Azerbaijan, the Czech Republic and Moldova were the countries with the highest number of transfers among VTB-Online customers.

Last month, the Russian bank’s market share dropped from 7.2% to 6.7%. However, overall, Russia’s credit card market gained 21.8% in absolute terms from RUB285bn to RUB1.595 trn.

 

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