Tagged: sberbank

Sberbank Teams Up With Evotor to Roll Out Payment With Customer QR Code

Russian banking group Sberbank announced on Thursday it has teamed up with Evotor to add a new function to the Pay with QR service when accessed through Evotor POS terminals, by letting customers use their QR codes in addition to dynamic QR codes already available…. Read More

Russian Consumer Bank Sberbank Reportedly Launching Blockchain Platform Built on Hyperledger Fabric

Russian banking group Sberbank is reportedly set to launch a blockchain platform built on Hyperledger Fabric. According to Coindesk, the blockchain system is designed for trade finance, which will include exchanging letters of credit. The media outlet also revealed that Sberbank Deputy Chair, Anatoly Popov,… Read More

Russia’s Largest Bank, Sberbank, Is Considering Issuing its Own Stablecoin after Country Introduces New Crypto Law

Russia’s largest banking institution, Sberbank, is reportedly looking into whether it should launch its own stablecoin, which are digital currencies that are pegged or backed by real-world assets, major fiat currencies, or commodities such as gold. Sergey Popov, director of state-owned Sberbank’s transaction business, said… Read More

Russia’s Sberbank Announces New System For Payment Services “SberPay”

Russian banking group Sberbank announced on Thursday the launch of SberPay, which is a new system for payment services. According to Sberbank, SberPay allows users to pay for purchases both online and offline. “SberPay is absolutely free for retail customers. Fees for using SberPay’s online… Read More

Russia’s Largest Bank, Sberbank, Calls on Suppliers to Provide 4,917 ATMs that come with Graphic Cards to Perform “Blockchain Operations”

Russia’s largest banking institution, Sberbank, has reportedly called on local suppliers to provide 4,917 ATMs that come with built-in graphic cards that can perform “blockchain operations.” According to industry experts, these graphic cards would most likely be used for mining decentralized cryptocurrencies like Bitcoin (BTC)…. Read More

Sberbank Unveils Anti-Crisis Support Platform Specifically For SMEs

Russian banking group Sberbank announced earlier this week it is launching an anti-crisis support platform, SberUnity, that is specifically for SMEs. According to Sberbank, SberUnity was created to help businesses find new solutions and transform their companies from offline to online ones. Sberbank also claims… Read More

Russian Residents Are Increasingly Conducting Cashless Transactions, As Overall Digital Payments Rise Nationwide: Report

The fourth quarter of 2019 saw Russia’s citizens perform more digital payments than transacting with cash (for the first time ever), state-owned Sberbank confirmed. Moscow-based Sberbank conducted the market research as part of its SberData initiative, revealing that Russian residents performed 50.4% of total transfers… Read More

Sberbank’s Loyalty Program Now Allows Customers to Send Reward Points to Each Other

Russian banking group Sberbank announced on Tuesday its loyal program is now allowing users to send reward points to each other. According to Sberbank, all loyalty program members, besides those who are at the lowest Spasibo privilege level, will be entitled to transfer points from… Read More

Russia’s Largest Bank Sberbank and Microsoft to Use Artificial Intelligence for Robotic Cash Handling

Sberbank Rossii PAO (MCX:SBER) and Microsoft Research (MSR) announced a joint initiative to explore the use of Microsoft’s artificial intelligence (AI) solutions in robotics. The project involves training robots to interact with real-world objects in the same way that humans do. Researchers at Sberbank will… Read More

Russia’s Largest Bank Sberbank Purchases $15 Million in Debt via HyperLedger Blockchain

Russia’s largest financial institution Sberbank has reportedly purchased around $15 million worth of accounts receivable from Trafigura, a Singaporean commodity trading firm that leverages blockchain technology. The pilot transaction was conducted on the Hyperledger Fabric platform, according to a representative from Sberbank. The blockchain-based purchase… Read More

Sberbank Announces Letter-of-Credit Business of Legal Entities for Online Availability

Russian banking group Sberbank announced last week it has implemented a feature on remote banking services on letters-of-credit in Sberbank Business Online’s system. The bank revealed: “Clients can create applications on letters of credit online and independently send them to the bank to be processed…. Read More

Russian Central Bank Wary of Cryptocurrencies; Sberbank Suspends Crypto Desk Plans

Bank of Russia head Elvira Nabiullina has told deputies of the State Duma (parliament) in Russia that her organization is wary of cryptocurrencies, Pravo reports: “We are against the legalization of cryptocurrency as a means of payment. We believe that there are big risks for… Read More

Sberbank Redeems First Issue of Retail Investment-Grade Bonds

Russian banking group Sberbank announced on Friday it has redeemed first issue of its reatil investment-grade bonds. According to Sberbank, the yield of this issue depended on the performance of Gazprom’s American depositary receipts (ADRs) and was 20.14% for the maturity period (9.61% per annum). … Read More

Sberbank Announces Online Service Sberbank Cash Transit

Russian banking group Sberbank announced on Friday the launch of its new online cash transit services, which allows users to make existing cash transit agreements. According to Sberbank, the advantages of the group’s cash transit services include the following: Reliable partner with the widest coverage Funds are… Read More

Sberbank Now Allowing Consumer Lending on Mobile App

Russian banking group Sberbank announced last week it is now offering online individual lending through its mobile app, which is specifically offered to Android users at this time, with iOS functionality being available in a few months. While sharing more details about the new functionality, Managing… Read More

Sberbank Now Allowing Users in 42 Russian Cities Make Instant Contactless Payments Using Pay-QR

Russian banking firm Sberbank announced earlier this week it is now allowing users in 42 Russian cities to make instant contactless payments using Pay-QR on smartphones. According to Sberbank, the project’s goals are to provide a convenient new QR code payment technology for individuals and a… Read More

Sberbank & Yandex.Checkout Introduce B2B Payments Service

Yandex.Checkout and Sberbank have launched a new B2B Payments service allowing companies to accept online payments from corporate clients.  The new feature aims to reduce the payment process time frame to 1–3 minutes. Yandex.Checkout and Sberbank claim the title for the first platforms to offer… Read More

Russia’s Sberbank Now Offering Loans Without Proof of Income Through New Pilot Project

Russian bank Sberbank announced last week the launch of its new pilot project that will allow loans to be issued without proof of income. The bank reported that up to RUB 300,000 will be given per loan. Speaking about the project, Sergey Shirokov, Managing Director… Read More

Official Says Russian Central Bank’s ICO Pilot a Success

Ivan Semagin, Deputy Director of the Financial Market Development at the Bank of Russia, told attendees at a finance and trade conference in Vladivostok this week that the Bank of Russia’s first “sandbox” trial of an ICO (intitial coin offering) blockchain system went well technically, though… Read More

Sberbank Teams Up With 500 Startups to Launch New Russian IT Startups Program

Sberbank announced on Friday it has formed a partnership with international accelerator 500 Startups to launch a new program specifically for Russian IT startups. According to Sberbank, the accelerator program is designed for the following areas: E-commerce Digital medicine Lifestyle services Cloud B2B services Advertising… Read More

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