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1 day ago · Russia, Iran Integrate National Payment Systems. Russia, Iran Integrate National Payment Systems. By Editors, Regulation Asia. Published on8th July 2024. Work to link Russia's MIR network and Iran's Shetab has been finalised. Agreement also signed on use of national currencies. Sign in.
1 day ago · Move comes after central Asian banks and payments systems have cut ties to Mir. Russia and Iran have connected their payment systems, allowing the US-sanctioned nations use of their currencies for commercial transactions. Central Bank of the Islamic Republic of Iran governor Mohammad Reza Farzin announced on July 6 that Russia’s Mir payments ...
3 days ago · TEHRAN, Jul. 06 (MNA) – Tehran and Moscow have finalized integration of Russia’s Mir and Iran’s Shetab payment systems, the governor of the Central Bank of Iran (CBI) announced. "During the meeting, the two sides finalized the requirements to connect Russia’s Mir payment system to Iran’s Shetab and this project has entered the ...
5 days ago · The Bharat Bill Payment System (BBPS) is developed by the central bank to enhance the payment collection process for businesses and customers. BBPS offers a comprehensive network of physical ...
3 days ago · Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
- National Payments Corporation of India
2 days ago · Prime Minister Narendra Modi and President Vladimir Putin are set to focus on enhancing financial transactions between India and Russia during their annual summit in Moscow. With Russia facing SWIFT restrictions, both leaders aim to establish quicker and more efficient payment mechanisms. Plans include enabling the use of national currencies for tourists and students, involving RuPay and MiR cards.
2 days ago · The two pillars of the new-age payment system are financial inclusion and protection of the newly financially included. Regulators have been rolling out various measures specific to a platform for financial data protection, like biometric credentials, time-based one-time passwords (OTPs), limits, and monitoring login attempts to prevent breaches.
