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Some Russian bank customers have been cut off from Apple Pay and Google Pay

The Verge

Customers at a number of banks in Russia can no longer use their bank cards with Google Pay and Apple Pay due to newly-imposed financial sanctions on the country, as reported by Insider. Sanctions issued by the EU target 70 percent of Russia’s banking network.

Banking 98
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US and Europe will block some Russian banks from SWIFT

The Verge

The letter, signed by the United States, UK, Canada, and European allies, lays out new measures to isolate Russia’s central bank, and announces a new trans-Atlantic task force to freeze the foreign assets of sanctioned individuals. used to authenticate payment instructions between banks. billion to $52 billion.

Banking 98
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Trending Sources

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Digital banking boosts financial inclusion, new business models in Africa

CIO Business Intelligence

In early 2021, a wave of digital innovation in the African financial sector, born out of a response to the tight grip of the pandemic, fuelled services and applications that had the potential to really shake up the banking sector. African banks rush to offer new services. Fintech lowers costs for banks and consumers.

Banking 52
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Talking Fax with Michel Colaci

Spearline Testing

In a recent podcast interview, Kees and Josh were joined by the owner and founder of Screenzest, Michel Colaci has a background in digital communications and the telecommunications industry. While global technology has evolved rapidly, the telecommunications industry has not changed dramatically in terms of the modalities used.

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What telco mobile money licenses mean for Nigeria’s financial services sector

CIO Business Intelligence

That may change as telecommunications companies such as Airtel and MTN jump into the mobile money market, after recently receiving licenses to do so. Nigeria’s mobile money landscape, however, has been dominated by banks and other financial services companies. Mobile money is not entirely new to Nigeria.

Licensing 111
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SWIFT has not seen its last 'bank robbery'

Network World

A former CSO of the World Bank Treasury calls the SWIFT system outdated and open to malware attacks. The Society for Worldwide Interbank Financial Telecommunications , which the industry refers to as the SWIFT co-op maintains this system. Those vulnerabilities could lead to manipulation of financial transactions.

Banking 60
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Wireless pioneer Craig McCaw files IPO for new Seattle-area ‘blank check’ tech company Holicity

GeekWire

In its IPO prospectus filing , Holicity says it intends to “initially focus our search on identifying a prospective target business in the technology, media and telecommunications (“TMT”) industries in the United States and other developed countries.” He sold McCaw to AT&T for $11.5 billion in 1994. billion in 1994.

Company 104