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Russia Warns It May Be Forced to Pay Fx Debt in Roubles Due to Sanctions
Date: March 14, 2022
(Reuters) -Russia’s finance ministry said on Monday it had approved a temporary procedure for repaying foreign currency debt, but warned that payments would be made in roubles if sanctions prevent banks from honouring debts in the currency of issue. Western sanctions over events in Ukraine have cut Russia off from key parts of global financial...
Friction-Free Payment Boosts Efficiency for Consumers and Businesses Alike
Date: March 11, 2022
By Ralf Gladis, CEO, Computop When the spending limit of a contactless card was raised last autumn from £45 to £100 customers were frustrated if a retailer failed to accept the new threshold immediately. There were often valid reasons for it, including the retailer’s ability to update its payment terminals quickly, but such is the...
Exclusive-Russia’s Surgut Works With China to Allow Oil Sales to Go On
Date: March 11, 2022
By Florence Tan SINGAPORE (Reuters) -Russian producer Surgutneftegaz has allowed Chinese buyers to receive oil without providing guarantees known as letters of credit (LC) in order to bypass Western sanctions, three people with knowledge of the matter said. The change in terms is allowing Surgutneftegaz to continue to sell ESPO Blend crude from the port...
Contactless Payment Rates Surge in the Uk: But What Comes Next?
Date: March 9, 2022
Kriya Patel, CEO, Transact Payments Ltd Contactless payments have changed the way that Britons pay for goods since their introduction in 2008. The technology has proved to be truly revolutionary, with an adoption rate that has outstripped just about any other payment innovation in our lifetimes. According to data from Barclaycard, 91.1% of all eligible...
Top Tips to Drive Financial Inclusion and Better Cash Management for SMEs
Date: March 9, 2022
From the basics, to tops tips on how you can improve, here is everything you need to know about cash flow management for your small business. By Ralph Rogge, CEO, Crezco Cash is king! Cash is more valuable than profit, revenue, stock or receivables, and remains critical for any businesses. It’s an unavoidable necessity to...
How a Regulated Liabilities Network Could Solve the Cashless Dilemma
Date: March 9, 2022
By Marten Nelson, CEO, M10 Networks Central bank digital currencies (CBDC) are often mentioned as a key motivation for the rise of a cashless society. As Sweden’s central bank, Riksbanken, discusses in its paper, The Riksbank’s e-krona project, Report 1: Today, cash is used to an ever-decreasing extent in Sweden, which has led us within the world...