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Thursday, September 17, 2026
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payment

New blow to the ruble: Chinese banks block Russian transfers in yuan

New blow to the ruble: Chinese banks block Russian transfers in yuan

Major Chinese banks stopped accepting payments in yuan from Russia and began returning such transactions to customers. According to Ukrinform, this was reported by The Moscow Times with reference to Oleksiy Poroshin, CEO of First Group JSC. According to him, at least eight credit organizations are among those who have refused to make Russian payments: […]

The US regulator has ordered Mastercard to open debit transactions to other payment networks — this will reduce fees

The US regulator has ordered Mastercard to open debit transactions to other payment networks — this will reduce fees

The US Federal Trade Commission has ordered Mastercard to begin providing rival payment networks with the information they need to process debit card payments. In the proposed enforcement actions, the FTC said Mastercard allegedly violated a provision of the Dodd-Frank Act, known as the Durbin Amendment, by prohibiting merchants from transferring transactions through alternative networks. […]