PLUS Journal

The National Bank of Kazakhstan is implementing the digitalization of the financial sector. The important components of this work are the National Payment System and the digital tenge pilot project. Apart from that, the Interbank Payment Card System, which is under development, will allow localization of the processing of all domestic card transactions in Kazakhstan.

More: https://plusworld.org/daily/kazakhstan-to-launch-national-payment-system/

Russia accounted for 11% of the total miners’ computing facilities in August, compared to 6.8% in April, according to a study conducted by the University of Cambridge.

With its share of 35.4% in the world's bitcoin mining, the United States is the leader, followed by Kazakhstan (18%), the study reports.

More: https://plusworld.org/daily/russia-becomes-world%E2%80%99s-third-largest-bitcoin-mining-hub/

Sberbank plans to launch pilot sales of Islamic banking products in 1H 2022, says Sber SVP Oleg Ganeev.

More: https://plusworld.org/daily/sberbank-to-launch-islamic-banking-pilot/

The regulations on the procedure for digital identification of customers was approved by the resolution of the Board of the Central Bank of Uzbekistan.

According to the regulator, the regulations determine the procedure and conditions for digital identification of individuals by banks, microcredit organizations, pawnshops and payment institutions.

More: https://plusworld.org/daily/central-bank-of-uzbekistan-approves-regulations-on-digital-identification-of-customers/

The Mir payment system expands the mobile payments applicability – starting from October 26, banks issuing the national cards will be able to start the technical implementation of the Google Pay service.

According to the technology bulletin of the payment system, this will allow Mir card holders to tokenize the cards on Android-powered devices to perform transactions using the service, Izvestia reports.

More: https://plusworld.org/daily/mir-cards-set-to-support-google-pay/

The Bank of Russia believes that banks should strengthen control over the replenishment of cards through ATMs and cash-in enabled terminals in order to combat fraud.

As a central bank’s spokesperson told RBC, anti-fraud procedures are still in place on the side of the destination bank. However, the anti-fraud procedures require more attention because fraudsters use the scenarios that provoke potential victims to deposit funds to the fraudsters’ accounts through terminals (ATMs), including those supporting the cash-in function.

More: https://plusworld.org/daily/russia%E2%80%99s-central-bank-proposes-tougher-control-over-cards-replenishment-at-atms/