MDM Bank

MDM Bank launches single-tap mobile payments; OpenWay provides tech

One of Russia’s major banking players, MDM Bank, has rolled out a single-tap Mastercard Contactless mobile payments option. The service is underpinned by the WAY4 Host Card Emulation (HCE) technology from OpenWay. MDM Bank’s customers can now pay from their Mastercard account with no need to enter a password or PIN code or even activate […]

Russia’s central bank launches blockchain research consortium

The Bank of Russia, the country’s central bank, has set up a blockchain research consortium with several privately-owned Russian banks. The development follows Banking Technology reporting recently that Russian payment platform Qiwi was planning to create such an entity. The central bank’s deputy governor Olga Skorobogatova says: “We developed a technical prototype for message transmission […]

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