SWIF alternative

Russia’s SWIFT alternative SPFS gaining traction

By admin1 on April 11, 2022 • ( 0 )

In a significant development that marks the de-dollarization in the global economy, Russia’s finance ministry said, Moscow has called on the BRICS countries to extend the use of national currencies and integrate payment systems. Western sanctions have weighed down the… Read More ›

Russian banks increase usage of China’s SWIFT alternative UnionPay

By admin1 on March 7, 2022 • ( 0 )

With VISA and Mastercard deciding to withdraw from Russia following its invasion of Ukraine, the Russia’s central bank said local lenders could look to using China’s UnionPay system. It also went on to add, Russian-issued Mastercard and Visa cards would… Read More ›