How this fintech company got Russia’s first banking license in 4 years

How this fintech company got Russia’s first banking license in 4 years
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-4-12 02:13

The Russian Federation doesn’t exactly scream friendliness when it comes to financial innovation, but appears to be making an exception for a company called Bank 131. At a time when Russia is taking away banking licenses, this fintech business is the first to receive a license in four years.

One of the primary thrusts of Bank 131 is that it will easily handle international payments to its Russian users. It’s historically a complicated and bureaucratic process to receive international income in Russia. The country is extremely modern in its deployment of domestic payment technologies, but this convenience doesn’t carry over to…

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