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Belarus: Silicon Valley Of Eastern Europe

PYMNTS

This week, our Tech Center Roundup heads to Belarus to see how the nation has become one of the largest and most established places in Europe for information technology outsourcing. Before we jump into the post, here are a few quick facts about Belarus and its tech scene: Belarus has an estimated population of 9.5

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France To Allow And Regulate Crypto-Related Companies

PYMNTS

The rules, which will come into effect later this month, are among the first passed on cryptocurrency by a major world economy. Because digital currency is so new, regulations vary around the world. In exchange for abiding by the standards set forth, the companies will receive approval to operate in the country. France is a precursor.

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Visa Expands Tap To Phone To 15 Countries

PYMNTS

With billions of [Android] phones around the world at the ready, the opportunity that comes with lighting them up as payment acceptance devices is enormous,” said Mary Kay Bowman, global head of buyer and seller solutions at Visa. Also, Visa said it’s preparing to launch TTP in Brazil, Italy and the United Kingdom. 2 Billion Points Of Light.

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Five Men In International ATM Hacking Gang Arrested

PYMNTS

Finextra reported that one suspect was arrested in Romania, another in Belarus and three in Taiwan. Europol recognized law enforcement from around the world in helping with the investigation that led to these arrests.

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Mastercard Partners With MegaFon For Mobile Pay Initiative

PYMNTS

The partnership, which was announced at Mobile World Congress 2018 in Barcelona, will enable MegaFon’s subscribers to pay for purchases with their smartphones by linking their mobile accounts to Apple Pay or Samsung Pay through a virtual Mastercard card, tokenizing it via the Mastercard platform.

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The Russian Connection (To Alt Lending Globally)

PYMNTS

ID Finance Co-Founders Boris Batine and Alexander Dunaev were far from newcomers to the world of finance when they started up their business in 2012. According to its founders, the situation across the developing world remains much the way it was when ID Finance first started taking on the market five years ago.

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Belarus tells banks to seize money raised to help out protesters

TheGuardian

Money frozen in accounts of people who were hoping to use it for treatment or to pay fines Authorities in Belarus have ordered banks to seize money raised in small donations and paid out as compensation to victims of a police crackdown on protesters.

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