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World Cup Highlights Growth Of Contactless Payments In Russia

PYMNTS

Contactless payments scored big at the FIFA World Cup in Russia, with 50 percent of Visa purchases in tournament venues utilizing contactless transactions through cards, mobile devices and wearables. Fans from Russia were the biggest spenders, followed by visitors from the United States and Mexico. million rubles ($136,000).

Payments 101
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Chip shortage drives up card costs

Payments Dive

Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips.

Cards 456
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Today In Payments Around The World: Amazon Invests In India Unit; Russia-Based eCommerce Firm Ozon Gears Up For IPO

PYMNTS

In today’s top news in payments around the world, Amazon reportedly infused $152 million into its India Amazon Seller Services unit, while Russia-based online shopping firm Ozon is reportedly getting ready to file for an initial public offering (IPO). Plus, Mitek and Digidentity have teamed to help more people register on GOV.UK

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Global economic risks ‘could eclipse anything since second world war’, says JP Morgan boss

TheGuardian

In annual letter to investors, Jamie Dimon warns ‘wars in Ukraine and Middle East could become far worse’ The boss of the US bank JP Morgan has warned that the world could be facing the most dangerous moment since the second world war, putting lives and economic growth at risk.

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The Guardian view on globalisation’s discontent: it’s not right for poor countries to fund the rich | Editorial

TheGuardian

Wealthy nations exploit their position as the world’s bankers to siphon off hundreds of billions from the needy Developing nations have long complained that globalisation has enthroned western currencies in such a way as to subsidise living standards in the rich world.

National 100
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Russian Regulator Alleges Booking.com Broke Anti-Monopoly Law

PYMNTS

Russia's federal anti-monopoly service (FAS) has accused Booking.com of reportedly violating antitrust laws in the country and abusing a dominant market position, according to Reuters Monday (Dec. Under Russia's anti-monopoly law, the company could face a fine of around 1 percent to 15 percent of its annual revenue generated in the country.

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AliExpress Russia’s CEO: We’ll Make $10B In Annual Revenues By 2022-2023  

PYMNTS

AliExpress Russia , the eCommerce venture between the Alibaba Group Holding Ltd., Dmitry Sergeev, AliExpress’ Russia CEO, did not provide details on this year’s cash flow. Sergeev said AliExpress Russia wants to boost the share of Russian sellers on the platform to 50 percent by 2022-2023, and reach 50 million customers annually.

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