Tag #Payment Cards

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zeit.de

🌐 65% Global Worthiness

Apr 15, 13:16

Rhineland-Palatinate Refugee Payment Card Rollout Faces Delays and Disputes

The Rhineland-Palatinate District Association criticizes the slow, inflexible rollout of a new payment card for refugees due to technical problems and conflicting interpretations of nationwide agreements, potentially leading to a patchwork of local solutions.

Rhineland-Palatinate Refugee Payment Card Rollout Faces Delays and Disputes

The Rhineland-Palatinate District Association criticizes the slow, inflexible rollout of a new payment card for refugees due to technical problems and conflicting interpretations of nationwide agreements, potentially leading to a patchwork of local solutions.

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Reduced Inequality

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How do the Ministry of Integration's conditions for the payment card conflict with nationwide agreements on refugee financial assistance?

The Ministry's conditions contradict nationwide agreements aiming to limit cash, not replace accounts, hindering aid for refugees needing support. The District Association argues the Ministry's interpretation undermines a previously agreed-upon approach to managing refugee finances and providing assistance. This conflict highlights coordination challenges between state and local authorities.

dw.com

🌐 85% Global Worthiness

Jan 30, 10:05

Kazakhstan Tightens Bank Card Rules, Curbing Sanctions Circumvention

New regulations in Kazakhstan limit non-resident access to bank cards to 12 months, impacting over 233,000 Russians who obtained IINs in 2024 to bypass sanctions, while also aiming to combat money laundering and protect the Kazakhstani financial system.

Kazakhstan Tightens Bank Card Rules, Curbing Sanctions Circumvention

New regulations in Kazakhstan limit non-resident access to bank cards to 12 months, impacting over 233,000 Russians who obtained IINs in 2024 to bypass sanctions, while also aiming to combat money laundering and protect the Kazakhstani financial system.

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What immediate impact do the new regulations on Kazakhstani bank cards have on Russian citizens seeking to utilize Kazakh financial services to bypass sanctions?

In 2024, over 435,000 foreigners obtained Kazakhstani IINs, with Russians comprising over 233,000. This allowed them access to Kazakh bank cards, circumventing sanctions. New regulations limit card validity to 12 months for non-residents and restrict issuance to five cards per person.

kathimerini.gr

🌐 85% Global Worthiness

Apr 10, 01:18

Europe's Payment System Faces Existential Challenge from Global Players

The European Credit Research Institute urges Europe to enhance its payment system autonomy, noting the rise of card payments (39% of POS transactions, 45% of value in H2 2024) yet highlighting higher fraud rates compared to credit transfers. Europe is promoting instant payments and a digital euro to...

Europe's Payment System Faces Existential Challenge from Global Players

The European Credit Research Institute urges Europe to enhance its payment system autonomy, noting the rise of card payments (39% of POS transactions, 45% of value in H2 2024) yet highlighting higher fraud rates compared to credit transfers. Europe is promoting instant payments and a digital euro to...

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How can Europe regain its competitive edge in the payments sector, given the dominance of global players and the implications for financial stability?

The European Credit Research Institute highlights a critical challenge for Europe: competing with global payment players, particularly in card payments. Card use at point of sale surged to 39% in H2 2024 from 34% in 2022 and 25% in 2019, dominating transaction value at 45% compared to cash's 39%. However, card fraud rates exceed those of credit transfers, making the latter safer.

Showing 1 to 3 of 3 results