Payments & fintech Category: Payments & fintech

Mastercard launches incubation program for fintech startups in Ukraine

Mastercard has teamed up with 1991 Open Data Incubator, Ukraine’s first incubator for Open Data projects launched in early 2016, and National Bank of Ukraine (the central bank, or NBU) to launch a free incubation program for fintech startups. The program kicks off in October and will last till January 2018.

Dubbed ‘Fintech Master,’ the initiative aims to develop innovative fintech solutions based on open data provided by a variety of financial institutions, including the NBU, and Mastercard’s technological solutions.

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Local and international players to discuss blockchain technology in Kyiv (October 12)

On October 12, the Ukrainian capital will host the fourth edition of the international Blockchain & Bitcoin Conference Kiev, a leading industry event. Some 1,000 attendees from Ukraine and neighboring countries, as well as from Europe and the USA, are expected.

The conference will bring together local and international experts, developers, investors and blockchain startup founders.

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Police find illegal Bitcoin farm at Ukrainian state institute

Ukraine’s National Police have arrested several suspects who were illegally producing bitcoins at a recreation center of a Ukrainian state institute, according to newly released court documents.

Police found that 200 computers had been set up in an unused swimming pool at the Paton Electric Welding Institute’s recreation center to generate bitcoins, the world’s most popular digital money.

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Ukrainian entrepreneurs to deploy 150 Bitcoin ATMs to bypass the banking system

Ukraine is soon to have 150 new ATMs for both buying and selling cryptocurrencies, with around 30 of the machines in place by the end of August, The Kiyv Post has learned from Mike Chobanyan, head of the Bitcoin agency in Ukraine.

The devices will allow both selling and buying hryvnias, the national currency, and a variety of cryptocurrencies including Bitcoins, Ethereum (or Ether), Waves, and Golos.

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Fintech startup born in Ukraine and raised in Singapore closes series A round

Fintech startup Turnkey Lender has raised an undisclosed amount from  Palo Alto-based Vertex Ventures, reports TechinAsia. Turnkey Lender gives financial services providers a cloud-based solution for managing the loans that they give to their clients and customers. It uses machine learning technology to analyze and assess loan applicants.

Launched in Ukraine by Elena Ionenko and co-founder Dmitry Voronenko back in September 2013, the startup later moved its headquarters to Brussels and secured a client base from across Europe.

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Ukraine’s first bitcoin ATM appears in Odessa

In late April, a two-way bitcoin ATM was installed in Odessa, Southern Ukraine. It is the first ATM of its kind in the country, reports local online publication Cryptocurrency.tech.

The device allows both selling and buying hryvnias and bitcoins. Users may withdraw amounts of at least 500 hryvnias or 0.1 bitcoin (around $20 at the current exchange rates).

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Contactless payments gain momentum in Ukraine’s public transport

As part of its global strategy to extend its reach and develop mobile ticketing services, Mastercard has just made available a new contactless payment service in the subway of Kyiv, the Ukrainian capital.

The new technology, dubbed “MetroPass,” transforms bank cards into subway travel cards with pre-paid billing plans for a limited or unlimited number of rides and even discounts.

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Ukraine to launch big blockhain deal with tech firm Bitfury

Ukraine has partnered with global technology company the Bitfury Group to put a sweeping range of government data on a blockchain platform, the firm’s chief executive officer told Reuters, in a project he described as probably the largest of its kind anywhere.

Ukraine’s deal with Bitfury will begin with a pilot project to introduce blockchain into the country’s digital platform. The areas being explored for the pilot project are state registers, public services, social security, public health, and energy, Valery Vavilov said.

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Ukrainian e-commerce and e-payments professional invited to leading international event (Berlin, Feb. 14-16)

Payment and e-commerce professionals from all across Europe, including Ukraine, are cordially invited to the international Merchant Payments Ecosystem (MPE2017) conference and expo, which will take place in Berlin, February 14-16, 2017.

MPE 2017, is Europe’s top event about merchant payments, CX, POS and card acquiring, featuring 300+ CXOs and MDs, 150+ speakers, 1000+ of participants from 40+countries, 70+ sponsors & exhibitors.

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PrivatBank launches e-payments via iMessage and Telegram

The clients of PrivatBank, an innovation-friendly Ukrainian bank, can now transfer money and pay their mobile phone bills directly via iMessage, if they have an iOS 10-supported iPhone.

To perform a transaction, users just need to press the Privat24’s icon shown in iMessage’s menu, indicate the amount of money to be transferred, and choose the necessary operation.

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