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should become a defender for every Internet user in Russia. We are building

Posted: Tue Jan 21, 2025 10:16 am
an effective dialogue between society,
the state and business. We believe that most network issues should
be resolved at the level of self-regulation, and the state should intervene only
where the industry and relations between citizens and business cannot resolve
the problems themselves. We hope that it is in this direction - taking into account the effective
protection of ordinary users - that the development of the Runet will continue.

Subscribe to our Telegram channel to stay up to date with all the news and events of the Runet.In Russia, fintech is considered to be remote payments, transfers and other banking products and services. Meanwhile, the concept of the fintech industry in the world is much broader. While Russians are getting used to electronic transactions list of qatar cell phone numbers that could previously only be carried out in branches of credit institutions, in developed countries, financial technologies have gone much further - with their help, you can fully manage your assets, capital, business, invest in various complex financial instruments, and much more.

Banks are not in trend
The trend of technology penetration into all spheres of people's lives is evident today. In some countries more, in some - less. But already everywhere people are transferring their everyday affairs, including financial ones, online, to mobile services and solutions. Some banks understand this, strive to follow the trends, though rather to keep up with them than to get ahead and offer something new to the market.

For example, global banking giants HSBC and Barclays are reducing their branch networks. By the way, our Sberbank, the leader in territorial coverage on the Russian market, recently made a similar statement. One of the reasons is that more and more clients are making transactions through mobile applications and online banking, so there is no point in credit institutions increasing their expenses on office rentals, hiring and training employees. And this is only the tip of the iceberg. The reduction of bank branch networks is happening in parallel with the emergence and development of companies from completely different, even non-financial industries, which are gradually taking the market away from classic financial institutions. Amazon, Apple, Google, Paypal, Yandex.Money, QIWI - at one time, banks simply did not pay attention to the emergence of these non-banking organizations, and they subsequently created an entire segment of mobile and online payments, already having a gigantic base of loyal customers at the entrance. Online stores (Alibaba, Ebay), retail chains (for example, the Starbucks coffee shop chain), and others have entered the game for retail consumers of financial services and products.