The Russian Federation doesn’t exactly shout friendliness when it comes to financial innovation, but seems to be making an exception to some company named Bank 131. At a time when Russia is currently taking banking licenses away, this fintech company will be the first to be given a permit in four years. One of the thrusts of all Bank 131 is it will readily handle payments to its users. It’s historically a bureaucratic and complicated process to receive income in Russia. The Nation is very modern in its installation of national payment technologies, but this advantage doesn’t carry over to…

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