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Russian banks to release stickers to replace Apple Pay

Source: RBC

Russian banks plan to start issuing stickers containing NFC (Near-Field Communication) chips to replace foreign contactless payment services such as Apple Pay and Google Pay, which were suspended in Russia soon after Moscow launched its full-scale invasion of Ukraine, RBC reported on Monday.

According to reports from multiple Russian banks, the payment stickers will resemble miniature debit cards that can be applied directly to phones. At least one bank, Alfa Bank, has reportedly already begun issuing the stickers to its clients.

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