Financial Services (105)
The Russian post office has launched a new financial product for consumers. They can get a microcredit loan (between $100-200 USD) in any post office branch simply by presenting a piece of identification.
Why it matters
Microcredit is something that has really taken off in underdeveloped countries and is usually associated with business development. Will this niche offering attract local customers considering the small amounts loaned?
MB NET is a company that provides temporary credit cards for people to shop online safely. It recently launched a roadshow in a number of Portugal universities to raise awareness about the dangers of disclosing personal information online, such as credit card details.
An internet bank client can create a virtual payment card by himself and use it immediately. As it has no tangible medium it can be used to pay on the internet. It has different requisites from the main card so it is safe to use. The client can set the limits for this card or block it at any moment.