![]() In June 2013, the Ukrainian government seized computer equipment from the Ukrainian guarantor and froze 60 million UAH (US$7.5 million) of funds residing on guarantor's accounts in Ukraine, causing Ukrainian WebMoney transactions to be blocked. On February 11, 2022, the Central Bank of Russian Federation revoked the license of KKB Bank JSC, the guarantor and the settlement bank for WebMoney's Russian ruble wallets, freezing WebMoney's funds on KKB's accounts. In 2019, Burger King Russia has partnered with WebMoney Transfer to integrate QR code payments for customers. ![]() Customers need to scan a QR code displayed on the cash till screen and confirm the payment. The WebMoney Transfer system offered the solution of accepting payments via QR code for restaurants and shops. In March 2019, the international settlement system WebMoney introduced a video identification system for customers, which allows you to verify your identity remotely. The recipient’s phone number (which the card or purse is tied to) is needed to transfer funds. In 2019, Sberbank said that WebMoney had joined its instant transfer ecosystem, allowing clients to make instant transfers from Sberbank cards to WebMoney purses and vice versa. On 01-01-2021, the company terminated its agreements with all WebMoney EUR wallet holders as a result of Brexit. In November 2015, WebMoney Europe Ltd, based in Cambridge, United Kingdom, was granted an FCA licence to issue e-money within the European Economic Area. The company was founded in November 1998 in Russia as a money transfer system for United States dollars, in the wake of the 1998 Russian financial crisis that had led to increased US dollar use in Russia. In 2006, security researcher Kris Kaspersky criticised WebMoney Keeper Classic for Windows, as it installed a low-level device driver that allowed direct access to the I/O ports and accessed the hard disk directly using ATA commands instead of via the operating system. WebMoney provides an application called WebMoney Keeper for using their payments services, for Microsoft Windows, Windows Phone, Android, iOS, and Blackberry. It charges 0.8% of the transacted amount in fees, up to a maximum fee of €50. WebMoney Transfer can be used for peer-to-peer payments, and includes an escrow system. Guarantors accept deposits in the underlying assets and issue the corresponding WebMoney units. The underlying assets for WebMoney units are held by a global network of companies that act as guarantors for the payment system. WebMoney users' funds are stored in a "purse", which holds electronic money corresponding to an underlying asset, such as a currency.
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