Brad McEvoy of start-up Kademi said he was furious at OFX, formerly known as OzForex, for blocking payments to his Ukrainian workers

The two large US payments firms said they were suspending operations in Russia, joining the list of companies severing business links with the country

Both involved insulting conversations, allegations of a toxic work culture, a battle with the board, and the eventual resignation of the founder

Hundreds of companies have sought to open Chinese accounts in recent days in a bid to get around Western sanctions, a worker at a Chinese state bank in Moscow said

Analysts say there's no alternative global payment system to SWIFT that's strong enough to enable Russia to evade sanctions.

The transport and logistics company said it was offering customers "various alternative options of payment" for euro and US dollar transactions

The company said the funds will enable it to expand to companies in Singapore and Australia and launching into new markets including India

Over two thirds of institutional investors voted against three resolutions on employee stock option plans when they were put to a vote by the digital payments firm

SWIFT will lose its credibility and influence and gradually decline in importance if it’s used as a sanctions tool, Xinhua says, while the digital yuan has a big future, another outlet said

Oil giant BP says it will exit its Rosneft stake worth $25 billion. Meanwhile, leases on over half the 980 jets in Russia may be severed by foreign firms because of sanctions.

China's Foreign Ministry on Monday voiced opposition to use of sanctions, but Japan and Korea backed the move to block some Russian banks from the SWIFT international payments system

Chinese payment-related stocks jumped on Monday as investors wagered that kicking banks out of the SWIFT system would benefit China's own cross-border payment system, CIPS