Fintech company A7 announced plans to enter the markets of three countries

The fintech company A7, created by PSB, plans to enter the markets of three countries in the coming months. This was announced by Ilan Shor, CEO of A7, at the St. Petersburg International Economic Forum (SPIEF-2025).

He noted that the company offered its partners a new tool — settlements using securities. According to Shor, such a mechanism has become a sought-after alternative to cross-border transfers and remains relevant even with the lifting of restrictions, since traditional systems are still pegged to the dollar.

"We are approached by countries that are interested in spreading our mechanism at home, because they have problems with cross-border transfers. In the next few months, we will enter three countries directly with our product," said Shor, speaking at the session "The Future of the International Financial System."

He added that the growing interest in alternative settlements between counterparties is explained by the instability of the traditional banking system against the background of geopolitical turbulence. "We saw that this system simply collapsed, crumbled and left the business unable to continue working. This has shown that one cannot rely on a single model, differentiated approaches are needed," said the head of the company.

Shor believes that it is necessary to switch to settlements in national currencies. "It's not easy because there is no foreign exchange balance, but in this case you can use securities," he concluded.