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E-payment operator Qiwi raises $212 million in NASDAQ IPO
Completing its initial public offering on the NASDAQ last Friday, Russian payment operator Qiwi raised $212 million by selling 12.5 million class B shares at $17 each. Initially, Qiwi had expected to...
View ArticleYandex.Money integrates with Skrill
Yandex.Money announces partnership with Skrill, a leading European online payment provider. This new collaboration will allow internet stores around the world to quickly and easily tap into...
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Western mobile payment startup SumUp teams up with Svyaznoy to compete in...
Landing in a very young, yet already competitive market, the Berlin-headquartered startup SumUp has just announced its launch in Russia. Like its US model, Square, and its Russian competitors, 2can,...
View ArticlePayPal receives license from Russian central bank; plans official launch...
Last week, PayPal received its license as a “Non-Credit Banking Institution” (NCBI) from the Central Bank of Russia. The international online payment giant is now allowed to work in accordance with the...
View ArticleGemalto supplies MTS Russia with UpTeq NFC SIM for mobile transport services
Amsterdam – Gemalto (Euronext NL 0000400653 GTO), the world leader in digital security, is supplying Mobile TeleSystems (MTS), Russia’s largest network operator with over 70 million subscribers, with...
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i-Free, Tinkoff Credit Systems Bank and MasterCard launch NFC wallet in...
Moscow, Russia – i-Free is introducing the first full-featured NFC wallet in Russia and CIS. Embedded in smartphones and the TSM (Trusted Service Manager) platform, the wallet brings all the advantages...
View ArticleQiwi makes inroads into Indian market
It’s easy to make a variety of instant payments for a variety of services ranging from a post-paid mobile bill to cable television subscription fees, thanks to a successful Russian company that set up...
View ArticleSt. Petersburg startups pitch customer-oriented solutions for bankers
As Russia’s banking sector seeks new, customer-focused strategies to win over clients in an increasingly competitive market, Russian startups are close at hand and ready to support such strategies with...
View ArticleOnline dating service Mamba introduces one-click payments
In what may seem like a commonplace feature in many countries but represents a pioneering move in Russia, leading dating service Mamba has introduced an Amazon-like one-click payment method, making the...
View ArticleVimpelCom makes new move on Russia’s NFC ‘chessboard’
VimpelCom, a leading Russian mobile operator, has announced the next step in its endeavor to combine the mobile phone and the e-wallet. In an attempt to catch up with MTS and MegaFon, the other mobile...
View ArticleQiwi’s high net profit triggers sharp increase in stock price
Shares in Russian payment service provider QIWI have reached $23.50, their highest price since they were launched in a Nasdaq IPO at the start of May.The company’s shares did not immediately fare so...
View ArticleCalifornia’s Sequent raises $12 million from Russian and US funds for mobile...
In a new illustration of the internationalization of Russia’s venture capital, SBT Venture Capital, the venture arm of the national savings bank Sberbank, has led a $12 million round to fund Sequent...
View ArticleCandy magnate Korkunov invests in mobile app community expecting mobile...
Andrey Korkunov, the founder of a leading candy company, has invested $1 million in Apps4all in exchange for a 15% stake, the Russian business daily Vedmosti reported yesterday.Launched in 2011,...
View ArticleRussian software developer ready to introduce Palestine to electronic money
BPC Banking Technologies, a software-developing multinational headquartered in Russia, has been contracted to help the Palestinian administration deliver on its ambitious plan for the creation of a...
View ArticlePayPal to integrate rubles as its 26th currency
Earlier this month Vladimir Malugin, PayPal’s regional director for Russia, announced the addition of the ruble as an official PayPal currency. Starting from mid-September Russian users of PayPal will...
View ArticleRussia’s Life.SREDA injects $2 million in US startup to build “world’s first...
The Russian venture fund Life.SREDA revealed last week a $2 million investment in Moven, a three-year-old New York-based banking startup. Moven’s CEO and founder Brett King hopes that the deal, which...
View ArticleLeading international conference to highlight thriving bank card and payment...
On September 26-27 in Moscow, the Association of Regional Banks of Russia (ASROS) and Finance Media will organize the 8th annual “Bank Cards and Payment Technologies 2013” conference in partnership...
View ArticleMoscow startup Goodwin turns magazines, TV screens, and subway advertisements...
While Russian retailers are experimenting increasingly with multichannel approaches, Goodwin, a Moscow-based startup that has just secured seed investment, is introducing a pioneering mobile commerce...
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PayPal launches in Russia while Russian e-currencies go global
Yesterday PayPal became available to Russian users for domestic operations with the ruble as its 26th currency.The international payment company started serving Russian users in 2006. So far, however,...
View ArticleUS game publisher Valve expands cash payment network throughout Russia and...
Valve, the creators of a number of best-selling games, has selected Payelp Global, a subsidiary of St. Petersburg-based payment aggregator and solution provider Dengi Online, to help gamers from Russia...
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