Yandex Money launches new service for creating online stores
Yandex Money and Simtech have launched Merchium, a cloud service which will enable anyone to create their own online store. The service, which uses the e-commerce software CS-Cart, will provide users...
View ArticleVkontakte co-founder Lev Leviev invests in Bitcoin analytics platform Blocktrain
BlockTrail is a new platform for bitcoin analytics launched today by Amsterdam-based researchers BlockCorp. It has secured €500,000 ($669,310) in funding from BlockCorp, which was set up by...
View ArticleUnionPay and JCB to spearhead Asian payment push in Russia
While Russia is shifting a part of its business focus from Western countries to alternative partners, Asian bank card giants UnionPay and JCB have expanded initiatives to conquer the Russian market....
View ArticleRussian subsidiary of Poland’s Asseco launches division in Crimea to serve...
Banking and finance software developer R-Style Softlab, based in Russia and owned by Polish company Asseco, is opening a new division in Crimea. Its office will be in Sevastopol. The department will...
View ArticleRussian payment operator Cyberplat offers alternative to SWIFT for domestic...
Cyberplat, a major operator of cash and electronic payment services, has a product ready that can serve as a functional analog of the global interbank financial notification exchange system SWIFT for...
View ArticleMobile banking botnet creator arrested for the first time in Russia
Global Internet security company Group-IB has assisted the Directorate K of the Russian Ministry of Internal Affairs to investigate and suppress the activities of a criminal group that specialized in...
View ArticleNintendo starts selling games as digital download codes through Yandex.Money
Moscow – Two years after Nintendo eShop opened for Russian users, Nintendo made an additional step today by launching the digital distribution of its games through Yandex.Money. Starting today users...
View ArticleOnline Payments Market Guide 2014: A complete overview of the global payment...
ThePaypers, an international online publication on the payment industry, has just released its ”Online Payments Market Guide 2014,” the fifth edition of the yearly guide that provides fascinating...
View ArticleVisa to lose up to $70 million to relocate transaction processing to Russia;...
Visa could lose up to $70 million in 2015 while relocating its transaction processing to Russia, news agency Interfax reported last week. “We expect to lose a part of revenues of approximately $50...
View ArticlePayPal to experiment with cash account replenishment in Russia
PayPal is preparing an important step to adapt to Russia’s local conditions by accepting account replenishment by cash. The news was reported last week by Russian business daily Vedomosti, which...
View ArticleNational tax service and Sberbank team up with 2can to develop innovative...
Mobile acquiring solution developer Smartfin, which operates under the 2can brand, has been selected as the first technological partner of national savings bank Sberbank for a pilot project of...
View ArticleMail.ru Group hands over its e-currency to QIWI
NASDAQ-listed Russian payment operator QIWI announced today the acquisition of the e-currency business of Mail.ru Group, a major Russian Internet group. After the completion of transition period all...
View ArticleRussia’s Flint Capital invests $6.2 million in European data-driven consumer...
Cream Finance, a European company that provides short-term consumer loans, has raised $6.2 million (€5 million, both debt and equity) from Flint Capital, a globalized Russian venture fund launched last...
View ArticleRussia’s SBT Venture Capital invests $5 million in Southeast Asian credit...
SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank, has invested $5 million in fintech service Advanced Merchant Payments (AMP). AMP’s platform allows banks to offer...
View ArticleLife.SREDA invests in mobile bank Rocketbank
Last week Life.SREDA, the venture arm of Russian finance group Life, announced its investment in mobile bank Rocketbank. The amount of the transaction has not been disclosed, but an unnamed source...
View ArticleWhy Russia plays a key role in bitcoin development, What to expect next
Between 20% and 30% of those who own a cryptocurrency, Bitcoin or others, are located in Russia or are Russian speakers. According to the RowIT statistics service, Russia holds a firm second place,...
View ArticleYes to bitcoin! Russian ministry says quasi-money ban may endanger banks,...
Russia’s Ministry of Economic Development has reacted negatively to the bill to ban cash equivalents, including electronic money, such as bitcoins. It said the proposed ban could hit major telecom...
View ArticleRussia blocks bitcoin websites over “shadow economy” fears
The Russian telecommunications regulator Roskomnadzor has blocked access to five bitcoin-related websites because the cryptocurrency “contributes to the growth of the shadow economy.” The sites include...
View ArticleMasterCard reaches agreement with national payment system; Visa may follow
MasterCard has agreed to transfer card processing inside Russia to the National System of Payment Cards (NSPC) while Visa is still discussing the matter with the authorities, Interfax.ru reported,...
View ArticleRuna Capital leads $3 million round in US startup LendingRobot
Earlier this week Seattle-based startup LendingRobot completed a $3 million funding round led by Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco. Club...
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