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BitRuble might appear in Russia in 2016
Sergei Solonin, general director and co-owner of Qiwi, a leading, NASDAQ-listed Russian payment operator, announced that his company plans to issue a Russian crypto-currency, called the BitRuble, in...
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Russian National Payment System agrees co-badged card issuance with American...
Over the past few weeks Russian National Payment Card System (NPCS) reached agreements with American Express, Mastercard and Japan’s JCB about the issuance of co-badged cards. Announced in June at the...
View ArticleFrom bank cards to e-wallets: How new legislation is changing the Russian...
Since 2013, the Russian legislation on electronic payments has undergone several changes, in parallel with the development of a national payment platform. This article reviews the most significant...
View ArticleWill Fintech become a buzzword du jour in Russia?
Global investment in fintech ventures tripled to $12,21 billion in 2014, confirming the sector to be a hot ticket for everyone thinking about becoming a “unicorn” enterprise, making a breakthrough in...
View ArticleRussians can settle Internet and phone bills with bitcoin
Russian citizens can now pay their bills for internet and mobile phones with Bitcoin. Megafon, Beeline and other popular operators now accept Bitcoins through such services as Cryptonator and 7pay.in....
View ArticleReal estate tycoon invests $3.9 million in Russian contactless payment startup
Russian businessman Sergey Kozlovsky has invested 300 million rubles (approximately $3.9 million at the current exchange rate) in PayQR, a Russian startup developing contactless payment solutions. The...
View ArticleLeading international conference invites e-payments and e-commerce...
Payment and e-commerce professionals from Eastern Europe are cordially invited to the international Merchant Payments Ecosystem (MPE 2017) conference and expo, which will take place in Berlin, February...
View ArticleRussian e-commerce and e-payments professionals invited to leading...
Payment and e-commerce professionals from all across Europe, including Russia, are cordially invited to the international Merchant Payments Ecosystem (MPE2017) conference and expo, which will take...
View ArticleTech hires see Russia’s Sberbank catching up on Big Data
Russia’s biggest bank is paying up to keep the nation’s best tech talent from emigrating to Silicon Valley. To analyze 135 million customers, it needs the power of big data. Sberbank PJSC, which holds...
View ArticleSberbank mulls launch of national e-commerce system in Russia
Sberbank of Russia, the country’s largest banking institution, is planning to set up what it describes as a national e-commerce ecosystem with the use of its own resources and infrastructure. The...
View ArticleRussia’s Modulbank acquires three fintech startups
Modulbank, a Russian bank operating in 17 Russian cities, including Moscow, and providing online banking services to SMBs, has acquired three small fintech startups for an undisclosed amount. The news...
View ArticleQIWI launches blockchain spinoff
Qiwi, a NASDAQ-listed Russian payment company, has created a subsidiary to develop blockchain products, the Russian business daily Kommersant reported earlier this week. The new company, dubbed ‘Qiwi...
View ArticleVK now supports payments to e-merchants and online communities
E-merchants selling their services and goods via Vkontakte (VK), the number one social network in Russia, can receive payments from VK users more easily, with the money being sent to administrators and...
View ArticleRaiffeisenbank launches pilot projects with three Russian startups
In late April the finale of GenerationS, a major corporate-oriented accelerator program, took place at the Stadium Live concert hall in Moscow. Three winners shared 15 million rubles (some $263,000 at...
View ArticleAndroid Pay launches in Russia
Yesterday Google announced the launch of Android Pay in Russia, with the participation of 15 banks at start. This makes Russia the 11th country covered by Google’s tap-and-pay solution. Thousands of...
View ArticleChronopay to support Bitcoin and Blockchain “revolution”
Chronopay, a major online payment provider operating in Russia from its Amsterdam headquarters, is including bitcoin to its payment gateway. Its clients will thus be able to accept the popular...
View ArticleFintech: A Russian revolution is coming
Russia is the world’s third largest financial technology market and bankers at the annual sector conference in St Petersburg this year said they are continuing to roll out new cutting edge services as...
View ArticleRussian mobile acquiring leader Smartfin secures $3 million for further R&D...
Smartfin, a Moscow-based provider of mobile acquiring solutions for SMBs (operating under the brands 2can and ibox), has secured $3 million from several funds under the management of Da Vinci Capital....
View ArticleRussian banks look to a Blockchain future
Two months after President Vladimir Putin met the founder of ethereum — the world’s biggest cryptocurrency after bitcoin — a consortium of the country’s biggest banks has developed a distributed ledger...
View ArticleRussian authorities consider keeping Bitcoin away from the public
In a turn of events, Russia’s deputy minister of finance Alexey Moiseev has claimed bitcoin is akin to a high-risk “financial pyramid,” hence requiring tight regulation. The Ministry of Finance is in...
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