Russia plans to regulate cryptocurrencies like securities, says minister amid...
In contrast with China, which has just banned ICOs, the Russian government plans to regulate cryptocurrencies like securities, Finance Minister Anton Siluanov told reporters on Friday last week. These...
View ArticleCryptocurrency ATMs spring up in Siberia
BBFpro, a Novosibirsk, Russia-based bitcoin selling company, has installed ten cryptocurrency ATMs in the city, as reported earlier this month by the Russian media based on company statements. To...
View ArticleThis app lets you buy more than 200 cryptocurrencies with a bank card
Cryptocurrencies aficionados have a variety of options to buy, store and sell their digital assets – but such operations become complicated when dealing with several currencies. But there is now an app...
View ArticleRussia aims to launch cryptocurrency ersatz
Last week, following a period of mixed signals from the authorities about cryptocurrencies, the Russian communications minister Nikolay Nikiforov said that President Vladimir Putin has officially...
View ArticleSberbank joins Enterprise Ethereum Alliance
Earlier this week Sberbank, Russia’s national savings bank, announced its participation in the non-commercial alliance Enterprise Ethereum Alliance (EEA). The bank is the first Russian bank to become a...
View ArticleNew report highlights latest global e-commerce and e-payment trends
The Paypers, an international industry resource, has just released the 8th edition of its “Online Payments and Ecommerce Market Guide,” addressing the most important trends in the global market. In...
View ArticleYandex.Money and Lukoil launch new app to make payments at gas stations easier
Last week Yandex.Money, a leading online payment service in Russia, released Yandex.Gas, a new application intended for drivers to pay for fuel remotely — without leaving their car and queueing at the...
View ArticleSberbank carries out Russia’s first payment transaction using blockchain...
Yesterday Sberbank, the national savings banks, announced the completion of “the first-ever pilot blockchain payment transaction in the Russian banking industry.” The transaction used the IBM...
View ArticleCampbell Bethwaite of Redstone Capital: “Russian financial services, in terms...
Fintech is exploding in Russia, albeit from a very low base. bne IntelliNews editor-in-chief Ben Aris sat down with Campbell Bethwaite, the managing partner of Redstone Capital (recently renamed from...
View ArticleRussia suffers holiday retail nightmare as cash registers crash
Since this past July, Russian retailers have been required to use internet-connected registers which transmit sales data to the authorities to improve tax collection. But retailers were left counting...
View ArticleMastercard to support gambling market in Russia
Russian punters will soon be able to receive their betting wins online through the Mastercard payment network. The news was reported last week by Betting Business Russia, citing Mastercard. The...
View ArticleRussian fintech startup Tezis.io secures $1 million, prepares for...
Tezis.io, a Russian startup that helps its users invest in stocks from Russian and US companies, has just secured some $1 million from Target Global Fintech Opportunities Fund (TGFOF) with...
View ArticleSberbank customers can now transfer money using just a mobile number
Tinkoff Bank, a pioneer in P2P money transfers using a mobile number, has made available this service to Sberbank customers – expanding its potential audience to millions of customers of Russia’s...
View ArticleYandex.Money launches advanced mobile payment services for e-merchants
Earlier this month Yandex.Checkout, the B2B branch of Yandex.Money, announced an update of its mobile software development kit (SDK). This SDK – an open-source software licensed by Massachusetts...
View ArticleFrom startup emigration to local development: Fintech emerges in Kazakhstan
An oil-rich republic of the ex-Soviet Union, Kazakhstan now envisions its economic future as a gateway for foreign investment across Central Asia. Tech solutions and new apps are emerging there to...
View ArticleCredit Bank of Moscow, Visa release payment-enabled rings in Russia
Visa and Credit Bank of Moscow have partnered to introduce payment-enabled rings in Russia to allow consumers to make purchases across all contactless-enabled payment terminals. The Visa...
View ArticleRussian companies can now receive B2B payments online in minutes
In what is perhaps a world’s first, Yandex.Checkout, the B2B branch of Yandex.Money, and Sberbank, the number one banking institution in Russia, have launched “B2B Payments,” a service intended for...
View ArticleAbeBooks closes bookseller accounts in Russia and three other countries due...
Last month AbeBooks, an online book retailer founded in 1995 (acquired by Amazon in 2008), announced its intention to close bookseller accounts in Czechia, Hungary, South Korea and Russia, starting...
View ArticleChinese WeChat Pay comes to Russia, Russian Mir goes global
WeChat Pay, the payment system of the popular Chinese instant messenger, is making its debut in Russia. In late October Russian Standard announced to be the first Russian bank to support such payments,...
View ArticleSberbank, NSD and MTS complete full-cycle bond deal using blockchain
Earlier this month Sberbank, Russia’s leading banking institution, and MTS, a major mobile operator, completed successfully a full-cycle security deal using smart contracts – from bond issue to full...
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