New online bank to serve cross-border transactions from and to Russia

Bank 131, a new digital bank focused on Russian companies and entrepreneurs that work for global Internet companies and/or buy from global e-commerce companies with a Russia presence, announced today they have received their banking license from authorities – the first and only new bank to do so in four years. 

Bank 131’s mission is to give Russian workers and global internet and ecommerce companies doing business in Russia, a transparent and compliant way of conducting business online, helping build trust and confidence within the traditional Russian banking industry and among Russian regulators.