Last week Lenta announced an agreement to acquire online-retailer Utkonos from Severgroup. The parties expect to complete the transaction in February 2022. A major Russian retail group listed in both Moscow and London, Lenta aims to “create a leading e-grocery platform covering all key shopping missions and market segments.” Lenta will also “significantly expand its online …
International brands and retailers selling to Russia, or considering doing so, are invited to participate in an online survey. They will receive the research report free of charge upon release. While Russian e-commerce is entering a promising development cycle, information about this market is hardly available to international audiences. Not only is the topic rarely …
Russian e-commerce research: Market analysis, operational challenges, players’ strategies Read More
Earlier this month Bring!, a popular grocery shopping list app in Europe and America, released a new version of its app in six new languages including Russian. “Russia is an enormous market and thus a big opportunity for us, especially when it comes to user growth”, said Marco Cerqui, CEO of Bring! Labs AG, in …
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 Institute of Technology (MIT) – already allowed e-merchants with a mobile app to accept payments with bank cards and e-wallets. It now includes mobile payments via Apple Pay, Google Pay, and Sberbank Online Mobile Bank. The …
Yandex.Money launches advanced mobile payment services for e-merchants Read More
Russia’s e-commerce market continued to grow at double-digit rates last year. As any global player will tell you, online retailers need to adjust for each individual market and Russia is no different. In order to successfully transition into a foreign market, it is important to take note of common retail habits and preferences and devices …
As instant messengers tend to integrate more e-commerce and payment functions, Viber is planning to launch in Russia in the course of this year the new commercial and payment functions which are currently being tested in the USA. The news was reported by Evgeniy Roshchupkin, Global Director of Marketing Activations at Viber, in an industry …
Viber’s e-commerce features to be launched in Russia in the course of this year Read More
Yandex.Market, a major Russian e-commerce marketplace, has teamed up with GfK Rus to study the latest trends in mobile commerce in Russia. The survey was conducted in the autumn of 2016 based on online interviews. It involved 2,022 online consumers of 16 to 55 years of age, living in Russian cities of more than 100,000 inhabitants. The survey targeted …
Report: One third of Russian online consumers make purchases via smartphones Read More
Russia’s Sistema Asia Fund has just led a $6 million round of financing for Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery app for women. The news was reported on Monday by Vedomosti, a leading Russian business daily, based on exchanges with a fund representative. An unnamed source close to the fund added that Sistema …
Russia’s Sistema Asia Fund leads $6 million round for Indian fashion discovery app Read More
Nearly half of Russian online shoppers make purchases via their smartphones, but an almost equal amount distrust online payment systems, according to new research by Nielsen. In the last six months, 44% of Russian online consumers used mobile devices to purchase goods or services at least once, according to the Nielsen survey. The global average was 38%. According …
Report: Almost half of Russian users shop on smartphones Read More
Uber has agreed to limit its service in Moscow to drivers with a transportation license, Bloomberg reported yesterday. The company said it will also share traffic data with city officials, as well as the number of drivers using the app each month. Moscow’s transportation department had previously planned to ask police and a judge to …
Uber to limit Moscow service to licensed cars and share data with city authorities Read More
Megafon, a leading Russian mobile operator, has shut down its mobile payment platform ‘Megafon Money.’ This service will be replaced by Visa Qiwi Wallet — the electronic wallet offered by payment operator Qiwi in partnership with Visa — “with additional specific Megaton features,” Russian business daily Vedomosti reported yesterday. The service has been judged redundant …
Russian taxi companies are seeking the imposition of restrictions on Internet-based taxi providers such as Uber, the Kommersant newspaper reported Monday. Established firms contend that Internet-based dispatchers are deliberately undercutting prices and operating illegally with impunity, according to Kommersant. “Aggregators do not have the same costs as we do: they don’t conduct medical examinations of …
Russian taxi firms lobby for restrictions on Internet services Read More
