E-Commerce

Russian children attracted by social networking, online shopping and pornography

June 6, 2013

Kaspersky Lab, a Russian IT security solution developer operating internationally, has released a report showing that 59.6% of the websites visited by Russian children are social networking sites, which is the highest percentage in the world. According to the data obtained from Kaspersky Lab’s “Parental Control” module, the second place in this rating goes to e-commerce websites, …

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Hundreds of e-commerce players appear and disappear every month

June 5, 2013

Sergey Rumyantsev, CEO of Enter.ru, told the audience at the Global E-Commerce Summit in Barcelona yesterday, that while the Top 30 of Russian e-commerce operators generate 50% of the total online turnover, the rest is generated by over 30,000 e-commerce players. Those smaller companies, which are often not reliable nor complying with the law, appear and disappear …

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i-Free, Tinkoff Credit Systems Bank and MasterCard launch NFC wallet in Russia and CIS

June 3, 2013

Moscow, Russia – i-Free is introducing the first full-featured NFC wallet in Russia and CIS. Embedded in smartphones and the TSM (Trusted Service Manager) platform, the wallet brings all the advantages of NFC technology to Russian and CIS consumers, including the remote issue and secure download of Mobile MasterCard PayPass® cards. Both the NFC wallet and the …

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China’s DinoDirect launches huge sourcing platform for Russian e-merchants

May 28, 2013

With online cross-border sales from China to Russia growing dramatically over the past two years, DinoDirect, a major Chinese online retailer, has now announced the launch of “Osell,” a B2B offer targeting Russian e-merchants of all sizes – including thousands of individual entrepreneurs operating through small sites and social networks – as a first step toward …

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PayPal receives license from Russian central bank; plans official launch “later in 2013”

May 23, 2013

Last week, PayPal received its license as a “Non-Credit Banking Institution” (NCBI) from the Central Bank of Russia. The international online payment giant is now allowed to work in accordance with the country’s law on payments, which was enacted in 2011. The first step of the approval procedure was completed in March. “PayPal Russia is now preparing its …

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Western mobile payment startup SumUp teams up with Svyaznoy to compete in Russian market

May 23, 2013

Landing in a very young, yet already competitive market, the Berlin-headquartered startup SumUp has just announced its launch in Russia. Like its US model, Square, and its Russian competitors, 2can, iPay, Pay-me and SellbyCell, SumUp empowers merchants to accept debit and credit card payments with their mobile devices. Its portable card reader comes with an …

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Music analysis startup FindStream monitors 27,000 Internet radio stations

May 21, 2013

Balakam, a Russian company which launched a search engine for media content two years ago, has just released the beta version of its new project, christened FindStream. The service monitors more than 27,000 Internet radio stations every two minutes, providing users with data on track popularity and emerging trends in the music industry. The service …

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Mobile social banking arrives in Russia

May 17, 2013

Russian iPhone users can now experiment with social banking – an entirely new concept in the country – with an app launched last month by Instabank, a Moscow-based startup. The iPhone app allows clients to transfer money to Facebook friends who also use Instabank, get notifications of new account activity, and add geotags and photos …

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ASOS opens in Russia

May 14, 2013

Joining the ranks of leading international e-commerce companies like Amazon, Kayak, Airbnb and eBay either announcing plans or opening a localized Russian offering, UK-based ASOS has officially launched the Russian version of its site. The ASOS Russia country site is the latest edition to the company’s country-specific sites, joining the United States, France, Germany, Italy, Spain and Australia. Importantly, …

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Online plane ticket sales in Russia have reached $3 billion per year

March 2, 2017

The Russian market for online airline ticket sales has grown to a whopping $3 billion, according to the general manager of online travel agency Biletix.ru, Alexander Sizintsev. This distribution channel currently accounts for 15 to 20% of all the plane tickets sold in the country, RIA Novosti reported last week. About 40% of the plane …

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Moscow Seed Fund and Igor Ryabenkiy invest in social shopping advisor

November 19, 2014

SocialMart, a two-year-old Russian product recommendation service for social networks, raised an as yet unspecified amount of investment in late April from Moscow Seed Fund, Moscow City’s venture arm, and Igor Ryabenkiy, a serial Russian angel investor. Ryabenkiy already backed the Moscow-based startup last fall in SocialMart’s seed round. That investment helped the company further …

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