E-Payment

Yandex.Money and Lukoil launch new app to make payments at gas stations easier

November 13, 2017

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 cash register. Payment can be made with the Yandex.Money e-wallet or using a Mastercard bank card. Yandex.Money plans to expand the range of available payment …

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New report highlights latest global e-commerce and e-payment trends

November 2, 2017

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 today’s e-commerce and payment market, both merchants and PSPs need more balance between security and convenience for consumers, as well as implementation of omnichannel payments and …

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Apple Pay to add more banks across the US, Russia, and China

August 16, 2017

New banks and credit unions across the US, the UK, Australia, Russia, and China have joined Apple’s list of participating partners as part of the second expansion of Apple Pay this month. In the UK, Cumberland Building Society is now supported, and Latitude Financial Services in Australia also joins the list. In addition to the …

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Russian mobile acquiring leader Smartfin secures $3 million for further R&D and potential M&A

July 28, 2017

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. Inventure Partners, one of the early investors in the company, also took part in the round, which was announced earlier this week. “Since our first investment in 2can and ibox, the …

Russian mobile acquiring leader Smartfin secures $3 million for further R&D and potential M&A Read More

Aeroflot considers using cryptocurrencies and Blockchain in its payment operations

December 23, 2018

Cryptocurrency-based projects are springing up in Russia, as President Putin sees in these technologies a potential instrument for the country’s modernization and the central bank has officially recognized bitcoin a “digital currency.” One of the latest initiatives from the private sector came earlier this month from Aeroflot. The giant Russian airline company is investing 24.6 million …

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Telegram introduces payment via chatbots

June 5, 2017

Telegram, the international messenger launched by Pavel Durov in 2013, is now bringing support for payments via chatbots,  nearly two years after introducing them. “Imagine a world where you can order pizza, pay for a pair of shoes, hire a cab, or refill your subway pass — all in a few button taps on Telegram,” suggests Telegram …

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Chronopay to support Bitcoin and Blockchain “revolution”

December 23, 2018

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 cryptocurrency. Chronopay founder Pavel Vrublevsky, a controversial figure, had sharply criticized Bitcoin in the past. He has changed his point of view radically: “Having thoroughly studied the …

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Android Pay launches in Russia

May 24, 2017

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 organizations across the country already accept Android Pay, including Magnit, Perekrestok, Starbucks, KFC and Rosneft. Thus Russians may now fuel their car, buy groceries, …

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Yandex.Money distributes Nintendo Switch games in Russia and Turkey

April 25, 2017

Today Yandex.Money, a leading Russian e-payment system with some 30 million user accounts, announced a digital distribution agreement for Nintendo Switch in Russia. The e-payment service has made available on its website such games as The Legend of Zelda: Breath of the Wild, Mario Kart 8 Deluxe*, 1-2-Switch, Snipperclips: Cut it out – together. Before this distribution agreement …

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VK now supports payments to e-merchants and online communities

April 11, 2017

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 editors of events, public pages and communities in messages. In addition to stimulating social commerce, these features are presented a first step towards transforming public …

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Apple Pay made available to Russian e-merchants and app developers

February 6, 2017

Yandex.Checkout, the online payment solution offered by Yandex.Money, can now be used by app developers and e-merchants to accept contactless payment via Apple Pay. “This payment method may stimulate impulse purchases. Everything is so simple: one touch of a finger on your smartphone — and you are all set,” said Alexander Magomedov, Chief Commercial Officer …

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Political crowdfunding by individuals no longer allowed in Russia

January 27, 2017

On Monday, the online wallet service Yandex.Money announced that it would stop allowing online transfers of money to individuals for political purposes in order to comply with Russian election laws—a decision many see as aimed at undermining opposition leader Alexei Navalny, who is using the service to crowdfund his 2018 presidential campaign. In a blog post published on Monday afternoon, …

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