By voting amendments to the legislation on the provision of services earlier this month, the Russian parliament sounded the death knell for the Universal Electronic Card (UEC) project. A tangible manifestation of Russia’s all-embracing e-government ideas, the UEC was originally intended to incorporate or replace virtually all existing identifying information, from ID cards to student IDs and …
Payment and e-commerce professionals from all across Europe, including Russia, are cordially invited to the international Merchant Payments Ecosystem (MPE2017) conference and expo, which will take place in Berlin, February 14-16, 2017. Europe’s top event about merchant payments, MPE 2017 is about CX, POS and card acquiring. It will feature 300+ CXOs and MDs, 150+ speakers, 1000+ of participants …
Payment and e-commerce professionals from Eastern Europe are cordially invited to the international Merchant Payments Ecosystem (MPE 2017) conference and expo, which will take place in Berlin, February 14-16, 2017. MPE 2017, is the Top European merchant payments, CX, POS and card acquiring event featuring 300+ CXOs and MDs, 150+ speakers, 1000+ of participants from …
Founded in 2003, ChronoPay was one of the first to enter the online payment market in Russia. In this exclusive interview, the company’s general director Jeroen Smit shared his view on the Russian e-commerce market and its appeal to international e-commerce companies. He also commented on the consequences of the legal matters which involved Chronopay’s founder Pavel …
Russian Apple aficionados using the Yandex.Money app can now send money to each other easily and directly through iMessage. This functionality was introduced last week for the first time in Russia. Yandex.Money got some inspiration from such pioneering western operators as N26 and Circle, the company’s press service told East-West Digital News. To send money …
Yandex.Money introduces money transfers via iMessage Read More
Yesterday Sberbank, Russia’s national savings bank, and MasterCard announced that they have made available Apple Pay to their clients in Russia. A number of other Russian players are expected to follow. With this expansion, Apple Pay is now available in 10 countries since launching in 2014, including the US, UK, China, Australia, and Canada, notes The Verge. “Many of Sberbank clients actively use …
The Paypers, a major news and research agency covering the international payments industry, has just released the 2016 edition of its Ecommerce Payment Methods Report. An educational overview of the global payments industry, this report’s focuses on providing a framework for an easy understanding of the mechanism behind card-based and alternative payments within the wider standpoint of …
New report highlights latest trends in global payment and e-commerce industries Read More
Today at the UnBound conference in London Tedipay announced a partnership with Russian contactless payment solution provider CardsMobile to create “a ground-breaking secure platform for mobile payments and smart transit ticketing.” The partners intend to invest no less than $9 million in the project, which will be deployed in the UK. The UK startup has developed an innovative wearables solution …
UK’s Tedipay and Russia’s CardsMobile to invest $9 million in contactless payment project Read More
Since 2013, the Russian legislation on electronic payments has undergone several changes, in parallel with the development of a national payment platform. This article reviews the most significant developments as far as international players are concerned. E-wallets and prepaid cards In 2011, the law on payment systems changed Russia’s e-payments scene dramatically, with all e-wallet issuers and …
From bank cards to e-wallets: How new legislation is changing the Russian e-payment scene Read More
With e-commerce flowing from China to Russia continuing to grow quickly, market players, service providers, government officials and top experts from both countries will be gathering on October 5-6 at the China-Russia E-Commerce Summit. Not only will the current market trends be analyzed thoroughly and the most recent figures revealed, but the speakers will also …
China meets Russia in major Moscow e-commerce event Read More
Over the past few weeks Russian National Payment Card System (NPCS) reached agreements with American Express, Mastercard and Japan’s JCB about the issuance of co-badged cards. Announced in June at the St. Petersburg Economic Forum, the agreement with Mastercard came as the first international co-badged card project for Russia’s young national payment system. Similar agreements were announced in early July with …
Qiwi Venture, the investment arm of Russian electronic payment giant QIWI Group, has committed itself to invest an estimated $150,000 in Krawlly, as reported by Russian tech blog Firrma. This Russian startup is developing an Android mobile app, christened “AnyBalance,” that displays in one interface the balances of a user’s bank, mobile or ISP accounts. The startups claims …
Qiwi Venture invests $150,000 in mobile payment app AnyBalance Read More
