Fintech

Russian e-commerce and e-payments professionals invited to leading international event (Berlin, Feb. 14-16)

December 5, 2016

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 …

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Bear in Blockchain: Russia’s frosty attitudes to cryptocurrency thawing

December 23, 2018

The Blockchain technology is attracting an increased interest from the Russian financial institutions and IT companies and may be poised to overcome skepticism from Russian regulators. This is perhaps not surprising, given Russia’s prominence in the technology sector with over 120,000 local programmers and continuing growth in e-commerce and online activities. However, certain legal obstacles may still pose challenges for …

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Blackmoon raises $2.5 million to expand its “marketplace lending as a service” platform

November 15, 2016

Last week Blackmoon, an international online lending platform with Russian roots, secured $2.5 million in an equity funding round which involved A&NN Group, Flint Capital, Target Global, and unnamed individual investors. Neither the valuation of the company nor the structure of the investment have been disclosed. Presenting its service as “marketplace lending as a service” (PLaaS), Blackmoon allows institutional investors …

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Alisher Usmanov invests $8 million in tax data operator OFD.RU

October 28, 2016

USM Holdings, a company controlled by Russian billionaire Alisher Usmanov, is about to invest 500 million rubles (approximately $8 million at the current exchange rate) in tax data operator OFD.RU. The news was reported earlier this month by business daily Kommersant, based on exchanges with representatives of both companies. The funding will be spent on …

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Leading international conference invites e-payments and e-commerce professionals (Berlin, Feb. 2017)

October 26, 2016

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 …

Leading international conference invites e-payments and e-commerce professionals (Berlin, Feb. 2017) Read More

New Blockchain social media platform speaks with a Russian ‘Voice’

December 23, 2018

With cyber.Fund using Steemit as a template, Voice is intended to cater to the uniqueness of the Russian people, as contributions to the Steemit website are primarily in English, although there are posts in a few other languages. In an official release by Bitcoin Conference Russia, cyber.Fund stated that they looked to create a decentralized social network for authors, bloggers and …

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Central bank contest highlights Russia’s best fintech startups

December 2, 2016

Earlier this month, illustrating the emergence of a whole new tech industry in the country, the Russian central bank rewarded some of the most remarkable fintech startups. The contest took place in the framework of Finopolis 2016, a forum on innovative financial technologies. Held on October 13-14 in Kazan, the capital of the innovation-friendly republic of Tatarstan, …

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After South Africa, Russia’s Central Depository partners with China over blockchain

August 31, 2017

A memorandum of understanding signed yesterday sees Russia’s National Settlement Depository (NSD) and the China Securities Depository and Clearing Corporation Limited (CDSC) – both their respective countries’ central securities depositories – partner to develop blockchain applications in the post-trade space. The partnership was announced yesterday by the NSD, which has also engaged in a similar endeavor to develop blockchain solutions …

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The Russian bitcoin ban plan is on indefinite hold

October 26, 2016

Earlier this month Alexei Moiseev, the Deputy Finance Minister of the Russian Federation, stated that the spread of bitcoin in Russia does not represent a threat the country’s financial ecosystem, at its current rate of adoption. As such, the plan to ban the cryptocurrency is now paused. Moiseev had primarily spearheaded the Russian Finance Ministry’s …

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Chronopay General Director Jeroen Smit: “The move ‘from brick to click’ has started to pick up pace in Russia and is developing fast”

October 16, 2016

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 …

Chronopay General Director Jeroen Smit: “The move ‘from brick to click’ has started to pick up pace in Russia and is developing fast” Read More

Yandex.Money introduces money transfers via iMessage

October 12, 2016

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 …

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Samsung Pay and Apple Pay launch in Russia

February 5, 2017

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 …

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