In what may seem like a commonplace feature in many countries but represents a pioneering move in Russia, leading dating service Mamba has introduced an Amazon-like one-click payment method, making the recurring use of its service easier. Once a user’s bank card is registered for a first-time payment, subsequent payments are pre-authorized based on information …
Online dating service Mamba introduces one-click payments Read More
As Russia’s banking sector seeks new, customer-focused strategies to win over clients in an increasingly competitive market, Russian startups are close at hand and ready to support such strategies with an array of advanced IT solutions. In St. Petersburg on May 31st, eighteen startups, all residents of the Ingria business incubator, made a series of …
St. Petersburg startups pitch customer-oriented solutions for bankers Read More
It’s easy to make a variety of instant payments for a variety of services ranging from a post-paid mobile bill to cable television subscription fees, thanks to a successful Russian company that set up base in India’s national capital region in the beginning of 2011. The Indian franchising partner of Qiwi, Russia’s biggest instant payment …
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 …
i-Free, Tinkoff Credit Systems Bank and MasterCard launch NFC wallet in Russia and CIS Read More
Amsterdam – Gemalto (Euronext NL 0000400653 GTO), the world leader in digital security, is supplying Mobile TeleSystems (MTS), Russia’s largest network operator with over 70 million subscribers, with its UpTeq NFC high-end SIM cards for a mobile phone-based public transport ticketing solution in the city of Novosibirsk. Produced and personalized at Gemalto’s Moscow service center, the …
Gemalto supplies MTS Russia with UpTeq NFC SIM for mobile transport services Read More
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 …
PayPal receives license from Russian central bank; plans official launch “later in 2013” Read More
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 …
Western mobile payment startup SumUp teams up with Svyaznoy to compete in Russian market Read More
Yandex.Money announces partnership with Skrill, a leading European online payment provider. This new collaboration will allow internet stores around the world to quickly and easily tap into Yandex.Money services. Skrill is one of Europe’s largest online payment providers, offering its clients more than 100 payment options in 200 countries and territories. It allows online businesses to …
Completing its initial public offering on the NASDAQ last Friday, Russian payment operator Qiwi raised $212 million by selling 12.5 million class B shares at $17 each. Initially, Qiwi had expected to sell 12 million shares at a price between $16 and $18 apiece. All the shares were offered by selling stockholders. Qiwi is valued …
E-payment operator Qiwi raises $212 million in NASDAQ IPO Read More
Qiwi PLC, owner of Russia’s biggest instant-payment operator, announced that its shareholders were seeking to list 12 million Class B shares (U.S. $16–18 each) in the form of American depositary shares (ADS) on the NASDAQ in May. Overall, the company owns 52 million shares, so the placement of 12 million Class B shares accounts for the …
Russian payment operator Qiwi filed a registration statement with the U.S. regulator, the SEC (Securities & Exchange Commission) on Wednesday, to raise up to $100 million from an initial public offering. J.P. Morgan and Credit Suisse will act as joint book-running managers in the operation, which could take place before next summer. The number of American …
From Cyprus to New York: Qiwi starts its journey to IPO Read More
After a week of rumors, PayPal confirmed last Friday that the Central Bank of Russia has approved its application to register as a full-fledged payment operator in Russia. Although PayPal considers Russia to offer “one of the biggest growth opportunities” for its development, it has taken no less than three years for the international payment …
After central bank approval, PayPal continues its “journey” to Russia Read More
