Fintech

MobiDengi and MasterCard make virtual payment card available to Russian mobile subscribers

November 21, 2012

MobiDengi, a major Russian electronic payment service provider, has teamed up with MasterCard to launch ‘MasterCard*Card2Day,’ a pre-paid virtual card that enables online purchases worldwide. The card is available to any subscriber of Russia’s three main mobile operators: Beeline (a brand of Vimpelcom), Megafon, and MTS. A convenient feature of the MasterCard*Card2Day card is that …

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Visa and QIWI form strategic alliance to develop electronic payments

November 19, 2012

Moscow – Visa Inc. (NYSE:V) and QIWI Limited, a leading provider of payment services in Russia, have formed a strategic alliance to introduce a digital wallet that will enable consumers to access a wide variety of electronic payment options. The wallet builds on the existing, successful relationship between Visa and QIWI, the leading provider of …

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Russian Internet, telecom and bank giants experiment with Square-like payment systems

November 13, 2012

Last month, Yandex.Dengi (Yandex.Money), the electronic currency division of the Russian search giant Yandex, started testing a smartphone-based bank card payment terminal in Moscow taxis, in partnership with SellbyCell, a specialized solution provider. This new payment method, named ‘Yandex Kassa,’ is available to any Visa or MasterCard card holders, and does not require users to …

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Qiwi aims to turn cash payment terminals into a ‘front office’ for online retailers

October 10, 2012

OSMP, Russia’s leading operator of cash payment terminals under the Qiwi brand, announced earlier this week a new offer for e-commerce sites. Not only can online retailers now benefit from a specially adapted interface, ads for e-commerce sites can be displayed while users complete common cash payment operations. Cash payment terminals have become popular in …

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NFC on the move in Russia; compatible phones and payment systems to fuel traction

September 27, 2012

NFC technology enabled 4.5 billion rubles, or about $138 million, worth of payments in Russia in the first six months of this year, reported i-Free, a developer and publisher of mobile applications and games, in an exchange with Russian news agency RIA Novosti. Svetlana Kostochka, the head of i-Free’s innovation marketing department, explained she expects …

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Russian hacker takes iOS in-app purchasing for a ride; Apple’s response middle-of-the-road

July 18, 2012

In a feint that has galvanized the Apple community and exposed an apparent flaw in the iOS, a Russian hacker has dodged official in-app purchase procedures and conned Apple’s App Store into letting him get paid content for free, Macworld magazine reports. Upon completing his hack last week, Alexey Borodin, the developer of the procedure, …

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Yandex e-currency teams up with MasterCard to issue new payment card

April 18, 2012

The Russian search giant Yandex yesterday announced a new step toward integrating its electronic currency, Yandex.Dengi – which translates as Yandex.Money – with bank systems. Users of this virtual currency can now obtain a MasterCard debit card tied to their Yandex.Dengi account and make payments using funds from Yandex.Dengi. The co-branded card can be used …

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PayPal in talks with Russian Post

March 30, 2012

PayPal has held discussions with the Russian Post to prepare its entry on the local market, Russian business daily Kommersant reported earlier this week. Beyond the launch of the international virtual currency on the Russian market, a co-branded payment card has been discussed, which could be replenished from PayPal accounts and used to settle purchases, to withdraw cash …

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Contactless payments take their first steps in Russia

June 16, 2016

On Wednesday, Vimpelcom, a major Russian mobile operator, announced it will deploy the NFC-based contactless payment system it implemented in St. Petersburg last year within the Moscow subway. Widespread commercial launch in Moscow is scheduled for the end of the year. While most offline and online purchases made in Russia are still paid in cash, …

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Teamo.ru attracts Japanese money, prepares recurring billing system

December 2, 2024

The Russian matchmaking service Teamo.ru completed a new round of investment earlier this week with a Japanese venture fund operating in Russia, UMJ Russia. While no details have been disclosed as to the amount involved or Teamo’s valuation, the deal brings total investment to date in the Russian service to more than $2 million. Unlike …

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