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 …
Russia is the world’s third largest financial technology market and bankers at the annual sector conference in St Petersburg this year said they are continuing to roll out new cutting edge services as the need for digitization is becoming urgent. Russian President Vladimir Putin made digitization a centerpiece of this year’s St Petersburg International Economic Forum (Spief), …
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 …
Chronopay to support Bitcoin and Blockchain “revolution” Read More
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, …
In late April the finale of GenerationS, a major corporate-oriented accelerator program, took place at the Stadium Live concert hall in Moscow. Three winners shared 15 million rubles (some $263,000 at the current exchange rate) in prizes while 19 other teams received prizes worth over 100 million rubles (1.75 million) from the accelerator’s partners. One of …
Raiffeisenbank launches pilot projects with three Russian startups Read More
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 …
VK now supports payments to e-merchants and online communities Read More
Qiwi, a NASDAQ-listed Russian payment company, has created a subsidiary to develop Blockchain products, the Russian business daily Kommersant reported earlier this week. The new company, dubbed ‘Qiwi Blockchain Technologies’ (QBT), will be headed by Alexey Arkhipov, who currently serves as director of crypto-technology development at Qiwi. This year, Qiwi may invest some 100 million rubles …
Modulbank, a Russian bank operating in 17 Russian cities, including Moscow, and providing online banking services to SMBs, has acquired three small fintech startups for an undisclosed amount. The news was reported by online publication CNews.ru based on an exchange with the head of the bank’s board of directors Andrey Petrov. Unicloud, one of the …
Russia’s Modulbank acquires three fintech startups Read More
Sberbank of Russia, the country’s largest banking institution, is planning to set up what it describes as a national e-commerce ecosystem with the use of its own resources and infrastructure. The system would be based on the model used by major international e-commerce platforms such as Alibaba Group of China. It is understood that the project will …
Sberbank mulls launch of national e-commerce system in Russia Read More
Russia’s biggest bank is paying up to keep the nation’s best tech talent from emigrating to Silicon Valley. To analyze 135 million customers, it needs the power of big data. Sberbank PJSC, which holds 46% of Russian retail deposits, says it’s luring experts in the field with some of the highest salaries at the state-owned …
Tech hires see Russia’s Sberbank catching up on Big Data Read More
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 …
