Payment & banking technologies

Major financial players announce blockchain exploration consortium in Russia

December 23, 2018

Earlier this month major companies from the Russian financial industry announced the creation of a consortium for joint exploration and project implementation in the field of blockchain and related technologies. Accenture, BINBANK, MDM Bank, Bank Otkritie, QIWI Group and Tinkoff Bank have expressed their intention to join the Consortium. The consortium presents itself as “Russia’s …

Major financial players announce blockchain exploration consortium in Russia Read More

Russian startup Blackmoon launches online lending platform in the U.S.

July 5, 2016

A Russian startup is launching in the U.S. this week to target the lucrative online lending market. Blackmoon launched initially in Russia last June, and has since rolled out into Poland, Latvia, Czech Republic, Estonia, Georgia, and Finland. Today, it opens its New York office and will begin the process of integrating with lenders in the …

Russian startup Blackmoon launches online lending platform in the U.S. Read More

Pure players and mobile operators shake up Russian banking sector

June 23, 2016

Russia’s banking sector is being shaken up by new entrants armed with the latest technology, but the process is proving anything but smooth for some of these pioneers. Just months ago, as reported by East-West Digital News, Otkrytie, a major Russian bank, announced the acquisition of mobile banking startup Rocketbank. Almost simultaneously, Instabank, another mobile banking startup with a strong social …

Pure players and mobile operators shake up Russian banking sector Read More

CardsMobile secures $2.5 million from LANIT as NFC takes off in Russia

June 16, 2016

Russian IT firm LANIT has invested $2,5 million in CardsMobile, a developer of contactless payment solutions, in exchange for a 28.6% stake, Russian business daily Vedomosti reported last week. Thus, the company has been valued at $8,7 million. CardsMobile has developed a platform for NFC payments as well as a mobile application, christened ‘Wallet’ (‘koshelek’ in …

CardsMobile secures $2.5 million from LANIT as NFC takes off in Russia Read More

Russia plans to launch its own national cryptocurrency

August 31, 2017

Russia’s federal financial monitoring service, Rosfinmonitoring, has announced that the country will soon have its own national cryptocurrency, according to the newspaper Kommersant. No official proposal has yet been written to this effect, but the idea of a cryptocurrency is being discussed with bank representatives at sessions organized by the Ministry of Finance and the Central …

Russia plans to launch its own national cryptocurrency Read More

Sberbank’s CEO blasts proposed bitcoin ban

October 3, 2016

Russia’s proposed bitcoin ban will hinder blockchain technology’s development in the Russian Federation, according to German Gref, chairman of the board at Sberbank, Russia’s national savings bank, and former economic development minister, speaking at the Skolkovo business school Saturday, according to Lenta.ru, a Moscow-based news site. Gref said blockchain is a new web technology comparable …

Sberbank’s CEO blasts proposed bitcoin ban Read More

Target Global leads $24 million round for Israeli-based payment service provider

May 11, 2016

Target Global, an international venture fund with Russian backers, has led a $24 million funding round for Zooz, an Israeli payment service provider. The round, which was announced last week, also involved Fang Fund, iAngels, Kreos Capital and existing investors Blumberg Capital, Lool Ventures, Rhodium, Claltech (Access Industries’ Israeli tech vehicle), XSeed Capital, CampOne Ventures and angel Eilon Tirosh. The details of the transaction have not …

Target Global leads $24 million round for Israeli-based payment service provider Read More

Alisher Usmanov invests in InPlat to create new payment ecosystem in Russia

May 10, 2016

Russian billionnaire Alisher Usmanov has invested in a Russian PSP named ‘InPlat‘ via structures affiliated to his holding company USM, acquiring a 35% stake previously owned by investment fund Supremum Capital. The transaction, which took place in December 2015, was revealed last week by Russian tech blog Firrma.ru, which referred to an unnamed source from Supremum …

Alisher Usmanov invests in InPlat to create new payment ecosystem in Russia Read More

Megafon shuts down mobile payment platform

March 14, 2016

Megafon, a leading Russian mobile operator, has shut down its mobile payment platform ‘Megafon Money.’ This service will be replaced by Visa Qiwi Wallet — the electronic wallet offered by payment operator Qiwi in partnership with Visa — “with additional specific Megaton features,” Russian business daily Vedomosti reported yesterday. The service has been judged redundant …

Megafon shuts down mobile payment platform Read More

Real estate tycoon invests $3.9 million in Russian contactless payment startup

February 2, 2016

Russian businessman Sergey Kozlovsky has invested 300 million rubles (approximately $3.9 million at the current exchange rate) in PayQR, a Russian startup developing contactless payment solutions. The news was reported earlier today by Russian business daily Vedomosti, which cited PayQR’s founder Vyavcheslav Semenchuk. The details of the transaction were not disclosed. A mobile, QR code-based solution, PayQR claims to be …

Real estate tycoon invests $3.9 million in Russian contactless payment startup Read More

Russians can settle Internet and phone bills with bitcoin

February 7, 2016

Russian citizens can now pay their bills for internet and mobile phones with Bitcoin. Megafon, Beeline and other popular operators now accept Bitcoins through such services as Cryptonator and 7pay.in. Such services can make Bitcoin more attractive for ordinary Russian users. Cryptonator also offers payment options for popular online games, such as World of Tanks, Perfect World and others. Besides, they can use Bitcoins to replenish their …

Russians can settle Internet and phone bills with bitcoin Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.