Payments

Smart bank card provider IQcard raises $2.5 million from Russian and Ukrainian funds

IQcard, a Moscow-based startup offering multifunction bank cards, has raised “more than $2.5 million” in a Series A round from Paradigm Investments and TA Venture, as well as from existing investors Fastlane Ventures and Direct Group. Neither the exact amount of investment nor the startup’s valuation were disclosed. Launched in March 2012, IQcard offers a prepaid bank …

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Yandex.Money enables users to replenish virtual wallets from bank accounts

Yandex.Money, one of Russia’s leading virtual currencies – in Russian: Yandex.Dengi – announced last month a new step toward integrating its electronic currency with bank systems. Users can now replenish their virtual currency accounts using bank cards issued by Russian banks. To add funds to a virtual account, they only need to indicate their bank …

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