Qiwi, a leading Russian payment operator, has picked Credit Suisse and JPMorgan for a New York IPO which it plans for the middle of next year, Reuters learned from “three sources familiar with the matter.” The company plans to float between 25 and 30% of its shares while the IPO would value it at $1 …
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 …
MobiDengi and MasterCard make virtual payment card available to Russian mobile subscribers Read More
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 …
Visa and QIWI form strategic alliance to develop electronic payments Read More
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 …
Russian Internet, telecom and bank giants experiment with Square-like payment systems Read More
Since the national educational system is not providing Russia’s IT industry with enough qualified IT workers, these cadres must be attracted from abroad, said Nikolai Nikiforov, Russian Minister of Communications and Mass Media, in a forum on international investment held in Moscow last week. “The IT industry, indeed, is experiencing an acute shortage of qualified …
Russia needs foreign IT specialists, minister says Read More
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 …
NFC on the move in Russia; compatible phones and payment systems to fuel traction Read More
Yandex.Dengi (‘Yandex.Money’), the e-currency of Russia’s search giant Yandex, announced last week that its users can now transfer sums from their electronic wallet to any bank account in 42 European countries. Users will pay a 3% commission fee in addition to a flat fee of 15 rubles, or approximately $0.50, news agency RIA Novosti reported. …
Russian e-currencies pursue international integration Read More
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 …
Yandex e-currency teams up with MasterCard to issue new payment card Read More
Facebook’s 2nd annual Hacker Cup competition, held at the company’s headquarters in Menlo Park, California, witnessed 25 of the world’s best hackers gather for an intense competition. Roman Andreev of Russia took top prize by correctly completing a problem in 1 hour and 4 minutes, one minute ahead of the second place winner. Andreev received …
Russia’s Roman Andreev wins first place and $5,000 in Facebook’s Hackers Cup Read More
The users of Yandex.Dengi, which translates to Yandex.Money, can now transfer funds from their Yandex electronic currency accounts to any bank account with a Visa or MasterCard card. Funds can be transferred to the user’s own account or to any other account of their choice, the Russian search giant Yandex announced last week.
Pavel Vrublevsky was released last week after spending 6 months in Lefortovo prison in Moscow, following his arrest in June of 2011 for organizing a distributed denial-of-service (DDoS) attack on the website of Assist, a competitor of his company, Chronopay. A leading Russian online payment processing company, Chronopay processes almost half of all Visa and …
Major Russian mobile operator Megafon and global payment card giant Visa presented the Megafon-Visa Online Card last week. Megafon subscribers need only send an SMS request to receive the virtual card, which allows them to pay for any goods or services offered online using the money available on their mobile account.
