Search Results for: visa

In Russian supermarkets, consumers can settle purchases with their fingerprint

January 16, 2019

In what could be a world’s first, Azbuka Vkusa, a major grocery chain with more than 170 outlets across Russia, and its partner Sberbank, the state-owned banking giant, have launched what they call a “perfect fingerprint payment service.” The service is not entirely new: so far, the chain’s customers could use fingerprints to pay from …

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Crimea considers creating blockchain infrastructure for international investors to avoid sanctions

November 20, 2018

The authorities of Crimea, a Black Sea peninsula which has been disputed between Russia and Ukraine since 2014, are considering creating a new international blockchain technology training center. Such a center would teach “specialists from countries under sanctions how to use new technologies to attract foreign investors,” Roman Tkachenko, the president of the Crimean Republican Association …

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Chinese WeChat Pay comes to Russia, Russian Mir goes global

February 11, 2021

WeChat Pay, the payment system of the popular Chinese instant messenger, is making its debut in Russia. In late October Russian Standard announced to be the first Russian bank to support such payments, with the Novotel Moscow Center hotel as the first participant in the program. “In the near future, other Russian Standard partners will …

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Credit Bank of Moscow, Visa release payment-enabled rings in Russia

September 4, 2018

Visa and Credit Bank of Moscow have partnered to introduce payment-enabled rings in Russia to allow consumers to make purchases across all contactless-enabled payment terminals. The Visa payment-enabled rings are made of shockproof and waterproof ceramics and require consumers to enter a PIN code when the cost of a purchase exceeds USD 13. If the …

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Mastercard to support gambling market in Russia

February 7, 2018

Russian punters will soon be able to receive their betting wins online through the Mastercard payment network. The news was reported last week by Betting Business Russia, citing Mastercard. The international operator announced that it will soon make possible domestic transactions in this field in Russia, as is already the case in a range of other countries. These …

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Russian startup aims to help immigrants “make America great again”

November 30, 2017

After struggling personally with the U.S. visa application process, a young Russian entrepreneur, Artem Goldman, created an artificial intelligence chatbot to help other immigrants and tech professionals who are moving to Silicon Valley. The service has already helped more than 100,000 people apply for green cards and visas. Visabot was launched in the U.S. in autumn 2016, just before the presidential …

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Setting up a company in the US in the age of Trump: The new challenges of East European startups

May 29, 2017

The Trump presidency is bringing significant changes to America, and East European startups are not immune. In fact, they’re feeling the brunt of the new turbulent landscape. But this is not a reason to be intimidated and to shelve plans to come to the U.S. As the rules of the game change, foreign startups simply …

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IKEA launches online sales and builds giant distribution center in Russia

May 19, 2017

Illustrating the appeal of the Russian e-commerce market, IKEA Russia has made a substantial part of its assortment available online to the inhabitants of Moscow, Saint Petersburg and their surrounding areas, as well as of several cities of Siberia, the Far East, the Central and Northwestern federal districts. Launched in late April, online sales will be expanded later …

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Telegram under pressure to get official registration with Russian authorities

May 17, 2017

Telegram, the international instant messenger which claims to guarantee its users a superior level of confidentiality, has  reiterated its refusal to disclose “any information” to any “government or special service in the world,” the Russian media have reported, citing company statements. Earlier this week, Roskomnadzor, the Russian telecom regulator, requested Telegram to provide contact and other corporate information …

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VK now supports payments to e-merchants and online communities

April 11, 2017

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 …

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Startup visa program: Lithuania aims to offer Eastern European startups a gateway to the EU

March 25, 2017

Earlier this year, Lithuania launched its own Startup Visa program, designed for entrepreneurs who wish to establish or develop their startup on the Baltic Sea shore inside the European Union. Under this program, startup entrepreneurs no longer need to fulfill certain capital or employment requirements to obtain a residence permit, should their business idea be deemed suitable …

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