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Runa and Alven invest in French startup Keymetrics, “the next leader in Node.js”

February 12, 2017

Earlier this week Runa Capital, a venture fund with Russian roots operating globally, and Alven Capital, a Paris-based fund, announced an investment in Keymetrics. This French startup has developed a SaaS monitoring service for server infrastructure. making it easier for developers to build Node.js apps. Keymetrics raised $2 million in total in this round, including $1 million …

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Russian cyborgs among us: Technology that literally gets under your skin

February 6, 2017

Moscow is one of five cities in the world where people have begun installing subcutaneous implants for travel on public transport. The first Russian cyborgs, however, complain about the limits of using their new devices in everyday life. During a visit to Russia last year, Dr. Patrick Kramer, a famous German biohacker and CEO of …

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Leading international conference invites e-payments and e-commerce professionals (Berlin, Feb. 2017)

October 26, 2016

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 …

Leading international conference invites e-payments and e-commerce professionals (Berlin, Feb. 2017) Read More

Consumer habits, payment methods, legislation: The latest trends on the Russian e-payment scene

October 6, 2016

Even though the Russian online payment industry has seen the emergence of a variety payment instruments – with online payment services becoming more and more popular, – the market cannot be characterized as fully mature yet as this term may be understood in countries where electronic forms of payment already prevail. In this article, Elena …

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New report highlights latest trends in global payment and e-commerce industries

August 2, 2016

The Paypers, a major news and research agency covering the international payments industry, has just released the 2016 edition of its Ecommerce Payment Methods Report. An educational overview of the global payments industry, this report’s focuses on providing a framework for an easy understanding of the mechanism behind card-based and alternative payments within the wider standpoint of …

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National bank card MIR soon accepted ubiquitously in Russia in spite of security and financial challenges

March 11, 2019

More than six months after its launch, Russia’s national bank card MIR is already supported by more than a hundred Russian banks, 13 of which actually issue the card, according to the Russian central bank’s subsidiary NSPC (or NSPK), which operates the MIR card. Card acceptance is not ubiquitous yet in Russia, however, if judging by the …

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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 …

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Major industry event in Sofia invites Russian tech players (discounted registration until May 17)

May 10, 2016

Russian startups and other internationally-oriented tech players are welcome to participate in the sixth edition of DigitalK, a major regional event which will be held on May 19-20 in Sofia, Bulgaria. This two-day conference will bring together founders of world-leading tech companies, unicorns and startups, as well as investors and digital marketing gurus from South Eastern Europe …

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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 …

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Tatarstan teams up with Enterprise Ireland to launch Russian startups globally

February 26, 2016

Earlier this month Pulsar Venture Capital, an early-stage investment fund from Tatarstan, an entity of the Russian Federation, announced the launch of a startup accelerator in partnership with government agency Enterprise Ireland and Dublin-based early stage investor NDRC. The accelerator promises to help startups “enter the global market and find an investor or strategic partner in 100 days.” Three locations are involved: Kazan (the capital of Tatarstan), Dublin and …

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2015 in review: Russia set strict restrictions to international data transfers and payment transactions

February 27, 2017

East-West Digital News reviews the most important developments on the Russian high-tech scene in 2015. Today’s story is about the main changes in the legal environment which affected foreign businesses.    1. Legislation on personal data storage Russia’s new legislation on personal data storage came into force on September 1. According to the new rules, only databases located in …

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