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Tele2 Russia teams up with MasterCard to issue virtual international payment card

October 18, 2013

Tele2 Russia, a former subsidiary of the Swedish telco Tele2 which was acquired earlier this year by Russian bank VTB, has issued a virtual international payment card for online shopping in partnership with MasterCard. Connected to a Tele2 subscriber’s mobile account, the new payment instrument, named “Tele2 MasterCard virtual card,” lets online shoppers spend up …

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TA Venture Managing Director and IDCEE organizer Viktoriya Tigipko: “Kiev is an entry point for international VCs for Central and Eastern Europe”

October 4, 2013

Not only is Mrs Tigipko one of these exquisitely educated and beautiful ladies one can meet in Kiev, she also is an inexhaustible source of ideas and energy when it comes to innovation and venture activity. In a mere three years, she has transformed a Kiev event, IDCEE, into the international face of the East-European startup and venture scene. …

TA Venture Managing Director and IDCEE organizer Viktoriya Tigipko: “Kiev is an entry point for international VCs for Central and Eastern Europe” Read More

Runa Capital injects $2 million in mobile banking startup with global ambitions

October 3, 2013

Earlier this week RocketBank, a Moscow-based banking application startup, announced that it received $2 million in funding from Runa Capital, a Moscow-based fund operating internationally. RocketBank’s application, currently available only on iOS, allows users to complete money transfers that necessitate no bank details of a recipient, simply an e-mail address or e-wallet number – which the …

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QIWI President Boris Kim: “We target cash-based markets across the globe where consumers need convenient alternatives.”

October 1, 2013

Initially a network of cash collection machines, through which Russians pay for virtually everything from mobile phone bills, to online purchases, to fines, QIWI is now an international, NASDAQ-listed, multichannel payment operator working in close partnership with Visa. QIWI President Boris Kim shared with East-West Digital News his vision of the payment industry, which knows …

QIWI President Boris Kim: “We target cash-based markets across the globe where consumers need convenient alternatives.” Read More

Zara launches online sales in Russia

September 30, 2013

One decade after it first entered the Russian market, Zara launched online sales in the country this past summer. Based on the brand’s international IT platform, the site’s functions and design do not differ from those offered to Zara aficionados in 21 other countries where online sales are also available (Western Europe, North America, Poland, …

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PayPal launches in Russia while Russian e-currencies go global

July 6, 2015

Yesterday PayPal became available to Russian users for domestic operations with the ruble as its 26th currency. The international payment company started serving Russian users in 2006. So far, however, Russians could only use PayPal on foreign sites and via other currencies. Furthermore, they could not withdraw their money from PayPal account to Russian banks.

From San Francisco, to Kiev, to Moscow – Four exciting events to discover Russian innovation

September 13, 2013

Whether you live in the US, Europe, or Russia, several major events in the coming weeks will provide you with unique opportunities to get acquainted with the latest of Russian high tech and entrepreneurship: The Russian Innovation Week next week in Boston and San Francisco; StartupMonthly events in Moscow on Sept. 22, 23 and 28; IDCEE …

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Qiwi announces first venture investment deals and an enlarged investment focus

August 26, 2013

Leading Russian payment company Qiwi, which launched an in-house venture activity in early 2013, announced earlier this month its first investment. The group invested in Carbay.ru, a web and mobile service created in May of this year to help professional car dealerships place classifieds on a variety of third-party online resources, including social networks. “Not only …

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Edward Snowden in transit in Moscow with WikiLeaks’ assistance; US urges Russia to send him back home

June 23, 2013

Fugitive former US intelligence contractor Edward Snowden flew from Hong Kong to Moscow this Sunday on Aeroflot flight, two days after the US authorities charged him with espionage. His yet unknown further destination may be Cuba, Ecuador or Venezuela, according to media reports. The US government had asked Hong Kong to send Snowden home. But the Hong …

Edward Snowden in transit in Moscow with WikiLeaks’ assistance; US urges Russia to send him back home Read More

Online dating service Mamba introduces one-click payments

June 18, 2013

In what may seem like a commonplace feature in many countries but represents a pioneering move in Russia, leading dating service Mamba has introduced an Amazon-like one-click payment method, making the recurring use of its service easier. Once a user’s bank card is registered for a first-time payment, subsequent payments are pre-authorized based on information …

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Qiwi makes inroads into Indian market

June 10, 2013

It’s easy to make a variety of instant payments for a variety of services ranging from a post-paid mobile bill to cable television subscription fees, thanks to a successful Russian company that set up base in India’s national capital region in the beginning of 2011. The Indian franchising partner of Qiwi, Russia’s biggest instant payment …

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