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Credit Bank of Moscow - MKB and Bank DOM.FR have announced that they are preparing to issue UnionPay cards starting with Q1 2023.
credit card, expansion, Issuer, financial sanctions, card scheme
Following the decision of Visa and Mastercard in early March 2022, followed by Chinese UnionCard, to back away from its territory, Russia has pushed the adoption of the homemade MIR cards, according to EWDN.
Russia Ukraine War, Visa, MasterCard, debit card
AliExpress Russia, a cross-border ecommerce leader and major player on the domestic market, has announced it will receive USD 60 million from Mail.ru Group, one of its shareholders, EWDN reports.
ecommerce, cross-border ecommerce, funding
Adrien Henni, East-West Digital News, elaborates on the constraints and opportunities in the Russian market and shares best practices for global online merchants
East-West Digital News, EWDN, Adrien Henni, Russia, ecommerce, online retailers, e-shoppers, online merchants
This free report highlights the main facts, numbers and trends of the Russian ecommerce and e-payments markets in an international perspective.
Online sales of physical goods in Russia are expected to reach approximately EUR 19.74 billion at the end of 2019, according to a report by EWDN.
Russian, EWDN, payment method, online shopping, e-wallet
Adrien Henni, East-West Digital News: “Russian ecommerce and e-payments are growing fast, but personal data laws pose new challenges”
Adrien Henni, EWDN, Russia, ecommerce, payments , cross-border transactions, online payments, online travel, Mail.Ru Group, Yandex, Ozon, Wildberries, Alibaba, Yandex, Lamoda, Otto Group, cross-border payments, ASOS, Mir, Yandex.Money, WebMoney, QIWI, card
EWDN: Russia is allegedly banning Telegram due to concerns over the company’s cryptocurrency project.
Russia, Telegram cryptocurrency, Telegram ban, Russia bans Telegram
Mail.Ru Group, an LSE-listed Russian Internet company, has started accepting Bitcoin and Bitcoin Cash on its ad platform myTarget.
Mail.Ru Group, Bitcoin, Bitcoin Cash, cryptocurrencies, blockchain in advertising, Russia, ICO, crypto advertising
The Russian ICO frenzy, which in 2017 numbered more than 130 ICOs and pre-ICOs conducted by Russia-based companies, is still going strong.
Russian ICO frenzy, ICO in Russia, crypto in Russia, EWDN, cryptocurency, token sales
Sberbank has successfully completed a payment transaction using blockchain technology, making this type of transaction the first of its kind in Russia.
Sberbank, Russia, blockchain, payment transactions, blockchain payments, Ethereum
A team of marketers and blockchain programmers have launched mytime, a platform designed to reward users who spend time contracting online services.
mytime, blockchain platform, cryptocurrency, rewards program, blockchain
The Russian government and the central bank have announced that they will limit cryptocurrency trading in the country.
Russia, cryptocurrency, cryptocurrency trading, ICO, crypto-trading, Bitcoin
Russian Miner Coin (RMC) has raised the equivalent of USD 43 million through an ICO to develop a new ecosystem for miners and investors.
Russian Miner Coin, cryptocurrency, ICO, Russia, crypto-mining, Cryptocurrency mining
Goldmint, a Russian blockchain based platform, which operates gold-backed cryptoasset GOLD, is preparing for its ICO.
Goldmint, Gold, ICO, cryptocurrency, Russia, tokens, EWDN
Aeroflot, a large Russian airline company, has been investing over USD 400,000 to study the possible applications of cryptocurrencies and blockchain in its operations.
Aeroflot, cryptocurrency, blockchain, innovation, Russia, payments , investment, EWDN
Yandex.Money, a Russian e-payment system with some 30 million user accounts, announced a digital distribution agreement for Nintendo Switch in Russia.
Yandex.Money, Nintendo Switch, Russia, Turkey, e-payment, accounts, user, digital distribution, online payments
E-merchants selling their services and goods via Russian social network Vkontakte (VK) 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, East-West Digital News reports.
Russia, VKontakte, VK, online payments, e-merchants, online communities, East-West Digital News
Earlier this month the Russian Export Center, a government-backed organization, agreed with eBay a joint program to help Russian companies reach foreign online consumers, the TASS news agency reports.
Russian Export Center, organisation, eBay, online consumers, TASS, news agency, ecommerce, Russia
Russia’s ecommerce market continued to grow at double-digit rates in 2016, even as offline retail was severely affected by the economic crisis.
Russia, ecommerce, international players, EWDN, EY, offline retail, online sales, commerce warehousing, fulfilment