Russian Mobile Payments Start Up Secures $8 Million Investment

What's Next In Payments®
4:54 PM EDT February 25th, 2013

uBank, a Russian mobile payments startup has secured $8 million in investment from Ruma Capital. The investment will allow uBank to expand its business beyond Russia. The company is currently building a payment service to allow users to carry out money transfers through their phones or computers, the Paypers reports.

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