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.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Amazon’s Hip To Be (Like) Square
Acquiring
Rival Baby eCommerce Sites Merge
Europe
Have UK Mobile Payments Taken A Global Lead?
Merchant Innovation
WeChat Launches In-App Commerce
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alternative Financial Services
Sears’ Big Data Omnichannel Adventure
Company Spotlight
Who’s The Most Digital Payments Ready?
News
Amazon’s Hip To Be (Like) Square
Commentary
Can Visa Checkout Ignite?
View All Articles ››