Sections
Russia
- Europe
Russian e-Commerce Giant Ulmart Heading Toward IPO
Russia’s answer to Amazon, Ulmart, has confirmed that it plans to IPO in the next year. Russia’s leading e-commerce company confirmed...
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1.7KEuropeIn Russia’s Wake, Belarus Wants Visa And MasterCard Alternatives
Just days after Russia’s central bank said both MasterCard and Visa are back in its good graces, the payment-card giants are being...
- What's Hot
Bitcoin Websites Banned in Russia
As Russia continues to suffer under the weight of plunging gas prices, a currency in free-fall, and crippling economic sanctions, the efforts...
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1.4KInternationalStaples Cyberthieves Also Got $25 Million From Russian Banks
The Russian cyberthieves believed to be responsible for retailer payment-card breaches at Staples, Bebe Stores and 14 other chains have also stolen...
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1.9KEuropeApple Shuts Down Russian E-Sales Due to Ruble
Apple took the unusual move Tuesday (Nov. 16) of shutting down all of its online sales in Russia due to what Apple...
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2.6KEuropeRussian Payment Card To Materialize Mid-Month
Russia’s National System Of Payment Cards (NSPC) will materialize and start accepting payments in mid-December, according to a report Monday (Dec. 8)...
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1.5KInternationalRussian Shoppers To Double Ecommerce Spending
Russian shoppers are expected to spend up to $5.1 billion this year on foreign commerce websites, twice as much as they spent...
- Europe
PayPal Offers Cash Option in Russia
PayPal is jumping onto the cash-based electronic payments business trend in Russia, The Moscow Times reported. The online payment platform launched in Russia...
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2.0KNewsMoney-Laundering, Russian Style
Several close aides to Russian President Vladimir Putin are now the target of a U.S. Justice Department probe into an elaborate money-laundering...
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1.2KInternationalMoscow Cracks Down On The Dollar
Russia may ban circulation of the U.S. dollar in the country, the Azeri-Press Agency reported on Wednesday (Nov. 5). A bill has...
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1.5KInternationalPutin Puts Visa/MC Deadline On Ice
Visa and MasterCard have won a reprieve from Russia’s demand that the card brands pay more than $1 billion each to continue...
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1.2KNewsFeds Figure Out Who Did Not Attack Chase
At a briefing from the FBI and the U.S. Secret Service, authorities say that they no longer suspect the Russian government of...
- 985Europe
MasterCard Stays The Course On Russia
After initial signs that MasterCard might resist new rules, which required billions of dollars of security deposits, the card brand has now...
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1.7KB2B PaymentsSWIFT Says It “Has No Authority” To Unplug Russia Or Israel
Global financial-messaging network SWIFT will not unplug either Russia or Israel from the system unless the European Union officially adopts appropriate sanctions,...
- Europe
How The Russians Plan To Ignite Their Own Payments System
Against the backdrop of global political tensions and tit-for-tat diplomatic and economic sanctions involving Russia and the United Nations, Russia is publicly...
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1.2KNewseBay Embracing Some Of Its Russian Rivals
The gray area that distinguishes a rival from a friend is amorphous anywhere in payments and E-Commerce, but no more so than...
- 2.1KAlternative Finances
Kiosk-based Money Transfers In Russia Double
Money transfers sent through kiosks in Russia have nearly doubled in the past year, according to Self Service World. Payment services provider...
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2.0KNewsSwift Moves to Ban Russia
British prime minister David Cameron is urging EU nations to cut off Russian banks from the SWIFT financial messaging network, in order...
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1.7KBreach Round UpHuge Cyberattack Hits JPMorgan
The attack, which stole copies of gigabytes of banking and checking account details, hit JPMorgan Chase & Co. “and at least one...
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21.7KB2B PaymentsThe B2B Frustration: The Hottest Biz Travel Spenders Have The Least Friendly Payment Environments
The business travel itinerary is no longer limited to the already developed world, and while European and American markets are still growing,...
- 1.7KEurope
Russia Backs Off Deadline For Visa, MasterCard Security Deposits
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet...
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3.0KHmmmVisa and MasterCard CEOs Discuss EMV, Mobile and Russia
Visa and MasterCard have a lot to contend with these days. With use of mobile devices for payment increasing, EMV on the...
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1.5KInternationalAfter Russian Sanctions, Putin Considering National Payments System
Putin is considering to launch a national payments system in Russia.
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1.0KInternationalUkraine Crisis May Force Russia Out of Markets
The U.S. Treasury Department is capable of freezing Russia’s access to bank loans, credit cards, clearing and settlements of transactions, which would...
- 1.4KInternational
Russia Plans to Fine International Payment Systems for Freezing Accounts
Russia Plans to Fine International Payment Systems for Freezing Accounts
- Europe
Russia To Amazon: ‘No Chance’
05 March 2014 Ulmart, Russia’s online equivalent to Amazon, reportedly has succeeded by doing what Amazon does not. “In this market,” Ulmart’s...
