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December 2, 2019
On the web
Presentation of the First European Acquirer of the MIR Card Scheme at the Russian-British Business Forum – The Roscongress Information and Analytical System
Roscongress
“We were waiting for an acquirer for the MIR card to be established in the UK. Demonstrating the potential of Russia’s financial services abroad is extremely important. Today, increasing the number of companies connected to acquiring, creating the appropriate infrastructure and assisting in connecting new organisations in the United Kingdom is one of our most important tasks,” said Boris Abramov, Russian Trade Representative in the UK.
June 10, 2019
On the web
Sberbank to Open First Branch in McDonald’s Restaurant
Russia Business Today
“Under the agreement, signed at the St. Petersburg International Economic Forum, the companies intend to partner in card acquiring and a number of other more innovative areas such as using technical systems to analyze data, developing consumer behavior analysis systems, speeding up bank card payments, developing a payroll project for employees, and the opening of a pilot branch of the bank in a McDonald’s outlet.”
March 11, 2019
On the web
Russia’s Mir Domestic Payments System Adds Support for NFC Payments
NFC World
“The new Mir Pay service uses tokenization and is supported on NFC phones running Android 6.0 Marshmallow and above. Eight of the more than 160 banks that issue Mir cards have signed up to take part in the initial rollout — Russian Agricultural Bank, Russian National Commercial Bank, Center-invest Bank, SMP Bank, Bank Russia, UBRD, Credit Bank of Moscow and Promsvyazbank.”
March 8, 2019
On the web
MegaFon Adds Loans to Its Mobile Banking App
NFC World
“The latest feature – Credit via Mobile – enables customers to use their smartphone to apply for credit from Russia’s largest financial institutions without having to visit a bank. The loan request is analysed and the approved funds are sent immediately to the customer’s mobile phone bank account.”
November 5, 2018
On the web
Sberbank and Yandex launch ‘Russian Amazon’
Financial Times (paywall)
“Sberbank, Russia’s largest lender, and search company Yandex are hoping to capture the country’s Rbs1.1tn ecommerce market with a new online marketplace, Beru, which they say will be a “Russian Amazon”. The $1bn joint venture, which launched on Wednesday, is key to Sberbank chief executive Herman Gref’s plan to diversify the state-run bank by creating an “ecosystem” that provides everything from medical services to cyber security.”
April 3, 2018
On the web
Yandex adds online installment payment plan to digital wallet
Mobile Payments Today
“Yandex Money, which is considered the equivalent of PayPal in Russia, has introduced a new feature to its Checkout product that enables online stores and services to provide their customers with an option of paying for purchases in installments, according to a press release. The installment plan will be available to the users immediately once they fill out a simple form at the Yandex.Checkout’s website.”
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