Japanese conglomerate Mitsui & Co. Ltd. has acquired 14.9% stake in Qiwi Ltd., a Russian company registered in Cyprus that specializes in instant-payment kiosks, the two companies announced Jan. 18.
The 258 McDonald’s restaurants in Russia now accept bankcards, the fast-food provider’s acquirer Russian Standard Bank announced Dec. 13.
Russian Standard Bank has become the first European bank to offer person-to-person funds transfers through MasterCard Worldwide’s MoneySend platform, the companies announced Dec. 6.
Compared with some of the big-league outsourcing players, Russia is a rookie. The country’s current revenue from IT outsourcing is $150 million to $200 million annually, a drop in the bucket compared with India’s...