Russian Payment Kiosk Firm To Target U.S., Brazil

Russian Payment Kiosk Firm To Target U.S., Brazil

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.

Russian McDonald’s Restaurants Complete Card-Terminal Deployments

Russian McDonald’s Restaurants Complete Card-Terminal Deployments

The 258 McDonald’s restaurants in Russia now accept bankcards, the fast-food provider’s acquirer Russian Standard Bank announced Dec. 13.

MasterCard, Russian Standard Bank Strike MoneySend Deal

MasterCard, Russian Standard Bank Strike MoneySend Deal

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.

Outsourcing: Russia and Eastern Europe

Outsourcing: Russia and Eastern Europe

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...