U.S. multinational financial services corporation MasterCard has launched its digital wallet service, MasterPass, in Ukraine. Ukraine on July 15 became the 32nd country in which the electronic service has been introduced. MasterPass is an online service that helps users pay electronically with any bankcard or electronic money from one place.
Starting Feb. 13, Ukrainians can receive electronic payments from non-residents of Ukraine in foreign currency, according to a statement by the National Bank of Ukraine on Feb. 12. This ruling opens the way for citizens of other countries to transfer electronic money to accounts in Ukrainian banks. “Individual is entitled to receive electronic money, issued by the nonresident …
Ukraine moves towards PayPal: Residents can now receive e-payments from abroad Read More
Innovecs, a Ukrainian-American software development company, now accepts payments in bitcoins via the BitPay platform, reports tech blog AIN.UA. The platform will automatically convert US dollar amounts into bitcoins. The corresponding invoice is sent to the client along with a QR code including the payment details. The bitcoins are transferred to Innovecs’s account and then converted into …
Software developer Innovecs accepts payments in bitcoins Read More
The legal firewall blocking access for Ukrainians to international banking and online payment systems is set to come tumbling down as the National Bank of Ukraine removed a number of barriers in cross-border payments and commerce. E-payment systems like PayPal can now fully operate in Ukraine. Previously, Ukrainians could purchase goods abroad using PayPal, but it …
Central bank widens road for cross-border payments and commerce Read More
Following a Facebook campaign and intense lobbying from IT activists, the Ukrainian government is putting public pressure on PayPal to make its payment services fully available to Ukrainian residents. Today PayPal offers a limited set of features in the country: Ukrainians may open a PayPal account and use it to send payments — but not …
Ukraine calls PayPal to make service fully available in the country Read More
Kyiv (Kiev) became the fifth city in the world on June 19 to let MasterCard holders pay for subway rides with cards that have chips using the so-called PayPass technology. Kyivsky Metropoliten, the city-owned company that manages Kyiv’s subway system, installed 17 turnstiles with MasterCard payment terminals, according to a June 19 company news release. Only London, …
Mastercard contactless payments introduced in Kyiv’s subway Read More
Earlier this month, Ukrainian clients of PayU, an international PSP which belongs to Naspers via the Allegro Group, were informed that the company will stop activities in the country in the near future. While the company explained its decision as “based mainly on an assessment of the current and expected market conditions,” Ukrainian tech publication …
International payment service provider PayU quits Ukrainian market Read More
Life.Sreda, which looked just a few months ago as one of the most successful Russian funds, is now seeking buyers for the greater part of its portfolio companies, Russian business daily Vedomosti reported last week. The fund also cancelled its investment in Advice Wallet, a Kyiv (Kiev)-based startup which develops mobile payment service Settle. In July last year, Life.Sreda committed itself to …
Russian fund Life.Sreda cancels investment in Ukrainian startup Settle Read More
For those so busy that they don’t have time for leisurely lunches during workdays, the Ukrainian startup Settle offers a solution: ordering food ahead of time so it’s ready when you are ready to eat. What started only as idea last summer is now a free application used in 20 restaurants in Kyiv. It reached …
Eating on the run? A Ukrainian startup has application to cut out wasted restaurant time Read More
Odessa-based Kaznachey (Russian for “Treasurer”) has developed a cloud-based processing platform for Internet sites and mobile applications which allows users to purchase goods and services with any legal currency (bank cards, through self-service terminals, or by credit) as well as through sellers to be paid by account or by card. The startup has obtained $50,000 …
Polish incubator Next.Step invests $50,000 in Ukrainian startup Treasurer Read More
SendFlowers, a Ukrainian online store that offers the most exotic of flowers with delivery across the country and beyond, has announced that it has begun to accept Bitcoins on a test basis. It is the first such case on the Ukrainian e-commerce scene, reports E-Commerce.com.ua. The cryptocurrency can be used on the site to buy …
Online flower shop and legal firm become Bitcoin pioneers in Ukraine Read More
The first bitcoin embassy in the CIS has opened on Lviv Square in Kyiv (Kiev), reports tech blog AIN.UA The initiator of the project was Kuna, an agency dedicated to the sale of bitcoins. Kyiv is joining three similar bitcoin embassies in the world, located in Montreal, Tel-Aviv, and Warsaw. Within the embassy, there is a …
Bitcoin embassy opens in Kiev as the cryptocurrency could make Crimeans’ life easier Read More
