A new money-transfer service that helps users sidestep banking fees has opened for business in Ukraine. TransferWise, an Estonian startup, is a web-based solution that allows users to connect their bank card to an online profile and transfer any amount straight to a recipient’s own card account. Recipients in Ukraine can get their hands on the …
Estonian startup to make money transfers cheaper for Ukrainians Read More
Sergii Sosnov’s 10-year journey started from a local bank in Luhansk (Lugansk) in eastern Ukraine to the Goldman Sachs office in London, and from there to a bootstrapped startup in the hot British financial technology industry. Today he is the CEO and founder of Zen Assets. Opening for business in February, the wealth management firm …
Luhansk native’s Zen Assets makes its way in British financial technology industry 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 the conference Fintech Ukraine 2015 played host to a presentation from the public initiative FinTech Cluster, created within the Ukrainian Venture Hub. The goal of the project is to unite finance startups, banks, and investment funds in the collective development of the Ukrainian fintech market and to lobby for its interests. The creators of …
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
In the former USSR countries, criminal activities with stolen credit cards have created a market of $680 million. This accounts for 27% of the total high-tech crime market, says a report released by Russian cyber security firm Group-IB, covering the period from July 2013 and June 2014. The analysts say that today “Russian-speaking hackers are still …
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
