In 2010, online payments turnover in Russia has increased 75 percent year-on-year, reaching USD 70 billion (RUB 2.545 billion), according to Viktor Dostov, the Digital Money Association Chairman, cited by the source.
As far as the mobile segment is concerned, PayPal has signed m-payment service deal with Chinese marketplaces. The company is reportedly expected to be the exclusive provider for the new mobile sites and mobile apps of three Chinese marketplaces, namely Dhgate, LightInTheBox and TradeTang.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now