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Russian mobile payment startup uBank secures USD 8 mln

Monday 25 February 2013 11:57 CET | News

Russia-based mobile payment startup uBank has secured USD 8 million from investment firm Runa Capital to extend its business beyond Russia and CIS.

uBank is building a mobile payment service for individuals that allows them to pay bills and transfer funds from their phones or PCs. The application allows customers to attach credit cards of different banks and use them as sources of funds.

Users can charge their accounts from debit/credit cards and start paying for goods and services from their mobile devices.

The company is also set to add new features including paying for bills in coffee shops, restaurants and more, as well as P2P money loans and develop apps for both BlackBerry 10 and Windows Phone.


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Keywords: uBank, mobile payment startup, Russia
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce