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Russia: Alibaba, Qiwi enter electronic payment agreement

Thursday 24 May 2012 10:22 CET | News

Chinese e-commerce group Alibaba has signed a contract with Russian-based electronic payment systems provider Qiwi.

As part of the deal, Alibaba will accept electronic payments routed via Qiwi for products offered through its web-based shops.

Qiwi works with more than 3500 merchants which include mobile operators, internet and TV providers, housing and utilities, public institutions, I-shops, e-wallets, online games, airlines and railway companies, insurance, MLM and banks. QIWI also provides money transfers, virtual Visa cards and gift cards, press subscription, lotteries, transport tickets, microfinance.

In recent news, Alibaba has revealed plans to repurchase up to one-half of Yahoos stake or approximately 20 percent of Alibabas fully-diluted shares.
 


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Keywords: Alibaba, QIWI, online payments, electronic payments, online merchants, e-wallets, online games
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce