Mail.Ru : Team up with Alipay for Russian payment JV

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Mail.Ru : Team up with Alipay for Russian payment JV

Mail.Ru : Team up with Alipay for Russian payment JV

  • The partnership also includes the Russian Direct Investment Fund (RDIF) and Russian mobile group Megafon
  • The company also will dictated by Russian investors and will tackle the country’s $14 billion eCommerce marketplace
  • RDIF’s Kirill Dmitriev told Reuters that AliExpress will help Russian companies enter Asian markets
  • Mail.Ru told Reuters that the Alipay deal will let Russian users pay digitally
  • Then Visa said Russia is an important market for the company in terms of strategy
  • The Bank of Russia said it is confident that all payment systems in the country will continue