E-payment Systems: Eldorado for Investors?

August 29, 2013, 10:00 conference

On August 29 the Digital October Center, as part of the second practical E-payment Systems in Russia conference, hosted representatives from the government, banks, payment systems and internet services as they examined:

  • the increase in loyalty shown for non-cash payment tools as the next point in the growth of payment systems and the role of internet technology in the development of banking services;
  • analytics of the e-commerce market in Russia and around the world, the struggle between banks and payment systems for customers, mobile banking, and the prospect of integrating NFC solutions in Russia;
  • federal regulation of the domestic payment industry and both the positive and negative consequences for business of passing the law “On A National Payment System”;
  • the development of the e-payment systems market in Russia and the innovations expected for the sector in 2013-14;
  • the security of online operations and the vulnerability of domestic and foreign remote banking service systems

These and other topics were be discussed by the heads of the Central Bank, Federal Treasury, Russian Ministry of Industry and Trade, Russian Ministry of Communications and Mass Media; managers at Yandex.Money, Visa, Qiwi Wallet, MasterCard, RBK Money, WebMoney, Ulmart, Oktogo, Dr.Web, and Kaspersky Lab; and representatives from Alpha-Bank, TCS Bank and a number of other organizations.

The conference program was split into five consecutive themed sections. Each featured consideration of actual situations from the experience of domestic and foreign companies, including the story of the series of DDoS attacks on American banks known as Operation Ababil, as well as cases regarding problems in the standard legal provision of security for payment systems and a critique of mistakes made in the creation of mobile payment applications.


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