The new service enables users to send money to other Twitter users through tweets. However, in order to be able to send and receive money, both Twitter and Yandex.Money accounts must be linked. For peace of mind, users can limit their maximum allowable transfer amount via the Wallet Preferences settings in their Yandex.Money account.
The launch comes in light of Reuters revealing financial services provider Sberbank plans to acquire Yandex.Dengi, an online payment service owned by Yandex.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.