Business news from Ukraine

STATE-CONTROLLED OSCHADBANK LAUNCHES APPLE PAY SERVICE

State-controlled Oschadbank (Kyiv) has launched the Apple Pay payment service, chairman of the financial institution Andriy Pyshny has reported.
“Oschadbank the fastest in Europe several months ago integrated Google Pay. It has already launched Apple Pay. The future is in smartphones!” he wrote on his Facebook page.
He said Apple Pay is based on security and confidentiality.
“If you add a credit or debit card to Apple Pay, the card number itself is not stored in either the device or Apple servers. You are assigned a unique account number for the device, while it is encrypted and stored in a secure mode in the microchip “Secure Element” of your device. Each transaction is due to the generation of a unique one-time dynamic security code,” he said.
According to Pyshny, to use the possibility of paying with an iPhone, it is not necessarily to have an Oschadbank card: just call the contact center of the bank and get an instant digital prepaid card. It can be connected to Apple Pay and they you can use the application.
According to the press release of Oschadbank, one can pay with Apple Pay in stores using iPhone SE, iPhone 6 and newer models, and also with Apple Watch.

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UKRZALIZNYTSIA, GENERAL ELECTRIC TO ANNOUNCE TENDER TO SERVICE LOCOMOTIVES

Public joint-stock company Ukrzaliznytsia and General Electric plan to announce an official tender to service locomotives under the cooperation contract.
According to a posting on the website of the Ukrainian company, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov at a meeting with President and CEO General Electric Transportation Rafael Santana on Thursday discussed some urgent issues of cooperation in upgrade and modernization of the locomotive fleet of Ukrzaliznytsia under the partnership contract signed early this year.
Ukrzaliznytsia and General Electric are preparing for the announcement of an official tender to service TE33A Evolution Series locomotives that will be delivered to Ukrzaliznytsia under the cooperation contract, the company said.
Ukrzaliznytsia also said that during the negotiations General Electric presented options for financing of next phases for the successful implementation of the long-term cooperation contract.

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ESTONIAN TAXIFY DECIDES TO RE-LAUNCH SERVICE IN KYIV

Estonia’s startup Taxify, which designed a ride-sharing platform and first entered Ukraine in September 2016, has decided to re-launch the service in Kyiv and hope to develop in other large cities of Ukraine in 2018.
“The first launch of the service in Kyiv took place in 2016 according to the franchise agreement with Estonian entrepreneurs, and now the company will restart the project with its own local team,” the company said last week.
According to him, the possibilities of expanding the market and working in other large cities of Ukraine are also being studied.
According to Marcus Willig, CEO and co-founder of Taxify, the company has huge potential for growth in Ukraine. He said that over the past year the number of trips organized with the help of Taxify platform has grown 10-fold, and today more than 10 million people and 50,000 drivers use the company’s service in more than 25 countries.
To attract attention to the restart of the service, the company offers a 50% discount for passengers.
Speaking of competition, Taxify also claims to offer better relationships to drivers.
As reported, at the end of May 2018 Taxify reported that the company raised $175 million of financing and the company was valuated at $1 billion. Germany’s Mercedes-Benz-owner Daimler has taken a stake in Taxify in a funding round. Last year China’s Didi Chuxing, a rival of Uber, became an investor in the company.
According to FT, Didi also participated in the round, along with European venture capital fund Korelya Capital and TransferWise co-founder Taavet Hinrikus.
Daimler may roll the service into its moovel app, a step that would increase Taxify’s customer base by a quarter to 12.5 million.
Taxify was founded in 2013.

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