10:56, 19 February 2008 Page views 643 views

Ministry of Information Technologies and Communications: a new concept of mobile micro-payments

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Leonid Reiman, Minister for Information Technologies and Communications of the Russian Federation, announced that the Ministry had developed a concept of mobile micro-payments. According to it, the maximal sum of a money transfer without bank payment authorization (at a bank level) from an account to mobile subscriber account will be 500 rubles between physical persons and 5 thousand rubles between legal persons.


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