Internet transactions in Russia are growing rapidly. So is the demand for internet banking and internet financial services. In order to stay on top of the competition, banks and financial institutions have to develop internet-based facilities accordingly. Experts forecast that in a couple of years all financial payments and settlements will be conducted via Internet.

Even the infamous current crisis has not affected the e-money market – it continues to show stable and lively growth.

But there are a lot of problems on the way to this internet-prosperity. Inadequate legislation, regulation and market monitoring; fraud and money laundering; lack of co-operation between different categories of market participants – these issues are among the many obstacles, which prevent the successful development of this highly-potential market

The forthcoming conference will bring together the leading players of local and international markets, legislators and regulators, representatives from commercial and governments bodies, whose activity and decisions indicate and rule the development of the sector.

Among the speakers and panellists are: Alexander Khandruev, First Vice President, Association of Russian Regional Banks, Head of Consulting Group “Banks. Finance. Investment.” Dave Birch, Director, Consult Hyperion, UK Dr. Thaer Sabri, Chief Executive, Electronic Money Association, UK Evgeniya Zavalishina, General Manager, Yandex. Money Petr Darakhvelidze, Director for Development, WebMoney Transfer Vladimir Urbanskiy, Head, Selfservising channels, Alfa Bank Yulia Demenyuk, Vice President for Retail, VTB24 Bank Boris Kim, Head, Committee for electronic payments' systems and banking instruments, National Association Of Electronic Trade Participants Yuriy Malcev, Co-Founder and General Manager, Elecsnet Pavel Medvedev, Member of Financial Markets Committee, State Duma Andrey Romanenko, CEO, OE Investments (Qiwi) Russian Central Bank representative