Contactless payment use grows three-fold in five months in Ukraine

Payment for goods and services using contactless payment cards is gaining popularity in Ukraine.

The Ukrainian Processing Center (UPC) has recorded a threefold increase in the turnover and the number of transactions using NFC-supported cards emitted by UPC’s five partnering banks. The average transaction value increased slightly from 48 hryvnias at the end of December 2013 to 50 hryvnias (approximately $4.2) today.

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Apex VNT Limited acquires 10% of Ukrainian IT-outsourcing firm Epsy Soft

Apex VNT Limited, an international venture fund with offices in London and Kiev, has completed its first investment in the Ukrainian market, acquiring 10% of IT-outsourcing firm Epsy Soft for 2.3 million hryvnias (approximately $195,000).

In commenting on the deal, Apex VNT PR director Dmitry Chepur told Ukraine Digital News that this is merely their first move into the CIS, a region that they consider to be one of the most promising in the world.

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Ukrainian IT students and alumni rank universities – and reveal appalling corruption

DOU.UA, a leading online community of IT programmers, has published a ranking of Ukrainian IT universities based on a survey of their graduates and students. The strengths and weaknesses of each university were evaluated based on their overall image, knowledge capacity and usefulness.

More than 2,800 people participated in the survey, with 60% of these currently employed as IT developers.

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Report: Ukraine now counts 7.5 million broadband Internet subscribers

The number of broadband subscribers in Ukraine exceeded 7.49 million in the first quarter of 2014, up 0.7% compared to Q4 2013, according to Russian consultancy iKS-Consulting. Broadband ISP revenue in the country exceeded 1.472 billion hryvnias in the first quarter of 2014.

At the same time, according to the consultancy, the dynamics of broadband services revenues show a decline in demand for new Internet services, both on the side of commercial structures and the end-users.

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New Ukraine-made mobile game downloaded 1 million times in the first week

Many of you might know the Ukrainian game development industry by its recent hits, including Assassin’s Creed, the Star Wars series, Crysis, Metro 2033, S.T.A.L.K.E.R., Warface and World of Tanks – which were all fully or partly developed in Ukraine.

Launched on May 15, ZADZEN’s Elements: Epic Heroes is the latest in this series of successes. The game, which was dowloaded one million times during its launch week, now claims 100,000 regular users. 

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Russia still dominates Ukraine’s money transfer market

Russian money-transfer service Zolotaya Korona (Golden Crown) has displaced Western Union as the most-popular option for sending money to Ukraine, according to Elena Makhaeva, who heads the department tasked with overseeing money-transfer services for the National Bank of Ukraine (NBU).

Zolotaya Korona and Western Union together own more than half of the Ukrainian money-transfer market, with the Russian service completing 29.4% of transactions in 2013 and Western Union completing 28%.

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Almost a third of Ukrainian users access the Internet via mobile devices

According to Yandex.Metrika, the share of unique visitors in Ukraine who access websites from smartphones or tablets grew by 11 points to 29% between August 2013 and April 2014.

However, so far mobile Internet users are less active than those who use computers for Internet access, so the share of tablets and smartphones accounts for just 13% of visits (interactive sessions with a website).

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Technologically heeled companies are more optimistic about the future

Despite the difficult economic and political situation in the country, 23% of SMB companies in Ukraine project financial growth within the year. 64% of these optimistic market players make use of information technologies, in particular cloud-computing, according to an Ipsos MORI survey ordered by Microsoft.

According to the survey, 85% of small and 66% of mid-sized companies are using new technologies in their business.

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Jabil Circuit Ukraine to invest $1.5 million in electronics production in Transcarpathia

Having already invested $88 million since it established a base in Uzhgorod, Ukraine in 2004, the US-based manufacturing giant Jabil Circuit announced yesterday that they intend to spend a further $1.5 million for the purpose of boosting manufacturing-capacity for high-tech, complex products.

The company says that this latest investment will be directed towards boosting output by 10%. They have reportedly created 2,000 jobs at their Ukrainian plant, which is tasked with creating several models of Nokia phones.

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Three Ukrainian companies rated “rising stars” in global ranking of IT outsourcing companies

In its annual ranking of the world’s best outsourcing service providers, the International Association of Outsourcing (IAOP) has included three Ukrainian companies among the “Top 5 Rising Stars:” Intetics, Miratech and Softengi made the list, occupying the 3rd, 4th, and 5th spots, respectively.

EPAM and Luxoft – two companies with Russian origins and large development centers in Ukraine – as well as the Ukrainian company SoftServe were included in the “Leaders” category, which characterizes larger, more-established firms.

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