OREANDA-NEWS. Mail.ru Group, Alipay, USM, MegaFon and RDIF announced plans to create a joint venture in the field of electronic payments, according to a message on the London Stock Exchange. “The new joint venture will work to accelerate the development of the digital economy of Russia by modernizing the electronic payment system in the country”, the report said.

The largest shareholder of the joint venture will be Mail.ru Group - it will receive 40% and contribute VK Pay and Money. Mail.ru". The announcement of the new joint venture was made after the RDIF, Mail.ru Group, Alibaba and MegaFon closed a deal to create a joint venture Aliexpress Russia, which will integrate Russian consumer Internet and e-commerce platforms.

The Russian side received a controlling stake in the enterprise. The board of directors of this joint venture was headed by Boris Dobrodeev, CEO of Mail.ru Group. The joint venture will help develop Russian-Chinese business relations.