Global payment solutions provider hyperWALLET announced that it had expanded its network into the Russian Federation, thus increasing its coverage to 45 countries worldwide. In accordance with its expansion the company also introduces roubles support for payments processing as well as the establishment of an operational subsidiary in Moscow.

"Russia is a major global remitter with a unique regulatory environment, so the extension of our payment services to the region represents a significant network milestone for our company”, states Lisa Shields, President & CEO of hyperWALLET Systems Inc. “With further network expansions planned for the upcoming quarters, hyperWALLET aims to have low-cost ACH clearing coverage to every bank account worldwide by 2012, as well as transactional connectivity to 15% of the unbanked population, via mobile money partnerships.”

With the addition of Russian roubles, hyperWALLET now supports transaction processing and payment distribution in 24 currencies. And with a Russian language localization of hyperWALLET’s web and mobile application interfaces now available, branded payment services can be readily launched in any of 13 languages.