Facebook To Start Money Transfer System in Russia: Kommes

Facebook Inc. (FB) plans to start new services in Russia, including an on-line money transfer system, RBC Daily reported today, citing people familiar with the project.

Russian Standard Bank and Bank24.ru may become the partners in the project, newspaper said.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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