Pavel Vrublevsky

Vrublevsky also provided the financial backing to relaunch the Finansovaya Gazette (Financial newspaper), Russia's oldest financial newspaper, initially run by the Ministry of Finance of Russia which was founded in 1914.

Pavel Olegovich Vrublevsky (Павел Олегович Врублевский; born 26 December 1978) is a Russian, owner and general manager of the processing company ChronoPay.

He is also the founder of investment company RNP and a Russian Forbes contributor on matters relating to blockchain, cryptocurrencies, and cybersecurity.

He was also implicated in a range of criminal cases related to hacking.

Pavel Vrublevsky was born and raised in Moscow.

As a fifteen-year-old, he studied under the American Field Service student exchange program in Norway, then studied at the Institute of Foreign Languages named after Maurice Thorez, from where he moved to the sociology department of Moscow State University and graduated in 2001.

He organized his first IT company to develop billing software for telecommunications companies at the age of eighteen.

In 2003, at age 23, he founded the company ChronoPay B.V. In 2005, ChronoPay entered the Russian market, and in 2006 Vrublevsky received the prestigious Runet Award.

Within three years, the company gained international recognition as one of the premier processing companies at the cutting edge of technology.

Even though ChronoPay was headquartered in Amsterdam, the company developed into a true leader for processing credit card payments in Russia – controlling roughly 25% of the market share.

The company's client roster boasted several Russian companies as well as larger multinational corporations including Sony and Microsoft.

Most Russian charitable foundations and non-profit organizations also use ChronoPay, including Greenpeace and the Red Cross.

Additional clients included Russia's second largest airline, Transaero, and the country's largest cellphone operator, MTS.

In 2006, Vrublevsky led the e-commerce commission of the NAUET.

The Commission advocated for the preservation of the existing model for the collective management of copyright on the Internet.

Vrublevsky was a vocal proponent of one of the largest rights management societies at the time - FAIR.

In 2007, together with good friend and the former producer of the T.A.T.U. group, Ivan Shapovalov, Vrublevsky purchased a mp3search.ru online store, and was actively engaged in his own mp3 business.

In 2007, after the appearance of electronic air tickets in Russia, Vrublevsky engaged in processing in this area, organizing the project E-Avia.

ChronoPay E-Avia, processing payments for most major airlines (the largest of the clients is Transaero), with the exception of Aeroflot.

In 2009, Pavel Vrublevsky, part of the working group on combating spam under the Ministry of Communications, initiated a campaign against his former partner Igor Gusev (according to Spamhaus rating of the world's main spammer ), the owner of the largest partner spam network for sale Viagra Glavmed.

In 2010, Vrublevsky proposed to create a national air ticket reservation system (GDS) based on E-Avia.

He is ready to transfer a controlling stake in this structure to Aeroflot.

The proposal did not find any response.

As a result, a single Russian GDS was never created.

After the entry into force of the law on the storage of personal data of Russians in the territory of the Russian Federation, the state-owned company "RosTech" was urgently called upon to create a national GDS (where Russian airline tickets will be kept).

Experts agree that after the commencement of the criminal prosecution of Gusev and the closure of Spamit's spam in 2010, the global level of spam fell by half.

In 2011 ChronoPay had five worldwide offices; Moscow, Amsterdam, Barcelona, Florida in the United States, and Riga, Latvia.

There were two franchises in China and an active business in Brazil.

In 2011, the company had more than two hundred employees.

ChronoPay's impact on the online card processing payment industry in Russia is undeniable.

In fact, even today, most of Russia's internet-based payments marketplace entirely relies on former ChronoPay personnel, to name just a few: Largest Russian Bank - Sberbank, most popular e-money system in Russia - Yandex.Money, card associations, such as Mastercard and many more.

Dozens of important state banks and other payment providers are all dependent on former ChronoPay employees, not unlike McKinsey & Company's impact on management consulting.

In 2012, Vrublevsky proposed the redemption of the magazine "Hacker" from the publishing house GAMELAND.

Also, according to media reports, in 2012 Vrublevsky is preparing a deal to buy the oldest business publication in the country - the Financial Newspaper (1915), published jointly with the RF Ministry of Finance.

T.A.T.U. is the only music group from Russia whose music was chosen as the official Russian soundtrack for the 2014 Olympics.

Shapovalov remained a business partner of Vrublevsky's wife, Vera Vrublevskaya, a Russian producer.

for a long time running a social network for musicians along with her.

Vrublevsky's Chronopay was serving the infamous online store allofmp3.com, which was persecuted by the international society for collective management of copyrights IFPI and was accused of infringing by the US during the negotiations on Russia's accession to the WTO.

Allofmp3.com worked under the license of ROMS and gave this organization about 50% of license fees.

According to Russian Forbes, today as 2016 ChronoPay serves up to 25% of the wealthiest corporations concerning capitalization web companies in Russia, including two of four Russian cell companies; MTS and Tele2.