hyperWALLET, a provider of global payment solutions, has expanded its payment network into the Russian Federation, extending the company's proprietary interlinked ACH clearing capability to 45 countries worldwide.

Concurrent with this expansion is the company’s support for payment processing in roubles, and the establishment of an operational subsidiary in Moscow.

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.

hyperWALLET Systems president & CEO Lisa Shields said Russia is a major global remitter with a unique regulatory environment, so the extension of the firm’s payment services to the region represents a significant network milestone for the company.

"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," Shields said.