LONDON | Skrill partners with Russian largest payments service Yandex.Money. The collaboration enables Skrill to expand its coverage of the Russian payments market and allows Yandex.Money to be integrated as a payment option for Skrill’s 140,000 merchants worldwide.
Yandex.Money: Russia’s most popular payment service
According to research company TNS Global, Yandex.Money is Russia’s most popular payment service: 84 per cent of Russians are familiar with it and 17 per cent use Yandex.Money to make payments at least once every six months. Currently Yandex.Money is accepted by over 20,000 online stores in Russia, Ukraine, Belarus and Kazakhstan.
Skrill's merchants to tap into Russian ecommerce market
Mohamed Omaizat, VP Group Corporate Development at Skrill, commented: “Partnering with Yandex.Money will provide Skrill’s expansive global merchant base with access to consumers in Russia. It will also enable us to grow our global payment network even further with another popular local payment option, ensuring we stay at the forefront of the digital payments market.”
'Give opportunity to checkout with Yandex.Money'
Maria Gracheva, Business Development Director at Yandex.Money, said: “We want to give our users an opportunity to pay with Yandex.Money in any internet store anywhere in the world. Some of the internet’s most popular services, such as Skype, Facebook and McAfee, are already using Yandex.Money for payments in Russia. Thanks to our collaboration with Skrill, any internet store can now join up with us – particularly those stores that are interested in attracting customers from Russia and other CIS countries.”
Skrill is one of Europe's largest online payments systems and among the world's largest independent digital wallet providers with 35 million account holders. The Skrill Digital Wallet enables any customer to make online payments conveniently and securely without revealing personal financial data, as well as send and receive money online cost-effectively. Skrill’s mission is to become the first choice for online payments. Skrill’s worldwide payment network offers businesses access to direct payment processing via 100 payment options in 200 countries and territories and 40 currencies through just one integration, allowing everyone to pay and get paid globally.
Yandex.Money is the largest electronic payment system in Russia offering easy, safe and reliable methods of paying for purchases online. As of early 2013, the system had over 13 million accounts. The platform handles more than 9,000 new accounts that are added daily and more than 120,000 customer payments for products and services. Yandex.Money is accepted in more than 20,000 online stores. Click here to see all Payment Service Providers supporting Yandex.Money.
Sourced from Realwire, May 23rd, 2013